Put simply, the closing process involves the transfer of ownership from seller to buyer. The buyer begins by signing a legally-binding purchase agreement, in which all the details of the listing have been fully confirmed with the resort. Next, a deposit is transferred into escrow, where funds are held until all remaining documents have been signed. Finally, once the remaining balance of the purchase price has been paid, ownership of the timeshare or fractional property is officially transferred from the seller to the buyer and payment funds are released from escrow to the seller.
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