Timeshare Get Out

There are many reasons why people want to make their timeshare get out of their life, but the means of doing so are finite and include timeshare contract cancellation, timeshare resale, timeshare lawsuits, timeshare donations, and timeshare foreclosure.

Timeshare contracts are binding and as with all deeded timeshares, require owners to make annual payments on all fees for the span of their lifetime. After death, timeshare deeds transfer to heirs who are legally obligated to continue payments. Therefore, timeshare resorts will not cancel timeshare contracts because it will mean ending a steady and infinite source of income. Thus, timeshare contract cancellation is impossible unless the owner was forced and under duress to sign the timeshare contract. Unfortunately, high pressure sales tactics are not considered illegal when used on competent and lucid minded buyers.

Unable to cancel their timeshare contracts, many turn to timeshare resale often through professional timeshare resellers. However, timeshare owners should note the timeshare resale industry is still quite “immature” and many unsuspected owners end up in timeshare resale scams. The demand market for timeshares is diminishing since 2007 and with more than 75% of current timeshare owners trying to get rid of their timeshares, it is safe to say that many will be stuck with their timeshares due to lack of interested buyers. Timeshare resellers fail to disclose such information and instead charge customers upfront without any guarantee of a successful timeshare resale. This is because these are extremely few in numbers.

Some timeshare owners feel like they are in an unfair contract and try to get rid of their timeshares by hiring timeshare attorneys. An important note to keep in mind is timeshare contracts are most often legal and the timeshare industry would not have survived since the 1970’s to now if the terms of all their timeshare contracts are illegal. In addition, the cost of hiring an attorney to even review a timeshare contract for a few hours could result in thousands of dollars with no guarantees that they can help. If there is the chance of a case, a lawyer will charge thousands more on hours of research, preparation and court appearances. This is not including the costly fees the court would charge. Timeshare owners looking for ways to get out of timeshares should resort to timeshare lawsuits only if they have the financial means and time to pursue such matters.

Charities accepting timeshares are another way of getting rid of timeshares. While they do exist, these organizations are few in numbers and will only accept timeshares they can resell for profit. Since timeshares are legal and financial liabilities, charities accepting timeshares will not accept ones they cannot sell within a few weeks. If a charity cannot resell the timeshare, and they are mostly likely unable to if the owner and professional resellers cannot, it will be returned to the owner who will still be responsible for paying off all fees and taxes.

Although it is not recommended even as a last step, there are timeshare owners out there who resort to timeshare foreclosures to get rid of timeshares. Due to the nature of timeshares, they are treated as real property and taxed as such. Therefore, if a timeshare owner defaults on loan payments to a timeshare or even timeshare maintenance fees, they will face foreclosure after a period of 6 months to 2 years (depending on the policy of the timeshare resort). Meanwhile, such timeshare owners will face endless daily calls and letters from the timeshare resorts collection agency with notices and warnings about late timeshare maintenance fee payments. Once a foreclosure is complete and the timeshare is sold at a public auction, all major credit bureaus and the IRS will be notified and the credit of the foreclosed timeshare owner is ruined for the next 7 years. In addition, due to the lack of demand for timeshares, the auctioned timeshare will most likely sell for less than what is owed to the deed. This will result in a loss to the resort and they have the option of suing the former owner for the balance. Hence, unless a timeshare owner does not plan any major purchase (cars, house, etc.) and are willing to face a lawsuit against the resort, a timeshare foreclosure should never be considered.

For people who are unhappy with their timeshares and wondering how to escape from their timeshare contracts, the solutions are minute in number and vary significantly in success rating. If you want to make timeshare get out of your life in order to stop timeshare maintenance fees and the yearly commitment you can no longer afford, it is worth it to take the safest and most proven route—Timeshare Relief. Timeshare Relief is a timeshare transfer company that is the first and only of its kind. Unlike timeshare resellers who charge fees upfront just to list your timeshares on their site with no guarantees of a successful timeshare resale, Timeshare Relief only accepts timeshares that they can transfer and charges a fee only with completed timeshare transfers.

Featured TSR
Consumer Advisor

Laura Crafton

In her role at Timeshare Relief, Laura is dedicated to helping people escape their timeshare contracts, and considers herself extremely blessed to be in a position to do so.

Corporate Headquarters

2239 West 190th Street
Torrance, CA 90504

1-800-588-1582