Which Timeshare Exit Strategy Is Right for You?

Personalized Timeshare Exit Strategies: Which One Works Best?

One of the best ways to initiate your timeshare exit strategy is to talk with the resort itself. However, when you contact them, don’t talk to just anyone. Find out who deals with cancellations and talk to that person. While they might not want you to cancel, they are probably your best option when it comes to cancellation information. Other than that, here are other options for your timeshare exit strategy.

Stop Paying

Cost is one of your major worries when dealing with a timeshare cancelation. The average price of a timeshare interval is more than $21,000. So, if you take a mortgage at a 10-year loan with a 17.9% interest rate, you might end up paying more than $41,000 for your timeshare. However, before you just cut off payments, you must first take stock of your situation. If you borrow money to finance the property, and you are not done paying, just cutting off payments will have a negative impact on your credit score.

You must understand that the creditor doesn’t need to know what’s happening with your timeshare. All they need is their money back. If you borrow money and fail to pay it back, the creditor might submit your case to the credit bureaus. If you have your credit situation sorted, you can then stop paying. Often, this is the push that resorts need to let you cancel your timeshare. This is because, to them, accepting your surrender costs less than trying to foreclose on your property.

Offer it on the Resale Market.

This is another good timeshare exit strategy. While you might not get a lot of money for it, at least the buyer will now be responsible for the timeshare and fees. There are many sites where you can look for buyers. However, there are two main ones that may get you the buyers you need without a lot of hassles. These are Timeshare Users Group and Redweek.

Find a Company That Helps With Timeshare Exit Strategy

If you take this route, you must be very careful. There are companies out there that will take advantage of your situation. These companies employ a lot of hard-selling tactics and fear-mongering. Some even lie that your kids will have to keep paying the fees if you pass away. Also, if any company requires you to pay upfront for their services, chances are you are working with a scammer.

These are some of the timeshare exit strategies you can use. Whichever method you pick, ensure that you research it properly. Once you have all the information you need, you can then move forward with your cancelation.

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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.