New electronic service reduces recording time from months to next day.
Huntington Beach, CA (PRWEB) May 07, 2015
Deed and Record now electronically prepares and records Hawaiian deeds for timeshares, intervals and vacation ownerships. Electronic recording reduces the return time of a recorded deed from months to days.
A deed is a document used to transfer ownership of real property. Deeds to change Hawaiian resort ownership have many names. These deeds are referred to as “Vacation Plan Conveyance Documents,” “Vacation Ownership Deeds,” “Interval Deeds,” “Interval Conveyance Deeds,” “Interval Ownership Deeds,” “Interval Warranty Assignments” and "Timeshare Deeds."
Deeds are used to fund trusts. Deeds are also used to add or remove a co-owner holding title as joint tenant. The most frequent use of deeds is to add a spouse as owner due to marriage, or to remove a spouse as owner due to divorce.
For example, ownership in a Hawaiian resort is awarded to one spouse in a divorce decree or marital settlement agreement. Until the non-owning, ex-spouse is removed as owner, he or she remains liable for property taxes and maintenance fees. Until the non-owning, ex-spouse is removed as owner he or she has access to the vacation resort. The ex-spouse is removed as owner by deed signed by the ex-spouse.
Deeds are used for marriage. A newlywed desires to add his or her new spouse as a co-owner of a Hawaiian timeshare, interval or vacation interest. The new spouse is added as owner by deed granting joint ownership to both spouses.
Hawaiian timeshares, intervals and vacation ownerships are often overlooked in funding of trusts. A trust is created to avoid probate. But if ownership is not changed to the trust probate is required. Hawaiian resorts owned by a trust avoid probate and avoid court supervision. A deed is used to make the trust the owner.
Another way to avoid probate is to add a relative as co-owner as a joint tenant. In joint tenancy the deceased owner’s interest disappears by operation of law. The surviving joint tenant becomes the sole owner and avoids probate.
Deed and Record prepares deeds in the format and manner required by Hawaii’s Bureau of Conveyances. Deeds include legal description, demarcation and interval control number. Deeds are recorded electronically and returned to the customer by email.
Customer provides a copy of the recorded deed to the Vacation Resort Club to update their records.
Company prepares and records deeds for title and ownership change that remove a spouse due to divorce, add spouse due to marriage, add or remove a co-owner and that fund trusts. Service now includes next day electronic filing.
This press release is provided by Mark W. Bidwell. Mr. Bidwell markets timeshare and vacation title transfer services through websites, primarily http://www.DeedAndRecord.com. Deed and Record provides change in timeshare ownership in California, Hawaii, Florida and Nevada. Office is at 4952 Warner Avenue, Suite 235, Huntington Beach, California 92649. Phone is 714-846-2888.