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How to Get Rid of a Timeshare Legally

Alternative Ways to Get Rid of a Timeshare

At one point in your life, you may have been persuaded to buy a timeshare. It doesn’t seem like a bad idea at first, especially if you can’t purchase vacation property of your own. There are 1,580 U.S. resorts and 204,100 units as of 2019 that identify as timeshares, giving you seemingly limitless possibilities to exchange, use, and craft as your very own fractional share of heaven.

Yet you have probably been made painfully aware that timeshares are not the greatest idea to invest in, and are actually far from an investment. Unlike property, which usually appreciates over time, timeshares tend to lose value and are often sold on secondary markets for much less than their owners paid for them. In this article, we’ll give you some alternative ways on how to get rid of a timeshare legally so that you can get back your freedom, money, and peace of mind.

Give It Away

Did you know that you can just give your timeshare away? As long as you’ve paid off the principal amount for your timeshare, you are free to sign over the deed of the timeshare at any time to anyone you choose. As long as they agree to the deed and are made aware that there’s an annual maintenance fee, you no longer have to wonder how to get rid of a timeshare legally. It is perfectly legal to deed your timeshare to someone else entirely. Whether or not you accept payment for this is up to you, but most people simply want to be out.

Stop Paying the Maintenance Fees

If you have recently purchased a timeshare and are still making payments on the principal, then unfortunately this paragraph isn’t for you. However, if you’ve paid off your timeshare and are wondering how to get rid of a timeshare legally, this simple tactic may pay off. Since most timeshare companies make their money off of you paying annual maintenance fees, they are left in the dark when you cease to pay these fees. Unlike a mortgage or other line of credit, these payments are not seen as delinquent by most credit reporting agencies. If you stop paying the maintenance fees on your timeshare and request to be removed/exit from the timeshare, most companies will acquiesce to find another customer. Tread carefully with this tactic, and depending on your contract you may still want to consult someone for legal advice.

Work With a Timeshare Exit Service

If all else fails, you can start looking for timeshare exit and support services online and elsewhere. Companies such as Lone Star Transfer and others are chock full of friendly people who understand that you simply want to be out from under the burden of a timeshare that you’ve bought into. Reputable timeshare exit services will typically have a reputable timeshare lawyer on hand who can help you navigate many of the legal loops and tricks that can be built into timeshare contracts. If nothing else, they may be able to sue on your behalf to be released from the contract for a fee or settlement of some sort. Hopefully, it does not escalate to this and you are able to make a clean break.

Hidden Ways Work Wonders

Just because information isn’t mainstream doesn’t mean it does not have validity to it. Information about timeshares and how to exit them is hidden for a reason — the companies want you to keep paying outrageous maintenance fees year after year so that they can make a healthy profit. Contract law is very clear about signing your name as affirming that you have read the contract, but unfortunately most people aren’t lawyers and do not have the capabilities to understand what they are signing. They simply trust the timeshare company to do as they think they would do unto others and give them the best of intentions. By giving away your timeshare, stopping payment on the maintenance fees, or seeking a timeshare exit service, you find out exactly how to get rid of a timeshare legally in a way that works for you. It’s never too late to correct a mistake, so don’t get down on yourself just yet. Keep pushing until you get your freedom and money back!

Why Trust us

Timeshare exit call to action

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

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

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.

Call our office today

For more detailed information

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