Posted on: 11th Jul, 2010 07:40 am
we live in canada have a tineshare in florida, how will the quit claim deed work
Hi travgal
Welcome to mortgagefit
In time share share holder do not hold any ownership but rather lease/"right to use" basis provision is there.and thus quitclaim deed won't be suitable for this kind of transaction rather plain selling transaction can be carried out.
Welcome to mortgagefit
In time share share holder do not hold any ownership but rather lease/"right to use" basis provision is there.and thus quitclaim deed won't be suitable for this kind of transaction rather plain selling transaction can be carried out.
Hi travgal,
If you want to transfer the timeshare property to the resort, then you can use a quit claim deed. As the property is located in Florida, the deed should be of Florida itself. For further information in this regard, you should contact an attorney and get his opinion.
If you want to transfer the timeshare property to the resort, then you can use a quit claim deed. As the property is located in Florida, the deed should be of Florida itself. For further information in this regard, you should contact an attorney and get his opinion.