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Post by zulaya on May 13, 2024 12:05:34 GMT -5
Wondering if anyone has ever done this themselves vs. going the attorney route.
I'd like to add our adult kids as owners and am willing to work on this, but would love to find a clear process.
Googling found some sources, but they seem outdated.
Thanks for any guidance.
Mary
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Post by nickys on May 13, 2024 12:15:53 GMT -5
Wondering if anyone has ever done this themselves vs. going the attorney route. I'd like to add our adult kids as owners and am willing to work on this, but would love to find a clear process. Googling found some sources, but they seem outdated. Thanks for any guidance. Mary Member Administration (MA) will tell you the process if you call them. It is possible to do it yourself but there will still be costs involved in filing the new deed. Using a title transfer company ensures this is all done correctly with less hassle. MA will suggest who to use but there are reliable and cheaper alternatives. |
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Post by zulaya on May 13, 2024 14:24:25 GMT -5
MA doesn't have a phone number that's answerable -- at least for US based calls. I've emailed. They told me to pay a title company, but nothing else.
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Post by nickys on May 13, 2024 15:05:08 GMT -5
MA doesn't have a phone number that's answerable -- at least for US based calls. I've emailed. They told me to pay a title company, but nothing else. That’s odd. If I call DVC I get an option for Member Services and one for Member Accounting. 🤔 I intend to call just to find out about adding DS as one option, because several people told me they can help (they are US based). I’ll see if I can find out. |
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Post by dlwdwdvc on May 13, 2024 16:19:53 GMT -5
If you are logged in to DVCMember you will see on the right side
More Help
Frequently asked questions
Contracts and Deeds
Making changes to your Deed ( adding or removing name ) …Title Company and then info to update your legal Contract name with member services reminder .
But it helps to see their response in print .
Good luck
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Post by dlwdwdvc on May 25, 2024 5:48:13 GMT -5
I noted this info from a year ago when another MagicOwner posted after adding daughter to contract.
They used Danny Cohen and used Jeffrey C. Sweet when they purchased a resale contract..
Apparently Mr. Cohen charged $175 per contract..
They also mentioned that the process could not be completed until their current Reservations were completed. I think that was last November trip.
Sorry I did not make note of the posters name but my snapshot does show Magicowners.com
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Post by FessParker1 on May 26, 2024 6:52:11 GMT -5
1. Get a copy of the request to change titleform from dvc. This form will trigger ROFR waiver and needs to be submitted 30 days before title change is submitted. 2. To fill out the form you will need the names and addresses of current members, member number, contract number and resort name. The old contract name/title information and signature from current owner. 3. Visit the orange county comptroller website to get a copy of your current contract. www.occompt.com4.(optional) Get a title search done if necessary. 5. Get the waiver of right of first refusal from dvc. They will include another form to complete and send in later. 6. Create a new Warranty Deed. Model after your existing deed while updating names and addresses exactly as they appear on the ROFR (#5) which came from the transfer request(#2). They must be consistent. formswift.com/warranty-deed Contact Brevard County Clerks office for a blank deed form. brevardclerk.us 7. Get the new Warranty Deed notarized and witnessed. 8. Calculate recording fees from occompt.com Do a recording fees search. Be sure to calculate the number of names correctly. A couple grantor is 2 names, adding a child grantee is the couple plus child for a total 5 names. Fees apply separately for deed and waiver. 9. Mail in the new Deed to the orange county comptroller along with a check. Include: Warranty Deed Waiver Deed document fee 10. Recieve paperwork back from OCC with the necessary document stamps. 11. Mail the following to DVC New Deed - copy Waiver - copy Change request form received in step 5 Check for any outstanding mortgage balances or dues on the contract |
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