Comments on: Purchasing Fractional Real Estate: What to Expect When You Write That First Check http://luxuryfractionalguide.com/blog/2008/09/12/purchasing-fractional-real-estate-what-to-expect-when-you-write-that-first-check/ Fractional real estate, private residence club and destination club breaking news Thu, 17 May 2012 19:34:30 +0000 http://wordpress.org/?v=2.5 By: Sherman Potvin http://luxuryfractionalguide.com/blog/2008/09/12/purchasing-fractional-real-estate-what-to-expect-when-you-write-that-first-check/#comment-596 Sherman Potvin Tue, 24 Feb 2009 00:45:08 +0000 http://luxuryfractionalguide.com/blog/?p=225#comment-596 Hi Daljit, Thanks for your note. The developer can hold title to his property in many ways avoiding the need to give "deeded title". However,one of the attractions of fractional buyers is the fact that they can actually have a "free & clear title" just as they do at home? I have found that people in general do not understand trust, corp. etc.and it's a much harder sale, hope this helps, cheers, Sherman Hi Daljit, Thanks for your note. The developer can hold title to his property in many ways avoiding the need to give “deeded title”. However,one of the attractions of fractional buyers is the fact that they can actually have a “free & clear title” just as they do at home? I have found that people in general do not understand trust, corp. etc.and it’s a much harder sale, hope this helps, cheers, Sherman

]]> By: Daljit Hundle http://luxuryfractionalguide.com/blog/2008/09/12/purchasing-fractional-real-estate-what-to-expect-when-you-write-that-first-check/#comment-585 Daljit Hundle Thu, 12 Feb 2009 19:14:25 +0000 http://luxuryfractionalguide.com/blog/?p=225#comment-585 Pretty informative article. My question is why does the current owner have to pay the current mortgage in full before the new fractional owner can close on the deal for his purchase of fractional ownership. I own a 17 acre estate in south pacific region of Costa Rica and have a current mortgage of $900,000.00 for 20 years. The title is held with a corporation so the fractional buyer can buy his portion of the shares. The mortgage is being paid through auto debit with a bank. To ensure the continuity of mortgage payment a safeguard can be set up whereby the new fractional owner can monitor the monthly payment. Regards Daljit Pretty informative article. My question is why does the current owner have to pay the current mortgage in full before the new fractional owner can close on the deal for his purchase of fractional ownership.

I own a 17 acre estate in south pacific region of Costa Rica and have a current mortgage of $900,000.00 for 20 years. The title is held with a corporation so the fractional buyer can buy his portion of the shares. The mortgage is being paid through auto debit with a bank. To ensure the continuity of mortgage payment a safeguard can be set up whereby the new fractional owner can monitor the monthly payment.

Regards

Daljit

]]> By: Daljit Hundle http://luxuryfractionalguide.com/blog/2008/09/12/purchasing-fractional-real-estate-what-to-expect-when-you-write-that-first-check/#comment-584 Daljit Hundle Thu, 12 Feb 2009 19:12:51 +0000 http://luxuryfractionalguide.com/blog/?p=225#comment-584 Pretty informative article. My question is why does the current owner have to pay the current mortgage in full before the new fractional owner can close on the deal for his purchase of fractional ownership. I own a 17 acre estate in south pacific region of Costa Rica and have a current mortgage of $900,000.00 for 20 years. The title is held with a corporation so the fractional buyer can buy his portion of the shares. The mortgage is being paid through auto debit with a bank. To ensure the continuity of mortgage payment a safeguard can be set up whereby the new fractional owner can monitor the monthly payment. Regards Daljit Pretty informative article. My question is why does the current owner have to pay the current mortgage in full before the new fractional owner can close on the deal for his purchase of fractional ownership.

I own a 17 acre estate in south pacific region of Costa Rica and have a current mortgage of $900,000.00 for 20 years. The title is held with a corporation so the fractional buyer can buy his portion of the shares. The mortgage is being paid through auto debit with a bank. To ensure the continuity of mortgage payment a safeguard can be set up whereby the new fractional owner can monitor the monthly payment.

Regards

Daljit

]]> By: Craig Bosio http://luxuryfractionalguide.com/blog/2008/09/12/purchasing-fractional-real-estate-what-to-expect-when-you-write-that-first-check/#comment-448 Craig Bosio Mon, 22 Sep 2008 21:34:45 +0000 http://luxuryfractionalguide.com/blog/?p=225#comment-448 Sherman, This is a very imformative article. Its great that you provide such detail to the fractional ownership process. Educated consumers are always the best clients for developers. You constatly provide in-depth and important information for all of the readers potential purchasers. Thanks You Again! Sherman,
This is a very imformative article. Its great that you provide such detail to the fractional ownership process. Educated consumers are always the best clients for developers. You constatly provide in-depth and important information for all of the readers potential purchasers.
Thanks You Again!

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