The Truth About Exiting a Timeshare Deal

How to Navigate the Truth About Leaving Your Timeshare Contract

In life, we all need a vacation from time to time. Vacations allow us to get away from our busy schedules, lounge somewhere nice, and be able to enjoy the sunshine or chat with our families. In an ideal world, everyone would have a vacation property somewhere that fits their preferences and budget. But since we do not live in an ideal world, many subpar alternatives exist in order to try and give people this experience. One of these alternatives is a timeshare, which can be extremely difficult to get out of.

In a nutshell, a timeshare is a limited ownership of a property, divided by time. In theory, it allows many different people to have access to a wonderful vacation property at little cost and maintenance. In reality, timeshare leases and contracts operate more like gym memberships — they are extremely burdensome and can be difficult to exit legally, leading people to frantically figure out how to get out of a timeshare deal.

Thankfully, all hope is not lost and there are legitimate ways to initiate a timeshare cancellation or sell your timeshare on the open market. Enough people have been burned and burdened by timeshares that a unique industry of timeshare exit and support services has sprung up to help these people. In this article, we’ll go over some of the recourse that you might have if you’re wondering about how to get out of a timeshare deal. With any luck, we’ll provide you with the keys to exit the timeshare trap you’ve fallen into.

See If You Have a “Cool Off Period”

A common trope that both excites and terrorizes timeshare buyers is that timeshare cancellation is all but impossible, meaning that it is simply easier for buyers to keep paying month after month, year after year until they can dispose of the contract in death. This is completely false. Many U.S. states have what are called “cool off periods” that allow people to cancel such purchases a short time after buying them. For example, Florida allows new timeshare buyers to cancel their purchase within ten days. Depending on your local laws and governance, you may have a similar option.

Find An Organization That Specializes in Timeshare Contracts

If you’re not legally minded and can’t make heads or tails of your local timeshare laws, there is no need to frantically wonder about how to get out of a timeshare deal. Instead, keep a calm head and start contacting local lawyers who specialize in contract law or find one who works for a timeshare exit strategies organization. Since timeshares are their focus, there is usually an exit point at some way or time. This may not prevent you from paying fees or penalties, but with a reputable timeshare lawyer on your side you will be shelling out far less than what you would to cover the cost of a timeshare.

Ask the Company for 100% of the Information Related to Your Purchase

Although it may seem like you’re asking the devil for a match, remember that the company that sold you the timeshare is legally obligated to provide you will all the information related to it. Even if you can’t read or understand the information provided to you, it will still be useful to pass it on to someone else to help find out how to get out of a timeshare deal. Many timeshare owners do this, with 95% of all buyers going back to their resort and sales team for more information after the sale, usually within one to three days, seeking more information about maintenance fees, resale options, and pricing alternatives. Once you have the complete information about your purchase, you will be able to figure out your next steps and make the best decisions for your family.

Don’t Despair, Take Action!

Although you may feel taken advantage of in your timeshare purchase, there is no reason to despair. There is always a way out, and many timeshare owners sell theirs on the open market with little to no hassle. Contact Lonestar Transfer today to find out what your options are for getting out of your timeshare deal.

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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

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.

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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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