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Timeshar cancellation
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5 Ways to Get Out of a Timeshare Contract During the Pandemic

If you’re like a lot of Americans, you might be wondering how to get out of a timeshare purchase right now. In fact, a University of Central Florida study found that nearly 87% of timeshare owners (of which there are 9.9 million) end up regretting their purchase. Now that there’s a pandemic, many people can’t afford the maintenance fees or even enjoy their timeshares due to loss of income and travel restrictions. So, what should you do if you find yourself in the same predicament? Try one of these timeshare exit strategies.

Sell It or Give It Back

You may be able to sell your timeshare or give it back by talking to a timeshare developer, a licensed real estate broker, or a timeshare reseller. However, listing your timeshare for sale can be risky. You need to lower your expectations because the resale value will probably be much less than what you paid for it due to the pandemic. You also need to be cautious about who you hire. Some resellers have high upfront fees and offer no guarantees. Ask for references, look at reviews, and research resellers thoroughly before hiring one.

Negotiate

Another timeshare exit strategy is to contact your timeshare company and negotiate. Some companies will be willing to work with you, especially because of the pandemic. You may be able to get relief from payments or you could be released from your contract. However, be prepared to pay a cancellation fee as many companies will only release you for a price.

Hire Reputable Timeshare Lawyers

If you can’t sell your timeshare or negotiate with your timeshare company, you may want to hire a lawyer. Be sure to hire reputable timeshare lawyers who have experience and transparency. Reputable timeshare lawyers will be able to tell you how they’ve handled cases like yours in the past. A reputable lawyer will also be able to provide you with references. It’s important to consult with your lawyer first to know exactly what they can do to help you.

Stop Paying Fees

Pre-pandemic, not paying your timeshare fees would be frowned upon. However, some people who haven’t had much luck getting out of their timeshares have stopped paying the fees. Some timeshare companies who haven’t been willing to negotiate could decide to offer you a cancellation option if they aren’t receiving your monthly fees. However, some timeshare companies might report you to credit bureaus if you stop paying, which can damage your credit.

Check Your State’s Consumer Protection Laws

Most timeshare contracts give you up to two weeks to cancel after you’ve signed; however, check your state’s consumer protection laws. You might still be able to get out of your contract up to three years later if you can prove deceptive trade practices or misrepresentation.

Timeshares aren’t for everyone. If you’re struggling with whether or not to keep your timeshare, especially during a pandemic, you aren’t alone. You also have several options. Weigh the pros and cons of each carefully, and do your research before hiring someone who can help.

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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