Vacation escrow service provides security

0 Members and 1 Guest are viewing this topic.

Newshound

  • Guest
Vacation escrow service provides security
« on: March 18, 2004, 19:26:13 »
RedWeek.com, a large timeshare marketplace from the founder of Classmates.com, now works with Chicago Title to provide both vacationers and owners greater security for private rental transactions. Travelers can find considerable savings on larger accommodations by renting a resort condominium directly from a timeshare owner. But renting from a private party sometimes causes apprehension.

RedWeek.com overcomes this by adding a convenient third-party handling service for its members wishing to make a cost-saving direct transaction. The service is called "Vacation Escrow," and Chicago Title orchestrates obtaining signatures for the Timeshare Use Agreement, collecting the deposit and final payment from the resort guest, and disbursing the payment to the owner based on the agreement.

Chicago Title is the largest title insurer in the world, with the National Timeshare Division exclusively servicing the timeshare industry.

RedWeek.com is a member-supported site where travelers can find bargains at roomy resort condominiums, and timeshare owners can post units to rent, sell or trade. The site has thousands of destinations worldwide with rental and sales deals, plus an e-mail notification service to watch for new postings at specific resorts. There are traveler-posted ratings and reviews, a vacation want ads area and a search function.