Vail Run Community Association
Sale of Unit Documentation Requirements
A good general rule of thumb, you should ask questions and think twice when any agency or company asks you for money upfront when you are attempting to sell your timeshare. As many of you are aware from the news, from solicitations and information from trading companies there are several companies and individuals who state they will take over your timeshare for money and then they fail to pay Vail Run or transfer the ownership of the timeshare to an individual or other entity who does not have the credit or income to pay for the unit. Vail Run is not the only Timeshare Association which has had issues with fraudulent resale transactions. In order to help protect you as an owner of a Vail Run Community Timeshare and as an individual owner and the Vail Run Community Association your Board of Directors has adopted the following policy regarding sale of units by owners.
“Not later than (30) days before the voluntary or involuntary sale, transfer, or assignment of any Vail Run Community Association Timeshare Interval ( use week) the current owner or their authorized escrow agent shall submit a Vail Run Community Association Ownership Estoppel request, a Company Resolution from the proposed transferee ( signed and notarized by the Secretary, if a Corporation, Trust, or Company, along with the By-laws of the entity ), a Vail Run Community Owner Application from the proposed transferee and a pro forma of the conveyance document prior to its recordation in Eagle County Colorado. In the absence of such notice and required documentation, and prior to the Association’s written approval of the recordation of the conveyance documents, the Association shall not be required to recognize the transferee for any purpose and the transferor remains responsible. Prior to receipt of any such notification and documentation by the Association, and any and all communications required or permitted to be given by the Association shall be given to the owner.”