transferring ownership

Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help.

Janice

janice752 wrote:

Does anyone know how transferring ownership works with these folks? I noticed in our paperwork, that if we resell outside of our family, there is not only their usual transfer fee, but also, 10% of our original purchase price is assessed. How can this even be legal? We, like others, will take a loss on selling, so who absorbs this assessment? Thanks for any help.

Janice

We're in the same boat and in little bitty letters, there's a clause stating that if you sell or transfer to anyone outside immediate family (not grandma, aunts or cousins) you get to pay a nice fat fee. We're practically giving our timeshare away for $3000 which just covered the $2600 fee for the timeshare company. But we'll be rid of it so it's worth it moorez