Tip 12 - Title Insurance

Title Insurance Costs Problems No Title Insurance Claims

Regardless of how you were able to buy or sell your timeshare (on your own, thru a friend, a referral, the resort, the developer or thru a resale broker) always obtain title insurance from a third party title insurance company. With the experience of over 6,500 timeshare transactions, I can assure you that the relatively small title insurance fee could save you thousands of dollars, hours of time and avoid possible litigation.

NEVER BUY OR SELL A TIMESHARE WITHOUT OBTAINING TITLE INSURANCE FROM A THIRD PARTY TITLE INSURANCE COMPANY.

Title insurance will:

   1. Verify that the seller is the legal owner
   2. Verify the legal description of the timeshare
   3. Identify any liens against the property
   4. Insure buyer against anything not identified in
      title policy (ie loans, taxes, CC&Rs)         
   5. Insure buyer that the chain of title is proper

Right to use and club type timeshares may be more difficult or impossible to insure, but insurance should be obtained if available