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Getting out of a timeshare contract is not as easy as it sounds. Financial obligations were made, and the resort developer will not let you off the hook very easily.
Learn the most secure way to unload a timeshare that only gives you headaches.
Thousands of International travelers, particularly from the US and Canada, have fallen victim to timeshare fraud while vacationing in Mexico.
Resort developers hire skilled salesmen to represent their timeshares as many different attractive packages, such as financial investments, deeded properties, or vacation clubs, just to increase their sales.
Unfortunately, these promises are normally made verbally, and the clients end up being disappointed by their purchase, which turned out to be nothing they were promised.
In desperation to get rid of their timeshare, they research different options to try to resolve their timeshare fraud issue.
Getting out of a timeshare contract, option 1
Many timeshare developers sell their timeshare packages as a financial investment.
They claim that their properties are in constant demand by travel agents, and that the rentals are guaranteed if the client signs up with one of their affiliated brokers.
Most times, these companies do not perform the rental of timeshare weeks, and the client is left even more frustrated with the intent of getting out of a timeshare contract.
Getting out of timeshare contract option 2
Selling their timeshares to someone else
During the sales presentation, many salesmen will claim that if the client is not completely satisfied, the timeshare developer will buy back the timeshare for an attractive percentage of the fair market value.
In reality, timeshare developers do not buy back their timeshares.
They may refer the timeshare owner to a third-party resale company, who operates similarly to the rental agencies that collect fees to list the property, and then never follow through on the sale.
We have also heard recently of clients who have listed with a resale company that claims to have a purchase offer from an actual client.
Be careful, as these resale agents tells the client that they are required to pay the Mexican IVA taxes for the sale into an escrow account.
In a matter of days, the client is supposed to receive their payment from the purchaser, and the taxes will be refunded.
This is another form of timeshare scam because escrow accounts do not exist in Mexico.
The resale agent takes the thousands of dollars, meant to be paid for taxes, and disappears.
Get out of my timeshare
Cancelling a timeshare is a complicated procedure that requires help from people with experience and knowledge.
There are several new companies that claim to offer timeshare relief or cancellation for an upfront fee.
They may send the client paperwork to transfer the title or complete the cancellation procedure.
This paperwork never actually gets processed by the timeshare scam developer.
When the client calls the resort, they are still, in fact, the owner of the timeshare, and they have lost money to the timeshare cancellation company in upfront fees.
If you have already purchased a fraudulent timeshare and are interested in renting, selling, or want to know how to legally get out of a timeshare contract, here is some advice from our experts at Mexican Timeshare Solutions:
1) Do not make spur of the moment decisions
Large real estate purchases and sales require careful thought and consideration about the financial implications you will incur. Many fraudulent timeshare salespeople conduct high-pressure sales presentations and offer one-day-only special deals.
This is a common sales tactic for ensuring that the purchaser does not take the time to investigate the reputation of the company, or the details of the contract they are signing.
2) Do your research
Do not buy a timeshare or list a timeshare for rental, resale or relief without investigating the company thoroughly.
Most of the companies on our timeshare blacklisted companies are there because they have a bad reputation for scamming their customers.
If there are few or no complaints online, that is a good sign that the company is reputable.
People who have had issues like to share their experience on websites such as complaintsboard.com, ripoffreport.com, or squeakywheel.com to ensure that other people do not fall victim to timeshare scams.
Check these sites carefully before making a timeshare purchase or listing your property for rentals, resale or cancellation.
3) Never pay upfront fees
Unfortunately, the timeshare industry is riddled with scam and fraud companies that are linked to each other.
Many of the rental or resale companies that the timeshare developers recommend charge upfront fees, which is another scam.
If the company is willing to work on a commission basis for a successful outcome, then they are likely reputable, but if they ask for fees in advance, this is the first sign to walk away.
How is Mexican Timeshare Solutions Different?
We do not charge any upfront fees. Mexican Timeshare Solutions is a results-based organization that works hard to protect and fight for consumer rights.
We do not have any relationships with the timeshare developers, and we have an excellent success rate in canceling timeshare contracts and recovering timeshare owners’ money.
Our experts work on a 100% contingency basis, meaning, if we do not cancel your timeshare scam contract successfully, you do not pay us a penny.
Contact us today for a free consultation on how we can help free you from your timeshare scam.
To receive more information about getting out of a timeshare contract, 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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Timeshares are, and always have been a a legal scam.
Do you have any suggestions on how to dispose a timeshare? I’ve tried selling it even below my purchase price but there are no takers.
Appreciate your help. Thanks.
Do you have any suggestions on how to dispose a timeshare? I’ve tried selling it even below my purchase price but there are no takers.
Appreciate your help. Thanks.
I spoke with a co-worker and he told me that he purchased a used timeshare from a friend and he pays minimal yearly fees to be able to swap his week timeshare essentially anywhere he'd like to. I believe he paid approximately $1,000 for his timeshare and has saved tons of money on hotels while using his timeshare and that most of the places he has stayed are much bigger and nicer than most hotels. Is this something that's a reality for someone who wants an inexpensive getaway? If so where do I go to find something like that?
How can I get out of my timeshare. We tried two companies that said they would be able to sell it. One said that we could rent out week. Well they both did neither. We have paid it for over 1 year. I have had some medical issues. We can barely pay our bills. Westgate called and said they will call every week and after one month they will give it to people who will call more. It is not even open yet and I am sure they can sell it again. They said too bad. They do not do that. What can they do to us and what can we do to be sure they cannot ruin our credit. Things are hard enough right now. HELP !!
It’s sad to say that the timeshare owners wanting to get rid of their properties are very vulnerable to these scams as most of them are desperate already in getting rid of their timeshares.
It’s sad to say that the timeshare owners wanting to get rid of their properties are very vulnerable to these scams as most of them are desperate already in getting rid of their timeshares.
I have a friend who wants out of her timeshare, but literally cannot sell it without paying a timeshare realtor up front to take it on. She doesn't know anyone who would even take it for free.
Why should anyone pay so much for something that he may not use when or how he wants? I had a timeshire and two happy moments When I bought it and most of all WHEN I SOLD IT! Now with the money I save in that lousy investment I can plan my travel ahead using Internet plane plus accomodation.. it is a lot cheaper, I travel when I want, and I do not have to worry about maintenance, taxes etc.. I would never recommend a timeshare property to no one… and did you know you can not give it in heritage to your sons? If the family decides to sell it you lose… it is nothing yours it is theirs Very very bad business… never buy it again, never in my life!!!
Quiero dar de baja una membresia con flamingos villager en nvo vallarta y quisiera q me ayudaran
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