Repurpose Summary
The 16-unit timeshare resort (832 intervals) was converted from timeshare to whole ownership during 2018 – Feb 2019. The TOWB team coordinated and finalized deed-backs, foreclosures, transfers, and buyouts. TOWB managed the acquisition of clean titles for all intervals, re-registered the units as whole ownership condominiums, and sold the project with clean, insurable titles.
- 16 units converted (entire resort) from timeshare to whole ownership.
- Complete search of 100% of intervals – 832.
- 5 batches of foreclosures – over 200 in total.
- 15 months start to finish for the entire project.
- Received all 832 intervals back into the name of the association, with no issues and clear titles.
- TOWB directed and managed the entire process.
- Sold entire resort with title policy.
- TOWB compensation always based as a percentage of the sales price.
- TOWB is not paid a penny until the end.
