Having Canada House assist you in
transferring the title of your unit/week?
Here’s the process:
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Seller contacts the resort for a change of ownership request form, which will
then be sent to the seller within 2-3 working days.
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A title search
will be run on the unit/week to make sure there’s nothing wonky that
needs to be taken care of (sometimes we find an old lien that was never
released, or an ancient mortgage that was never satisfied). Please be
advised that this title search is NOT to advise you as to the condition
of the title. It’s so that we can make sure it’s clear from our end, and
that it stays clear when we transfer the title. Our title searches are
not certified, and we cannot offer title insurance based on them.
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The change of
ownership request form will be sent out (usually by mail, although it
can be faxed upon request). The form may be completed by either party
and returned to us with payment for reimbursement of our costs (see
prices). Please note
that most of the information requested on this form relates to the buyer.
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When we receive
the request form and payment, a Quitclaim Deed will be prepared and sent
to the seller to be signed, witnessed, and notarized. A return envelope
(including postage if seller is inside the U.S.) is included.
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After we
receive the completed Deed, we will send it to the County to be
recorded. This process takes about 6-8 weeks.
Note: Upon
request, two additional steps can be added here:
o When
the completed Quitclaim Deed is received in our office, we will instruct the
buyer to send payment to the seller.
o When
payment has been received (and the check has cleared), the seller will
notify us that the Deed can now be recorded.
In this way, the buyer knows
that the executed Deed is ready to be recorded, so the price of the sale
will not be lost, and the seller knows that the Deed will not be recorded
until payment has been received. IN ORDER TO ENSURE THAT THESE
ADDITIONAL STEPS ARE INCLUDED IN THE PROCESS, THE WORD "ESCROW" MUST
BE WRITTEN ON THE REQUEST FORM BEFORE IT IS RETURNED TO OUR OFFICE AND THE
LEGAL PAPERWORK PREPARED. There is no additional charge for this
"escrow" service, but if we receive the request form without the word
"ESCROW" written on it, we cannot guarantee that the steps involved in the
"escrow" process won't get missed!!
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Once the County
has recorded the paperwork and returned it to us, we will update our
records as to ownership, make copies for our files, send a copy to the
now-former owner, and send the original to the new owner.