| Life Oasis for Children works with you to transfer your ownership out of your resort. Guaranteed deed transfer. We actually take over ownership of your timeshare. This process only takes about 45-60 days to complete. If you wish to proceed, we'll draw up the documents from the deed you fax us, you'll get the documents in the mail. You sign, notarize, and mail them back in a prepaid envelope. When we get them back it goes into recording with the county clerks office where your timeshare is. You'll be notified of the transfer once its completed. YOU DO NOT HAVE TO WAIT FOR
US TO FIND A BUYER BEFORE YOU GET OUT OF
YOUR TIMESHARE. SIGN, NOTARIZE, AND WE WILL
GET IT RECORDED FOR YOU! IT'S AS SIMPLE AS
THAT! Since we take care of the transfer process and paperwork for you, the hassles of taking care of this on your own are solved.
When donating your timeshare to charity, you will need the following information to ensure a smooth transfer of the timeshare to the charity:
° The name, address, and phone number of the
resort
° The timeshare deed or certificate
° The contract or membership agreement
° The financing agreement, if you're still
paying for the property
° The information to identify your interest
or membership
° The exchange company affiliation
° The amount and due date of your
maintenance fee
° The amount of real estate taxes, if billed
separately
By having all this information, it will
speed up the process of the timeshare
transfer. We will work with you if you're
missing some of the information above.
You are allowed to deduct
the "Fair Market Value" of the timeshare on
your taxes if you itemize your tax return.
Once the transfer of ownership to the
charity is complete, your chosen charity
will send you a receipt as proof of your
donation. The receipt usually will not have
a value on it - the fair market value is
determined by you and your tax preparer, but
you must get an appraisal for the timeshare
if you decide to claim the fair market value
of the timeshare above $5,000. Note that
appraisals for timeshares can be quite
expensive with most costing more than $500.
If you need to get an appraisal for tax
purposes, get it in writing that the
appraiser will guarantee their appraisal
amount for the timeshare in tax court. You
can read more information regarding
charitable donations at the
IRS Website.
Timeshare owners also
frequently want to know if they can donate
the use of the timeshare for one week to
charity. This tax question usually arises
when for some reason the timeshare owner is
unable to use or rent out their week and
will lose it. Unfortunately, the Internal
Revenue Service doesn't allow a deduction
for a gift of "right to use" Rental.
Donate Your Timeshare Process:
° The donor submits the donation form on our
website, or calls us to help at (800)
863-7065.
° Print the Consent and Donation Agreement
from the Forms
section of our website, fill out and fax to
us at 866-308-9608(or scan and email back to
lifeoasisforchildren@yahoo.com).
° Our closing agent will then contact you
within a few business days to start the
donation and the transfer process.
° Once the transfer is complete, you will
receive your receipt from the charitable
organization.
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