This form is a Warranty Deed where the Grantors are two Individuals and the Grantee is an individual. Grantors convey and warrant the described property to the Grantee. This deed complies with all state statutory laws.
Pennsylvania Warranty Deed for a Time-Share from Two Individuals to One Individual
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State:
Pennsylvania
Control #:
PA-043-78
Format:
Word;
Rich Text
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FAQ
Contact Your Timeshare Company. First, contact your timeshare company or HOA and ask for help. Contact a Lawyer. Contact an attorney familiar with title laws in the state where you bought your timeshare. When All Else Fails: Surrender.
Step 1Be careful. Before you even begin, make sure the other party is legitimate and trustworthy, especially if you're the seller. Step 2Create a buy sell agreement, known as an earnest money contract. Step 3Create a deed. Step 4Record your deed with the county. Step 5Notify the resort.
If you stop paying it, the timeshare company will do whatever it takes to collect. They'll make phone calls and send letters, then they'll assign it over to (you guessed it) a collections company. If you still don't pay, the situation sinks even further into foreclosure and possible legal action against you.
A property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership. When a property or house is sold, the buyer and seller sign the deed to transfer ownership.
A deed back clause or program allows you to give your timeshare back to the resort. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.
Quitclaim Deed. Deed of Trust. Warranty Deed. Grant Deed. Bargain and Sale Deed. Mortgage Deed.
Often resorts will have a small fee to transfer deed ownership, regardless of if the timeshare is a gift or not. You can expect to pay roughly $100.00 USD to your resort for the application of transfer for a new owner.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
Although you can give your timeshare away as a gift, you will have to gift it with the understanding that the new owner will take over the fees, insurance, and taxesincluding any unpaid items.Additionally, the management company may require you to pay a transfer fee or other fees if you give away your timeshare.