Private resale- Transferring Membership

[CoachTI]

I am purchasing a contract from a friend. Is anyone familiar with the process of changing the deed to add my name and remove hers? I believe this needs to be done through a title company along with a ROFR waiver still being submitted to Disney. Anyone have any experience here? Thanks.

 

[CarolynFH]

LT Transfers, https://www.lttransfers.com/, can handle that for you. They've done multiple gratuitous transfers for our family but are not restricted to handling those.

 

[Frederic Civish]

Even if it is a private SALE, if it is a sale at all, then DIsney gets to have right of first refusal. And if they are selling it to you for a very low price, Disney is likely to take it from you. As I understand it.

If they are TRANSFERRING it 'gratis' or whatever the legal term for that is, and if you do not have an actual 'sale' then Disney's right of first refusal doesn't apply. So, keep that in mind when you decide to set up the terms of the sale, or transfer.

I SUPPOSE you could always make some 'side deal' and not have a legal sales contract, but then you are getting into some fairly 'squirrely' areas and don't have a lot of legal protections.

Once they have decided to transfer it to you, you can go online here on this board and find out how to do the whole transfer yourself. Or you can find a title company or broker or someone who will do it for you. Typically they charge anywhere from a few hundred dollars to up to a thousand dollars or so. But it is quite possible to do it yourself.

 

[CarolynFH]

Let me clarify that LT Transfers can handle ROFR and a sale just as efficiently as they handle gratuitous transfers.