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Never pay upfront to cancel or donate your timeshare. If you do, you might be losing more money down the drain. Learn how to avoid becoming a victim of fraud when looking for relief from your timeshare purchase.
Timeshare cancellation
The timeshare industry is growing rapidly, with more companies preying on timeshare fraud victims.
If you do a search online for timeshare cancellation companies, you will find many companies that claim to help people get out of timeshares by taking them off their hands and donating them to charities or other organizations that can use the timeshare or state they can cancel the timeshare by charging an upfront payment.
When the client calls the timeshare cancellation company for a consultation, usually they are told that they can not only cancel a timeshare contract but also recover the money most times and explain how their expertise will entitle them to help you recover your investment.
The blurry thing here is that they normally charge an upfront fee for things such as taxes, appraisals, or a change of title fee. Some of these companies charge several thousand dollars in upfront fees to people who are desperate to get out of their timeshare situation.
These companies claim that this one-time fee will guarantee a quick transfer or cancellation, or there is a 100% money-back guarantee.
Unfortunately, when paying upfront to timeshare cancellation lawyers or companies, you, the client, become the weakest link again. They have the upper hand because, whatever the results, they already got paid up front.
Making a short analogy, Would you pay a salesman who promised you he or she could sell your house for a profit their 6% commission upfront? What would be the incentive for selling your house if they already got paid?
In an industry with an abominable reputation, it is imperative to take caution. You cannot walk around paying money to people who claim they can help you for whatever reason.
If you come across a lawyer or company that claims to have outstanding service and guarantee results as one of their main goals, then they should be willing to provide results before requesting a payment.
In the case of donating a timeshare to a charity, it is a noble and convenient idea; however, in practice, most charities and non-profit organizations do not want to inherit timeshares due to the high cost of maintaining them, and the low value that they hold.
It ends up costing the charities more time and money to try to rent or auction off the timeshare week, and then after incurring the cost of the maintenance fee, there is little to no profit remaining for the charity to benefit from owning the timeshare.
The timeshare weeks are often listed online at cheaper prices than the cost of the maintenance fee for one week.
In addition, the maintenance fees for timeshares continue to increase, despite the confusing language in the timeshare contracts that makes it appear that they will remain constant.
Also, many timeshare resorts are charging special assessments equivalent to the value of the maintenance fee every five years.
These increasing fees make the dream of profits from timeshare rentals even harder to achieve, and opportunities to donate to charities are very few and far between.
If a company is willing to relieve you of your timeshare fraud or accept your timeshare as a donation, it is obvious that a fee will be involved for their services.
In order to ensure that you do not get scammed again, ensure that you get a quote in writing of their fee, and do not pay anything upfront to their company or a third-party escrow company until you have personally checked with the resort to make sure that the transfer has been completed.
Our staff at Mexican Timeshare Solutions cannot stop these timeshare cancellation companies from going into business, but we are trying our best to educate victims of timeshare scams to protect themselves against further variations of timeshare fraud by avoiding paying any upfront fees.
If you have been scammed by a resort, rental or resale experience, make sure that you share your experience so that other innocent vacationers are protected from the financial hardship of timeshare scams.
You can post your comments on our blacklist timeshare companies.
Cancel your timeshare!
Mexican Timeshare Solutions does not promise to donate your timeshare or transfer your title to another organization.
After all, if the timeshare is a scam, why would you want to inflict financial and emotional harm on other individuals or charitable organizations?
The goal of Mexican Timeshare Solutions is to provide our clients with the best way to get out of their timeshare contract, by canceling the contract properly so that they can vacation on their own terms.
Contact us at Mexican Timeshare Solutions for a free consultation and analysis of your timeshare situation.
We do not charge any fees until you have received confirmation that your timeshare has been properly cancelled, so you have nothing to lose, except your timeshare!
To receive more information about how to cancel your timeshare, send a WhatsApp to +52 1 333 239 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: Timeshare Debt: Can my credit score be affected if the resort does not have my SSN?
We are in the same boat. Did NOT know what we were getting ourselves into when we bought this timeshare in 2008. We just want out of it. I would give it away in a heartbeat if I could find somebody to take it over! This "timeshare divorce" company doesn't charge anything until the transfer is complete and legal? If it is legit then we may give it a try..... We have already lost $400 on resale companies. It would be worth $1488 to get out of it!
Buenas tardes hace casi dos años compre una propiedad con el Mayan Palace y me siento completamente engañada, este año que voy de vacaciones a Mexico quería usarlo para los Hoteles y es un fiasco. LO que me afrecieron es completamente diferente a lo que me dicen ahora que tengo derecho. Es ridículo quiero cancelar mi contrato que puedo hacer?? Necesito asesoría
Deseó cancelar mi contrato con westgate resort en orlando , nos pareció interesante pero no es lo que nos ofrecieron ya hemos cancelado 3000 us pero para tomar las semanas debemos pagar 1200 más y pagar 244 por utilizarlo , que puedo hacer gracias
I would never buy one. They don’t seem like a good investment at all.
I would never buy one. They don’t seem like a good investment at all.
Buenas, compre un tiempo compartido en orlando este febrero 2014, ahora me doy cuenta todo lo explicado es engañoso que no cumplen , solo quieren sacr mas dinero y ahora me dicen que no puedo cancelarlo, me pueden ayudar que debo hacer gracias!"
How to get out of a timeshare purchase after the specified days to rescind it?
Timeshare is a mess! so frustrating when they wont let you to cancel it after 10 days, what they expect while on vacation? some Rich people are just greedy, cant believe some big resorts they ripped people off, getting consumers to pay their big resorts
Hola buenas tardes cual yo compre un tiempo compartido en Orlando solo he cancelado la cantidad de 980$ aun no he pagado ni la cuota inicial pero desde la primera semana les hice saber q quería cancelar el contrato y ello me dicen q no es posible porque aun no he cancelado ni la cuota inicial en su totalidad ya tengo 7meses de atraso y dicen q me van a afectar mi historial financiero en USA necesito por favor urgente su asesoría muchas gracias espero su respuesta
That is my idea of hell. As soon as I hear ‘timeshare’, I run the other way as fast as I can.
It is a good thing you were there a month – long vacation, as 3 hours is not as big a deal I guess as it would be if it were just a week. But I still would have been furious.
You were very smart to listen to your instincts, that is for sure.
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