The Cost of a $1 Time Share is $1,430.22

Escrow charge to Chicago Title Co $495; FedEx Fee to Chicago Title Co $ 16.67; Recording Fee to Chicago Title Co $ 40.00; County Transfer Tax to Chicago Title Co $ 2.55; Transfer Fee to Tahiti Village Vacation Club $ 95.00; General Fund Fee to Tahiti Village Vacation Club $350.00; 2018 Maintenance Fee to Tahiti Village Vacation Club $429.00; Simplified Recording Service Fee to Chicago Title Co $ 2.00

bobb722 wrote:

Escrow charge to Chicago Title Co $495; FedEx Fee to Chicago Title Co $ 16.67; Recording Fee to Chicago Title Co $ 40.00; County Transfer Tax to Chicago Title Co $ 2.55; Transfer Fee to Tahiti Village Vacation Club $ 95.00; General Fund Fee to Tahiti Village Vacation Club $350.00; 2018 Maintenance Fee to Tahiti Village Vacation Club $429.00; Simplified Recording Service Fee to Chicago Title Co $ 2.00

I'm not sure I get your point. There are deed prep and recording, closing, and transfer fee costs associated with any and every timeshare transaction anywhere, as well as annual maintenance fees for any and every timeshare on the planet. Did you expect these costs to disappear or be paid by someone else, just because the underlying timeshare itself is essentially being given away for free?

That said. the $495 identified as "escrow charge" is certainly both gratuitous and excessive and basically just a money grab by the title company unless it also includes all of the associated deed work, in which case it's high but within range.

Point is, letting people know what the cost of buying a timeshare on the resale market, cause the information is not readily available.

As ken noted and as a side note, The cost you are concerned with are also something that can be determined between seller and buyer. As I would read it, you bought it for 1.00 and paid closing costs. It should have mentioned this in the add when you expressed interest. It's a bargaining chip, frequently used.

Yes, that is how timeshare people confuse other people.

sandyd192 wrote:

Yes, that is how timeshare people confuse other people.

There are closing costs and transfer fees associated with any and every timeshare transaction, including those conducted between two private individuals, neither of whom may be commercial "timeshare people".

Any "confusion" stems from one (or both) of the two parties failing to clearly understand or negotiate (and specifically agree upon, before closing) exactly who will be paying the mandatory transaction costs, or if they will be "split". Truly desperate sellers will sometimes offer or agree to pay all such costs themselves to "seal the deal", but it would only be a very highly motivated (or truly desperate) owner who would give away a timeshare for a dollar AND also pay all of the transaction and transfer costs out of their own pocket, thereby voluntarily taking a very significant financial "beatdown" just to get themselves out of their ownership obligations.