Things You Should Know About Timeshare Cancellation

It’s that time of year again: Timeshare maintenance fees are due. Ugh. Maybe you’re one of the many people who, the week after signing the papers realized it was a horrible mistake. You feel trapped. And just like 85% of all timeshare owners, you’re wondering, how can I get rid of my timeshare.

Getting into a timeshare is easy. Getting out of a timeshare isn’t. So, it’s essential to hire the professionals for a timeshare cancellation process. Have you ever heard the phrase, “a verbal contract isn’t worth the paper it’s written on”? Well, the contract you signed when you got your timeshare was on a piece of paper, so you’ll need an attorney to work your way out of it.

Getting Out of a Timeshare

You can get rid of a timeshare with the help of timeshare attorney in three steps. They are,

1. Cancelling the Timeshare contract
2. Selling the Timeshare
3. Giving Away the Timeshare

Step 1: Cancelling the Timeshare contract

• Review your timeshare contract agreement for cancellation terms.
• Research your state laws around contract cancellations.
• Check for language in the contract about the personal liability of the purchaser.
• Contact an attorney who specializes in contract law or timeshare cancellations.

Step 2: Want to Sell Your Timeshare? Think Again.

• There is virtually no resale market for timeshares
• You can buy timeshares every day on Ebay for one dollar
• People trying to sell their timeshares are the most scammed in the industry
• NEVER pay anyone an upfront fee to sell your timeshare

Step 3: Giving Away the Timeshare

• Ask your timeshare management company if you can deed the timeshare back to them.
• Do your best to get current on your payments and assessments before you ask about a deedback.
• Donate the timeshare to a nonprofit or someone who wants it.

Reasons Consumers Seek Timeshare Cancellation

• The timeshare is unwanted
• Major life changes
• Can’t afford yearly maintenance fees
• Fraud or deception

Can You Litigate Your Way Out Of a Timeshare?

The reality is probably not. These contracts are adhesion contracts with dozens if not hundreds of pages, all written to benefit and protect the developer not the purchaser. Litigation is a last resort and is nearly cost prohibitive in all cases.

Most attorneys don’t specialize in this area of law. It is critical to have an experienced timeshare attorney who has a working relationship with the developers to negotiate on your behalf. Contact one of the leading timeshare lawyers in the country Attorney Susan Budowski. Ms. Budowski has helped thousands of owners cancel get out of their timeshare contracts in the soundest legal way possible. Read the timeshare exit reviews of The Law Offices of Susan M. Budowski, LLC, and book your free no obligation consultation. You have nothing to lose, except maybe your timeshare.