How to Legally Get Out of Your Timeshare Contract During a Pandemic

Legal Ways to Cancel a Timeshare Contract in Uncertain Times

Approximately ten million households in the U.S own a timeshare, and 850,000 were willing to sell within two years before the current pandemic. Most young people looking to get out of their contract wish to do so because they inherited it and can’t afford the management fees. Additionally, other people want to sell because they have not been able to swap properties as expected.

If you purchased a timeshare and regret the decision, there is still hope for you. Maybe you were unaware of the extra costs, or the deal was too good to be true. Without buyer’s remorse, it may be difficult to get out of your contract. But with a reputable timeshare lawyer, you can legally cancel your timeshare. So, here’s how to get out of a timeshare purchase.

Timeshare Exit and Cancellation

You just bought a timeshare, and reality has kicked in — you need to exit. If you want to know how to get out of a timeshare, here is how to do it.

Take Advantage of the Retraction Period

Every timeshare contract indicates the period you have to rescind. Ask your timeshare lawyer to go through your contract and draw a cancellation letter to deliver it in due time.

If your information is not accurate, then your timeshare cancellation may be invalid. Also, it is less costly.

Contact Your Developer

A deed-back is another tip on how to get out of a timeshare. It means losing more, but at least it will be the end of those additional fees. It is advisable to be honest with your developer to get buyer’s remorse. This step is recommendable, especially for young people who inherited or seniors who have been affected by the pandemic.

Sell Your Timeshare

This choice might not be the best, but it may work. The process is complicated as compared to other options, and you stand to lose some money. The reason being, resale timeshares go for fifty percent of the original price –- if you’re lucky! Others resell for twenty or thirty percent. If you choose to sell your timeshares, be prepared by setting low expectations.

Gift it or Rent it

The best time to rent your mortgage on a timeshare is if you suffer unemployment, financial instability, or if you find the maintenance fees too high during this pandemic. There are many platforms where you can rent. If you find it too wearisome, gift your timeshare to a loved one or a friend. You should always confirm with your attorney before a timeshare exit. Illegal cancellation will have consequences.

How to Get Out of a Timeshare Purchase Using an Attorney

At the end of the day, the best advice on how to get out of a timeshare purchase will come from a trustworthy and expert attorney. If you are out of the rescission period, then you need a timeshare lawyer even more.

Hiring a timeshare cancel service is for people who have no option and believe they have permissible advantages over their developer. If you want to get out of your timeshare, get in touch with Lonestar Transfer today and request a free consultation.

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Why Trust us

How does Lonestar Transfer get me out of my timeshare contract?

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

How much does it cost to exit a timeshare?

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.

How long does it take to exit a timeshare?

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.

What if I'm in a Recession Period?

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.

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Why are timeshares difficult to cancel?

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.