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gregm TUG Member Posts: 37 From: Morton,IL Registered: Jan 2002	posted 09-05-2004 14:23 Does anyone have an opinion on why Resort Closings,Inc. is used frequently for timeshare closings on ebay? It certainly isn't the price at $425.00. I thought ebay directed the sellers to Chicago Title for closings. Is it quality service by Resort Closings? Does Resort Closings offer a rebate to the seller? What experience have you had with this company? Thank you for your reply. IP: Logged
Brian Talbot TUG Member Posts: 800 From: Shelton, CT; MAss. native. 4weeks@2 FL Key resorts: Galleon ,Caloosa Cove; 14 wks.in Cape Cod: BWR,MNP, EAP, Harbor Hill, & Sandcastle Registered: Dec 2000	posted 09-05-2004 15:40 For my most recent timersharte resale purchase as buyer, the selling company required that I use Resort Closings to handle the closing. I protested using a closing company that shared a phone line with the resale company but the deal I got was too good to say "no" to what I thought was an unreasonable requirement. To my surprise and delight, it was the fastest turnaround I've ever had out of a total of nineteen intervals bought and sold to date (17 presently owned): In 6 weeks I had the fully recorded original deed in my hands! Recommended! Brian IP: Logged
JohnnyO TUG Member Posts: 1725 From: Registered: Apr 2001	posted 09-05-2004 20:56 Do a Search on this board with "Resort Closings" and you will find several threads including this one: http://www.tug1.net/tugbbs1/Forum1/HTML/007101.html They have a conflict of interest as the parties are related as seller and closer but some people seem to be ok with that and others not. IP: Logged
YellowAudi TUG Member Posts: 53 From: Deerfield Beach, FL USA Owner: Westin Mission Hills, Marriott Canyon Villas, Four Seasons Aviara, Hyatt Beach House, Villa L'Auberge Registered: Mar 2004	posted 09-06-2004 19:16 Resort Closings has recently closed a couple of deals for me and I found them to be very responsive and professional. IP: Logged
PA TUG Member Posts: 3731 From: San Antonio, TX 78258 Registered: Mar 2002	posted 09-06-2004 19:48 quote: Originally posted by gregm: Does anyone have an opinion on why Resort Closings,Inc. is used frequently for timeshare closings on ebay? It certainly isn't the price at $425.00. I thought ebay directed the sellers to Chicago Title for closings. Is it quality service by Resort Closings? Does Resort Closings offer a rebate to the seller? What experience have you had with this company? Thank you for your reply. After wondering the same thing often, and doing some research, this is what I believe is going on. Resort Closings offers a particular service to resellers that includes: 1) The reseller agrees to buy a property. 2) Resort Closings does a title search and tells the reseller that it's ok, the seller does have clear title 3) Resort Closings gets the seller to sign a Power of Attorney over to Resort Closings, so that RC can act as the seller. 4) You buy from this reseller on Ebay, and pay the $425. 5) The reseller has paid nothing to RC This relieves the reseller from any closing fees, plus gives him reasonable assurance that he is transferring clean title. What this essentially boils down to is that you are paying 2 closing fees. However, when you think about it, you must always expect to pay 2 closing fees when you buy from a reseller. Even if he paid his own closing fee when he bought from the original owner, he's going to have to add that to the cost. The down side is that since the reseller never took title, in most cases they don't have a very clear idea about the ins and outs of ownership. But as long as you are very careful to do your due diligence, it should be ok. IP: Logged
johnny5 Non Member Posts: 2 From: Registered: Sep 2004	posted 09-09-2004 15:12 I have determined that this poster is directly connected to one of the entities involved. Accordingly, I have deleted this post as being an ad, which is not allowed on this board. Dave M [This message has been edited by Dave M (edited 10-01-2004).] IP: Logged
calihockey33 TUG Member Posts: 1890 From: So California, USA Registered: Sep 2003	posted 09-09-2004 16:16 quote: Originally posted by johnny5: Resort Closings to the best of my knowledge is not affiliated with any selling agency...they seem to be the closing company of choice on E-bay as they work with many brokers. Hi Johhny5, Actually your knowledge is incorrect. From what I've seen, many agents of the reseller from http://www.gotimeshare.net/ has a separate ebay identity. I saw some good deals on this site. I called the number on the main page and guess what? The phone was answered "resort closings" I said "I'm calling about an ad on your website", she said "we are a closing company and don't sell timeshares" I told her that her # was listed on this website. She said she will let them know, it was a mistake and she gave me the phone # for gotimeshare, the phone # & address are very close.. This was about 2 months ago and I told JohhnyO the story, so I have no axe to grind. GoTimeshare P.O. Box 7183 Bozeman, Montana, 59771-7183 Phone:406-586-0614 Resort Closings, Inc. 705 Osterman Drive, Suite B Bozeman, Montana 59715 Phone 406-585-0688 Maybe it�s a coincidence I called gotimeshare and didn't get much of a response. Most of the units I was interested in were already on ebay. I have asked questions of sellers on ebay, that use resort closing and some of the names are the same as the agents on gotimeshare. I know the following is probably just a coincidence but its kind of strange.. Click the links below http://www.gotimeshare.net/ http://www.gotimeshares.net/ [This message has been edited by calihockey33 (edited 09-09-2004).] IP: Logged
Brian Talbot TUG Member Posts: 800 From: Shelton, CT; MAss. native. 4weeks@2 FL Key resorts: Galleon ,Caloosa Cove; 14 wks.in Cape Cod: BWR,MNP, EAP, Harbor Hill, & Sandcastle Registered: Dec 2000	posted 09-09-2004 16:51 "Maybe it's a coincidence." -When I closed on my latest purchase which was from Go Timeshare, I was REQUIRED to use Resort Closings...As much as I did not like that idea, I did it because it was a genuinely good deal and everything checked out after doing my own "due diligence". When I had insinuated to the salesperson that I would use my own closing attorney and/or agency, I was told that they didn't work with anyone else- and I got the feeling they might not sell me the interval (By this point I had checked out everything and all looked very good). -At one point when I was checking on the closing status from Resort Closings I telephonerd them at their toll-free number and when the rep couldn't reply to my question I was transferred directly over to my salesperson at GO without there being a disconnection on the phone line. When I asked HOW it was possible that they were sharing the toll-free number, the answer was that it belonged to Resort Closings but since GO was on the same street/block/neighborhood they could transfer phone calls! "Maybe it's a coincidence?" Brian ------------------ My co-workers and family tell me that I won't be able to retire and travel until purchasing an additional 36 weeks! :0 ...and the countdown continues.... IP: Logged
JohnnyO TUG Member Posts: 1725 From: Registered: Apr 2001	posted 09-10-2004 11:06 That is too funny....."Maybe it's a coincidence."....I would not say that it is and it was known even before you came on board I believe Cali. We flushed out our suspicions with these companies right when they started...phone numbers crossed...related parties....too bad TUG didn't keep it in the archive....I may have copied it to email somewhere but would have to look for it. I don't know why they put on the whole ruse.....that is what makes me even more suspicious. Just be upfront about it....Holiday Group is upfront about using their own closing company....and they guarantee free and clear title. And why is someone who is a non-member using the name "Johnny5" and their first post is talking about how great the company is....tell me that is not suspicious.....please, I did not just fall off the luggage ramp.... IP: Logged
johnny5 Non Member Posts: 2 From: Registered: Sep 2004	posted 10-01-2004 13:52 I have determined that this poster is directly connected to one of the entities involved. Accordingly, I have deleted this post as being an ad, which is not allowed on this board. Dave M [This message has been edited by Dave M (edited 10-01-2004).] IP: Logged
Bill4728 TUG Member Posts: 271 From: Sumner, WA Owner: Club Intrawest, Monarch Grand Vacation & Mountainside Lodge Registered: Apr 2004	posted 10-01-2004 23:26 Hi I'm wondering if "gotimeshare" has changed their name to "Sellingshares" (new seller as of Aug 30, 2004)who are selling the same TS locations and the seller is from the same town, Bozeman, Montana. They also are requiring a $425 closing with Resort Closings INC on a property that not a deeded TS but is a points membership(Monarch Grand Vacations). I also have bid on some of their offerings but was unwilling to pay $375 to have Resort Closing to do nothing but hold the money and write a letter to the TS asking for them to transfer the membership. Bill http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=15897&item=4326817742&rd=1&ssPageName=WDVW [This message has been edited by Bill4728 (edited 10-01-2004).] IP: Logged
Northernboy TUG Member Posts: 211 From: Resort: Sutherland Crossing FL Registered: Jul 2004	posted 10-02-2004 06:56 quote: Originally posted by PA: After wondering the same thing often, and doing some research, this is what I believe is going on. What this essentially boils down to is that you are paying 2 closing fees. However, when you think about it, you must always expect to pay 2 closing fees when you buy from a reseller. Even if he paid his own closing fee when he bought from the original owner, he's going to have to add that to the cost. When I bought my timeshare, the reseller didn't even own the timeshare, the timeshare transferred directly from the owners to me. I did have title insurance, and it all went smoothly. That way the reseller doesn't have to pay any initial closing cost. IP: Logged
sreiml8 TUG Member Posts: 378 From: Louisville KY USA Registered: Jan 2004	posted 10-02-2004 08:00 There are a number of sellers on ebay that use Resort Closings. I think it must work as PA related above. I bought a TS on eBay. The property delivered differed from the auction listing. I told Resort Closing. The seller then made me various offers to try to make things right. I opted to just have a reversal done on the transaction. Resort Closing promptly sent me a refund check. A number of weeks later I called RC and told them I was unable to recover account transfer fees I had paid separate from the escrow. This is where I thought they would decline responsibility. They sent a check. Mistakes will happen. I had a time trying to get info from the resort, the management company, and RCI points accounts. I believe RC did also. I will judge this company on what they do when things go wrong. I'm satisfied they are OK. ------------------ Glenn IP: Logged
renreddeb TUG Member Posts: 13 From: Registered: Aug 2004	posted 10-02-2004 22:24 I am in the process of closing with Resort Closings on a property I bought off My Resort Network with Gotimeshares. I got the property for a good price and though I was alittle hesitant about the $425.00 I paid it. They seemed alittle questionable at first, for example if I had not inquired when the maint fee was due again we would have not found out that it was due now! So I had to send a another payment for that but they waived the paypal fee after I questioned it. They also where clueless about the amount of the fee which had went up five dollars ( I found this out by doing my research with the resort which I thought was what they were suppose to be doing with my $425.00!) They have been real responive though since then so we will see. This is my first timeshare purchase and I have done alot of due diligence myself. I am not sold on them yet but I paid with paypal and they have 30 day coverage at least! IP: Logged
debraxh TUG Member Posts: 1330 From: San Jose, CA Registered: Sep 2001	posted 10-03-2004 11:57 I'll be sending our check tomorrow to Resort Closings for a purchase from gotimeshares. I didn't like being "forced" to use them for closing, since the fee was so high. I simply reduced my offer by the amount I considered overpayment and they accepted. I really have no problem if the two companies are "related" but it would be more honest if they would just admit it. As long as the sale goes through smoothly, I'll have the timeshare I want at the price I wanted, and will be happy. Will let you all know the outcome. IP: Logged

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