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There are Several ways to get out of timesharing legally.
There are plenty of reasons why people are looking to get out of timeshare today; some might want to be free of maintenance fees, mortgage payments or, plain and simple, can't afford another payment.
But Americans and Canadians should get out of timesharing LEGALLY for once and for all. When you want to get rid of weed in your garden, you need to cut it from the roots.
It is the same with timeshare contracts. In order to be able to leave it behind and be sure a problem will not come up in the future, you should get out of a timeshare contract.
When you don't cancel a contract properly, you run the risk that the resort will come after you later, asking you not only for what you owe them but also penalties, interest and more.
There are several ways to get out of timesharing legally, and we'll go through the pros and cons of most of them:
Sell it or give it away to someone else
The demand for timeshare resale's is very low. You most probably will have to give it away or sell it for a few dollars if lucky.
Statistically, there are about 600 timeshare owners wanting to sell their timeshares to every prospective buyer in America.
PROS: Once the timeshare is in someone else's hands, you are pretty much free of obligations with the timeshare resort.
CONS: This process requires time from you, since you need to find someone to buy the timeshare. Once you find this person, you need to do the transfer process, which, in most cases, you need to pay for.
If the transfer of ownership is not done properly, you will still be responsible for any further obligations with the timeshare resort.
Give back the timeshare to the resort
Some resorts might accept the timeshare back, especially if you are over 75 years of age.
PROS: Resort takes ownership of the property, and you get out of the timeshare contract.
CONS: 99.99% of timeshare resorts don't accept the membership back for the simple reason that if you don't want your timeshare, you won't use it, but you still have the obligation to pay maintenance fees.
This is a winning situation for the resort and the reason most timeshares don't accept memberships back.
Get a timeshare relief company to take it from your hands
It is the same process as giving it away, but in this case, you pay a company to find the prospective buyer, and they take care of the transfer process.
PROS: They take ownership, and you get out of timeshare legally... if they actually do their job after you pay them upfront.
CONS: With thousands of people looking to escape their timeshare obligations, the number of timeshare cancellation or "relief" companies is increasing exponentially.
Timeshare scammers have found a new venue to take people's money; they charge owners large amounts of money to cancel timeshares.
MOST CANCELLATION COMPANIES THAT OFFER RELIEF AND CHARGE UPFRONT ARE SCAMS.
Donate your timeshare
I'm sorry to tell you this, but charities aren't accepting timeshares anymore, regardless of what other timeshare donation companies claim.
Let's face it: charities don't want timeshares for the same reason as you; Their value is almost zero!
PROS: You get out of timeshare legally... if you find a charity that will take over your timeshare!
CONS: Many consumers have called MTS seeking help with a company who offer them to get a charity to take over their timeshare and was charged an upfront fee in order to start the process, and now the company claims that the charity, for some reason, can't accept the timeshare anymore.
Even worse, people who thought that they were timeshare-free and filed paperwork with the IRS for tax deduction, are being investigated since the appraisal received by the timeshare donation company was overestimated.
How to get rid of timeshare without running credit
Cancel your timeshare contract with a company willing to work based on results.
Seek help from a timeshare attorney or a timeshare cancellation company such as Mexican Timeshare Solutions who is willing to work on a contingency basis; No satisfactory results for you, no pay.
PROS: You get out of timeshare legally and are protected since you don't pay anything until and only if you get out of timeshare legally.
CONS None
Our intention with this article is to educate you, timeshare owners, about possible scams and solutions to your timeshare needs.
If you have the desire to cancel a timeshare contract, contact Mexican Timeshare Solutions today for a free consultation on how we can help you release yourself from future timeshare obligations in three easy steps.
To receive more information about getting out of timeshare legally, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662.
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Leave your comment below and share your opinion with us. To know more about timeshare scams, go to Tatw Incorporated : Beware of Timeshare Frauds in Mexico
yo les recomiendo por experiencia propia que no se compliquen aun mas y contraten a alguien que se haga cargo, siempre es lo mejor arreglarlo todo de forma legal!
apoyo al 100% este articulo, lo mejor siempre es ir por el lago legal, ademas que siempre viene bien un poco de ayuda de alguien especializado en esto
A timeshare may not technically fit the definition of scam, but much like horseshoes and hand grenades, it's close enough. I have to wonder about a legitimate product being sold by shady and deceptive practices. After running the numbers on a few timeshares, I was appalled at how expensive they really were.
A few years ago I was at the Planet Hollywood, then a Starwood hotel. The front desk told me to go to such and such desk to obtain my Platinum amenity (a welcome gift for being a frequent guest of the chain). When I got there, it was to sign up for a timeshare presentation; and pay for the privilege. I was pretty pissed and declined. They were shocked. Oh well. Not my problem.
Another time, a bankruptcy client of mine had a timeshare that he paid $45,000 for. A few years later, it was selling on the resale market for $3,000
i'm gonna let a lawyer to help me with this thing, it's the best thing that i can do!
Time shares are money pits and many of them are fraudulent. Stay away from them. You can only lose.
Have 2 timeshares that I would love to get rid of.
Timeshare should be stopped! There should be more laws that will protect the timeshare owners. So, if you're getting rid of your timeshare, just make sure that you're dealing with the right and credible company.
I completely agree with the article, the best way to out of many problems with a timeshare, is to cancel it, and better yet, legally.
We bought time share 2005, after a year unexpexted final crises happpened, we did not use it,exceptone year. but we paid the loan in full, and the maintanance and tax fee all the past years. but we could not affored to pay the maintenance and tax fee. We tried to sell it twice. unfortunatly lost our money by selfish scamers. Is there any idea how we could avoid maintenance and tax fee because we could not afford pay and use it or any other solution even to sell it with very lower than we bought.
There are very many options for getting out of a timeshare, there is always the option to cancel, but also sell it, rent it or donate. I agree that everything you do, always be in a legal way.
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