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Let’s admit it: Time share scams are on the rise, and trying to get out of the contract can be a big headache! The truth is, however, that a time share can be a good-quality purchase for those who enjoy revisiting the same vacation spot every year, but certainly not for most people.
Unfortunately, timeshare presentations are awfully stressful, and most people who attend one of them end up signing the contract without even knowing what they are getting into. You might be one of those people.
Read the following paragraphs to learn more on how to terminate ownership of a time share.
Time share Ownership
Before getting started, we first have to understand how fractional ownership works.
Timeshare ownership is basically the right to use the resort for a certain number of years—usually from 5 to 50— during a specific week of the year.
It is very important to highlight that a time share is a purchase and not a financial investment, given that you have to pay the initial purchase price plus the periodic timeshare fees, whether you use your unit or not.
The Biggest complaints about time shares
These are the biggest and most common timeshare complaints:
- Timeshare maintenance fees are too high, and they increase every year
- Timeshare salespeople are rude, and the sales presentations are misleading and high-pressure
- The contract does not state clearly how to terminate ownership of a time share
- Time shares are not easy to swap, sell, or rent
- You have to make reservations almost a year earlier to be able to use it
- The salespeople sell it as the best time share, but it is the worst.
How to terminate ownership of a time share
These are the easiest ways to terminate a timeshare contract:
Sell your time share: Although it could be the easiest solution, the truth is that time shares are not easy to sell, in fact, it is almost impossible to sell a timeshare.
The resale market is low, and the supply exceeds the demand enormously.
Transfer your time share: Timeshare transfer is not an easy process, and it may be more trouble than it’s worth.
You have to find someone who is willing to take on your time share, and that can be an unfeasible task.
It also involves a lot of negotiations with the resort and some lawyers, which can take many years.
Donate your time share: Charity organizations are not taking time shares anymore for the simple reason that they are not willing to take on the yearly fees and other expenses that a time share might generate.
Time share cancellation
Without a doubt, timeshare cancellation is the best and easiest solution to get rid of an unwanted time share.
Once the contract is properly canceled, the strings attached to the resort will be gone forever.
Nevertheless, it is important to do the cancellation through the right people.
There are many timeshare cancellation professionals who ask for an upfront fee, and then they disappear.
At Mexican Timeshare Solutions, we assist timeshare purchasers who were scammed fraudulent timeshare companies.
As specialists in the timeshare industry, we are committed to offering professional help in a fast, friendly and experienced service to clients.
We do not request any upfront fees, meaning if our associates cannot cancel your timeshare contract successfully, you do not pay us a penny.
Contact MTS today for a free consultation, and get out of your time share as soon as possible!
To receive more information about how to terminate an ownership of a time share, send a WhatsApp message to +52 333 239 6589, fill out the form in the contact section, or call us at +1 714 277 3662.
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Leave your comment below and share your opinion with us.Do you know How to terminate ownership of a time share? To know more about time share cancellation visit:
Cancel a timeshare – Tips to get rid of it
Timeshare cancellation companies
We have a timeshare in Mexico, Sunset World Resorts-Cancun...located Club Sunset-Fisherman’s Village at Playa del Carmen. It is a two bedroom lockout with a kitchen for one week interval or split in to one bedroom for two week intervals. Anytime during year except Easter, Christmas and New Years.
We have owned it for appx 18 +yrs, all paid for...maintenance is $1100 yr. I am now 67 yrs old, retiring, will no longer be traveling to Mexico, kids all grown and not interested...looking to reduce expenses.
buying a timeshare through Wyndham I would have the best options available to vacation anywhere, anytime. That I would find it so much easier to book and take advantage of all of the great and many benefits that owning your timeshare would bring me. I even tried to upgrade, or what I thought and was told was an upgrade, please dont felt on this
nosotros hemos intentado dicha cancelacion y no hemos logrado nada, estamos muy desesperados, espero y nos puedan ayudar, no podemos seguir pagando la membresia.
Hola, el día de ayer adquirí un tiempo compartido con pueblo bonito en los Cabos, por los comentarios que he visto en Internet parece ser una mala opción, sin embargo, en el contrato no encuentro la política de cancelación de 5 días que se menciona es por ley, en caso de no tenerla en el contrato como se puede proceder?
Saludos
Could be the worst idea ever acquire a timeshare, dont hesitate to clear your doubts with the timeshare field, of course timeshare is not a good deal , please avoid timeshare because the most complicated thing that you could ever do is to quit your timeshare once you bought it.
years ago i wont be able to answer how cancel my timeshare membership , fortunately we did it, and no matter how we tried to quit the only option was the cancellation of the contract , no middle terms, just cancel you timeshare contract and save up your money.
So does anyone have any idea of how to get out of one of a timeshare without having to actually paying like $5K to someone who will agree to take it over?? My fiancée bought one in Cabo San Lucas – and now pays about 900$ maintenance fee a year, it’s been paid off in about 10 years and so far he’s used it ONCE in all that time. but there seems to be no way of getting out of it again. So any help will be appreciated
i really need to cancel my timeshare, i can't pay it anymore because im tired of them!
I've been taken in by one of these outfits. My bankcard has been charged BUT I have not yet signed & returned their contract. Since they don't have a signed document, is there any hope that I can stop the charge on my bankcard?
So does anyone have any idea of how to get out of one of those timeshares again without having to actually paying like $5K to someone who will agree to take it over?? My fiancée bought one with his wife about 15 years ago – Kauai, Princeville – and now pays about 900$ maintenance fee a year, it’s been paid off in about 10 years and so far he’s used it ONCE in all that time. but there seems to be no way of getting out of it again. So any help will be appreciated
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