by Guest » Wed Sep 01, 2010 07:09 am
When it comes to timeshares, I'd expect the cost of the unit to be $4k. Now, I'm not aware of any range of sale price when it would be worthy of me to bear title insurance with an additional $225 beyond the closing cost. What will happen when it's not purchased but there are taxes and liens against such units?
Posted: Fri Sep 03, 2010 12:03 pm Post Subject:
There are a few other things that you must also consider. The people from whom you're buying also need careful consideration. It would be better if you'd know them personally. Another thing that you may take into account is their 'reputation'. I guess that also counts to some extent.
Posted: Sat Sep 04, 2010 01:08 pm Post Subject:
See, quite a few of the timeshares have shady titles. I'll say it depends. There are certain things to consider e.g. the property was developed by whom, where in did it get developed etc.
I'll check that I have the ones with clean titles i.e. without any liens or without any problems related to spouse etc. Then only I'd decide.
Posted: Mon Sep 06, 2010 06:50 am Post Subject:
There's one problem with the Timeshare title insurance. It's quite expensive if we compare it to it's coverage benefits. The administrative overhead seems huge when compared with the worth of coverage.
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