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Timeshare Cancellation

Timeshare Cancellation

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When you first decided to buy a timeshare, your decision was most likely based on a sales presentation that showed you the pros of ownership with none of the cons. Such presentations often paint an unrealistic picture of timeshare ownership, and some even border on fraud because of the lies that are told and the high-pressure sales techniques that are used.
You were probably told that purchasing a timeshare would be a smart investment that would benefit you for years to come. Now that you own a timeshare, though, you may be suffering from the huge financial burden that it places on you and your family and are wondering if a timeshare cancellation would make sense. To help you with that decision, here are some important facts to consider:
  • Do Your Fees Keep Increasing?
  • Do You Feel Lied To?
  • Felt Pressured Into Buying?
  • Feel Like There is No Way Out?
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Timeshare Ownership Is a Bad Investment

There are different types of timeshares. Although your timeshare contract may have given you partial equity in the underlying property, you most likely bought only the right to use that property for a specific amount of time every year. Your timeshare is therefore likely to depreciate in value because potential buyers will be drawn to newer properties that offer more amenities.
Your investment is also very illiquid. Unlike investments like stocks that can be sold almost immediately for cash, your timeshare may be very difficult or even impossible to sell. This means that you may not be able to convert your investment to cash should the need arise. Ownership becomes even more of a bad investment if the purchase was made by using a high-interest loan.
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How to Get Out of a Timeshare
Timeshare Exit Team

Unexpected Fees May Increase Your Future Ownership Costs

Some resorts do an inadequate job of maintaining their property. They let it degrade to the point that maintenance costs skyrocket, and they may try to recover their costs by charging you excess fees. Even with proper maintenance, costs and fees typically increase from year to year because of inflation. You may also be expected to bear a portion of the cost to repair buildings and other facilities damaged by severe weather like hurricanes, tropical storms and tornadoes.
Additionally, you may be saddled with special assessment fees for such improvements as an upgraded lobby, the addition of sports facilities or rewiring buildings to improve internet speeds. Resorts have even been known to charge special assessment fees to upgrade facilities so that the resort could be sold at a higher price.
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Timeshare Ownership May Place a Financial Burden on Your Family

Your timeshare purchase contract most likely contains a perpetuity clause. This could have been touted as a benefit when you purchased the timeshare because your spouse and children would continue to enjoy the use of the property in the event of your death. However, a perpetuity clause has several distinct disadvantages. The first is that you are still responsible for paying fees even if you become unable to use the property because of advanced age or physical disabilities.
You also should know that your spouse and children will inherit the fees that you are presently paying, and that could be a huge financial burden they are not expecting. If your family is unable to meet those obligations, the resort may foreclose on their property, which would inflict further damage on their financial future.
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Timeshare Exit Strategy
End Timeshare Contract

Don't Expect the Resort to Help You with Timeshare Cancellation

Most resorts do not want you to sell, cancel or otherwise exit your timeshare because they depend on your fees to keep them in business. If you approach them for help, they will probably tell you that you cannot exit your timeshare after the rescission period as specified in your contract. In other words, they will say that you are legally obligated to honor the contract or contracts that you signed and have no recourse.
They may even threaten legal action if you attempt a timeshare cancellation. If you inquire about selling your timeshare, the resort may quote you an artificially low price in order to discourage you because they would rather sell their timeshares than to assist you in selling yours. After all, that is the business they are in.
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You Will Most Likely Need a Timeshare Lawyer to Exit Your Contract

While it is possible to perform a timeshare cancellation without a timeshare lawyer, there are many benefits to hiring one. First, a timeshare lawyer will quickly be able to spot any illegal clauses in your contract, which could serve as grounds for a timeshare cancellation. A timeshare lawyer could also help to speed up the process of exiting a contract or reaching a settlement agreement. This could save you a considerable amount of money in future fees.
A timeshare lawyer can also provide protection from debt collection agencies if you fall behind in your payments. The debt collection agency would be forced to deal with your lawyer rather than with you. You will also be under much less stress if you hire a timeshare lawyer rather than attempting a timeshare cancellation on your own.
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Timeshare Exit Lawyer
Timeshare Lawyer

Get the Help You Need Today

If you regret buying a timeshare and would like to know more about how to cancel your agreement, contact Exit Timeshares today for a free consultation. One of our experts will be glad to discuss your situation with you to see if you qualify. If so, we will explain the process in detail so that you know exactly what to expect.
During our 18 years of helping more than 20,000 clients cancel their timeshares, we have been awarded with 140 positive reviews without having received one single complaint from a client who used our services. Additionally, we have received an A+ rating from the Better Business Bureau and offer a 100 percent money-back guarantee.
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Frequently asked
questions

  • How much does it cost to cancel my timeshare?
    Right now our service doesn't cost you anything. If you qualify the Senior Adviser will be able to tell you exactly what the cost will be. They will also review our Guarantees, and explain how we're going to get you out of your timeshare. At that point you'll have all the information you need to make an informed decesion.
  • How long does it take to cancel my timeshare?
    The amount of time that it takes to relieve you of all financial, and legal obligations of your timeshare varies. Every case is different but the good news is that if we decide to take on your case we offer you a 100% money back guarentee.
  • How can I trust you?
    We are 4.5 Rated on Google and have helped thousands of timeshare owners. We stand behind our clients and walk with them every step of the way.
  • How do I know if I qualify?
    During your first conversation with us we'll gather basic information regarding your timeshare contract, and ask qualifying questions to determine if you have a strong enough case.

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