We now offer a secure and convenient, third-party handling service with First American Title’s Vacation Ownership Services for members wishing to make a rental transaction. Using First American Title’s service, members can transact rental agreements with other members, without the usual security concerns that may be associated with private transactions. The service is available for rentals made at least one week in advance.
1.The two members come to an agreement on a rental price.
2.The renter completes the online rental agreement and escrow instructions.
3.Owners will receive an email from the title company with a link to the agreement started by the renter. The owner will review and complete the application information and then submit the agreement.
4.The title company contacts the resort to confirm the reservations are booked. This is to protect the renter and make sure they are getting what they have requested.
5. Once First American Title Company confirms the information matches they will contact the owner and either issues the funds via check which takes 3-5 business days or by direct deposit which takes 1-3 days depending on your bank.
Why First American Title?
First American Title Insurance Co.’s National Vacation Ownership Division (NVOD) is part of the First American Corporation, a Fortune 500 Company that has been in existence over 100 years. Our specially trained staff is just one of the many reasons First American Title Insurance Co. is an innovator in the vacation ownership industry. We understand the unique needs of the timeshare/fractional customer.
First American Title Insurance Co. acts as escrow holder and orchestrates obtaining signatures for the Rental Agreement and Escrow Instructions, collecting the deposit and final payment from the Resort Guest, disbursing the payment to the Owner based on the agreement and, when applicable, coordinating the disbursement after RedWeek.com determines results of any complaint. You can have peace of mind knowing that your monies will be held in trust by First American Title Insurance Co.’s National Vacation Ownership Division.