A title, in timeshare terminology, refers to the proof of ownership of a property.
These are normally recorded with the local government for documentation purposes. In the event of a resale of a timeshare property, title transfers are common, in which the title will be sent over to the new owner and must go through the necessary steps to ensure that the transfer is completed.
In the event that there is any undeclared liens, back taxes or overdue fees on a title, those will transfer over to any new owner and they will be responsible for paying of any debts on the title. In addition, it is possible that there is some sort of defect on the title which would disallow the transfer from completing. Because of this, it is good practice to utilize title insurance whenever involved in a title transfer, as this will help determine if the title is clean and legal and able to be transferred without issue.
If you have any additional questions regarding timeshare resort titles, feel free to contact us.
