Different Methods

Many people believe there is no way to get rid of a timeshare and the rising maintenance fees, high interest timeshare mortgage, and inability to book vacations.The following outline will help you make an informed choice on the best method for you to get rid of a timeshare. Are you still in your rescission period? Check out our Sample Rescission Letter.

TIMESHARE LAWYERS & LEGAL TIMESHARE CANCELLATION

The best and safest way to get rid of a timeshare.

PROS:

  • Timeshare attorneys are trained and licensed to represent you and give you legal advice.
  • A law firm can negotiate directly with the timeshare developer and their legal team to make demands on your behalf.
  • The lawyers and legal support staff will handle your case from start to finish, leaving you to enjoy your life and stop stressing about your timeshare.
  • Timeshares attorneys can negotiate a FULL and FINAL settlement agreement that completely cancels your timeshare contract AND timeshare debt.

CONS:

  • We at Castle Law Group believe that engaging an attorney to handle your timeshare cancellation is the best course of action. For more information about Castle Law Group and our legal services, schedule your free legal consultation today.

Non-Attorney Advocacy Groups

Even with good intentions, advocacy groups are not properly equipped to help timeshare owners.

PROS:

  • Will most-likely do their best to try and cancel your timeshare contract.

CONS:

  • Non-lawyer cancellation companies are rarely effective despite their efforts. They simply do not have the resources to successfully cancel a timeshare contract.
  • Non-attorney advocacy groups are often guilty of Unauthorized Practice of Law. Only a licensed attorney can represent you in your timeshare cancellation.
  • Advocacy groups can’t use legal strategies to fight the timeshare developer.
  • Cancellation companies and advocacy groups can’t protect your personal information as well as a law firm. They also can’t ensure proper tax and credit treatment by the timeshare resort.

Timeshare Resale

A crowded market and deflated selling price mean you’ll have a tough time finding a buyer.

PROS:

  • If you can find a buyer, they will take on all debt and obligations associated with the timeshare.

CONS:

  • The resale industry is full of scammers who will claim they have a buyer for your timeshare but disappear as soon as you give them any money.
  • So many timeshare owners want to get rid of their timeshares that the market is flooded. Thousands of properties are being listed for a penny on eBay with NO buyers.
  • If you feel the timeshare is a scam, you have to disclose the misrepresentations about the property to any potential buyer or face legal consequences.