5 Legit Ways to Get Out of a Timeshare

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The draw of a timeshare is real. I know — my dad bought two weeks in a resort town. One in the winter and one in the summer. I’ve enjoyed being able to use it, but I’m not the one paying for it.

Having a timeshare can be a bad financial move. If you want to get rid of your timeshare you do have some options.

How to Get Out of a Timeshare

Here is what you need to do in order to get rid of your timeshare.

1. Check Your Timeshare Contract

Many timeshare contracts contain a retraction or rescission period. This can be called a “cooling off” period. It’s a period of time after you signed the timeshare agreement in which you can cancel. No questions asked.

The “cooling off” time period is typically just a few days long. In some states, certain requirements must be met before the time period begins.

This can also be referred to as a deed-back clause where you are allowed to give the timeshare back to a resort in a specified period of time.

Check with your state laws if your contract is unclear. But check the rescission terms on the contract first.

If your timeshare purchase is recent, you may be covered. You may be able to annul the contract.

Note that official timeshare cancellations usually require written notice. So, plan on writing the timeshare company a letter. Sign it and keep a copy for yourself.

Note the date of mailing as well. Send it registered mail for extra protection. Your attorney general’s office can help you with the details.

2. See if the Company Will Buy it Back

In some cases, the timeshare company will buy it back. This is rare, but it does happen. Note that they likely won’t give you full price in a buyback.

Yes, you could lose money. Your timeshare contract should talk about buybacks. Some companies buy them back, others don’t. If yours does, contact them to see what their buyback terms are.

3. See if the Company Will Take it Back for Free

Some companies won’t buy timeshares back. However, they will take them for free. Yes, this is a colossal loss of cash.

However, remember that the goal is to stop paying fees. Annual fees on timeshares can add up fast. Some cost several hundred dollars a year to maintain.

You may lose thousands by giving your timeshare back. That’s hard to swallow. But don’t lose thousands more by keeping it if you don’t want it.

4. Sell Your Timeshare

In some cases, you can sell your unwanted timeshare to someone else using a specialized realtor. As with the buyback, you’ll likely sell it for less than you paid.

You can also use a site designated for timeshare sales to advertise your listing. Redweek.com lets people list timeshares for sale in their online resale market.

Note that companies like these charge fees to sell your timeshare. Read the fine print. Be aware of all fees before listing your timeshare on a sales site.

Ebay is another site where you can list your timeshare but know there will be fees associated if you go this route as well.

You could advertise on a free site, too. Craigslist and similar sites will let you sell a timeshare for free.

Hire a Timeshare Exit Company

Similarly, you could hire one of the top timeshare exit companies like Newton Group . They’ve been helping people exit timeshares for over a decade.

If you feel overwhelmed with all of the details of selling a timeshare, this may be a great option for you.

Also, if you do need an attorney to exit the timeshare, Newton Group will hire a law firm on your behalf so that you don’t have to hassle with finding your own lawyer.

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Check with the American Resort Development Association (ARDA) or Better Business Bureau for possible timeshare exit scams.

5. Give Your Timeshare Away

The truth is, you might have trouble selling your timeshare. If you’ve tried and failed, consider giving it away. At least you can get out of the annual fees then.

TUGBBS Bargain Bin is a timeshare forum. They’re set up to help people get rid of timeshares,  and to help others who want to get them for free.

You won’t get up front cash. But you will get out of annual fees.

This might seem like a bad deal to you. After all, you paid thousands of dollars to buy your timeshare. But consider this: You’ll pay thousands more in annual fees if you don’t get rid of it.

If you can’t sell it for cash, you may just want to give it away. At least then it’s off your plate.

Why Timeshares Can Be a Bad Idea

You may be wondering what’s so bad about timeshares. After all, they cost much less than owning a vacation home. And much less than paying for a full vacation every year.

While that may be true, there are several downsides to timeshares. Consider these negatives before you buy one.

You’re Stuck With One Company

Some timeshares make you keep your week at your resort. You go the same place year after year. That can get boring.

Other timeshare companies have several resorts. They allow you to trade your week for another one within timeshare users groups.

Or, you can stay somewhere else if you pay an extra fee. While this sounds good, you’re still locked into the one company. You can’t vacation with no boundaries.

If you’re okay with that, great. But there’s a reason so many timeshares sit on sales sites with no takers.

You May Not Use It

I know several people who bought timeshares but don’t use them. They mean to, but things get in the way. Maybe it’s their schedule. Or that they no longer love the destination.

Timeshare sales pitches thrive on spur-of-the-moment impulses. The new and shiny idea sounds wonderful. There are bells and whistles and sparkly things.

Then reality sets in and it’s not as great as it once seemed. Or you just get too busy. Then you’re out the money and the vacation.

They Cost a LOT

Another reason timeshares can be a bad idea is because of the upfront cost. Many units cost $15,000 or more at the outset.

But that’s not all! You also have annual maintenance fees which average $1,000 per year. This annual fee will likely go up every year and you have no control over it.

When you add on annual fees, timeshares get expensive. Wouldn’t it be better to spend your money how and where you choose?

They Don’t Appreciate in Value

Unlike most real estate, timeshare don’t appreciate. The value of the building is irrelevant to timeshare owners. You’re buying the time, not a piece of the building.

It’s kind of like buying a new car. The timeshare resale value decreases as soon as you leave the lot. Or in this case, sign the contract. Plus, the maintenance fee will go up.

Therefore your investment won’t increase in value. This is different than if you bought a vacation home outright.

Those buying timeshares from sellers get a much better deal. Resale prices on timeshares are significantly lower than the original sale prices. If you insist on owning a timeshare, buy used.

Timeshares Don’t Generate Income

With investment real estate, you earn income. If you rent out a home, you collect rent.

That rule doesn’t hold true with timeshares. They cost you money. But they won’t earn you income.

They’re Not a Liquid Asset

As I’ve mentioned, timeshares aren’t an asset. But if they were, they wouldn’t be liquid. A liquid asset can be quickly sold to get cash.

On the contrary, timeshares are tough to unload. People have trouble giving them away.

Visit the website mentioned above (RedWeek.com). You’ll see dozens of timeshares selling for $0 or $1 just sitting there without buyers.

There’s a reason no one’s buying them. They just don’t make sense financially.

That’s not to say that a small percentage of buyers aren’t happy with them. They can be good for some people.

However, many people find they’re a waste of money. Think carefully before you invest in one. And consider these timeshare statistics.

Some Statistics on Timeshares

Despite their oft-bad rap, timeshares are still selling in the U.S.

Some facts regarding timeshare sales:

  • There were $10.5 billion in timeshare sales
  • The average price for a timeshare was $22,942
  • Annual maintenance fees averaged roughly $1,112 on timeshares

Source: ARDA 2020 Edition

As you can see, timeshare sales are booming. However, that doesn’t necessarily mean you’ll want to keep one if you buy it.

People get lured in by the sales pitch. It’s like the honeymoon period of a relationship. Everything seems wonderful at first. Then real life sets in and the romance is gone.

You realize how much money you spent on the deal. And you think about other ways you could have used it.

Now you’re thinking about getting out of the deal. Or maybe you’ve had your timeshare for a long time. You realize it’s time to move on.

Why You Might Want to Get Out of Your Timeshare

Becoming a timeshare owner may have seemed like a good idea at the time. However, things can change.

Here are some reasons you may want to get out of your timeshare.

You Bought it on a Whim

You were drawn in by the sunny beaches and smiling faces by the pool. You’ve signed the contract and handed over big cash.

Now you want out. There’s no shame in that. This is why contracts often have recission periods. Refer to the first section of this blog for a refresher on that.

You Don’t Use It

People who buy timeshares sometimes find they don’t use them. Maybe they’re just too busy. Or maybe they bought one in say, Florida, but just can’t afford to get there each year.

Maybe things have changed in your family. Or your schedule. The kids are grown and off at college. Or married and living out of state. Whatever the reason, you may not use your timeshare anymore.

You Can’t Afford It

We live in a time of financial instability. The economy is improving, but it’s volatile, too. Maybe you just can’t afford your timeshare anymore.

Check your timeshare contract because many are subject to maintenance fee increases each year. Or the cost to travel there and back is too much. Maybe you’ve had financial setbacks.

There’s no shame in deciding the cost of your timeshare isn’t worth it. Or isn’t doable. It’s best to get out of it and move on.

You May Have Health Concerns

Have you had your timeshare for several years? Aging and health concerns may prevent you from using it.

It was easy when you were younger. Now you prefer not to travel. Or health concerns prevent you from doing so.

The point is that your timeshare owning days may be done. The reason doesn’t matter so much. The fact that you want out does.

Use the information above to get out of your timeshare.

Summary

Timeshares are a depreciating asset. There are always more sellers than buyers. And they don’t appreciate in value. Maybe it is time for a timeshare exit strategy.

The sooner you get rid of it, the more money you’ll save. You may not get money back on the sale price. But you’ll get out of the annual fees.

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    Comments

    1. Is it true that you cannot quit paying the annual fee and give the timeshare back even if they do not want it? Also, is it true I have to pay someone thousands of dollars to get rid of a timeshare? Can the timeshare put a lean on my assets?

    2. Is it true that if I give the timeshare away that if the new owners do not pay the annual fee the timeshare company can make me pay all the back fees?

    3. Do the children have to take the timeshare even if they do not want it and even if their name is not on the deed?

      • I assume you are asking if the children of someone who has passed away have to accept the timeshare if they inherit it. The answer to that question depends somewhat on how the original timeshare was set up. Check out the link in this post on point number 4 to help you get answers to these questions. Or, you could contact an attorney or other legal professional on your own to help you.

      • In most cases an estate will not be finalized if the timeshare has not been transferred to the beneficiary of the estate, or the person who has been nominated to inherit the timeshare. So no money – property – etc. will be able to go to any beneficiary until the timeshare has been transferred to someone else. Whoever the Estate is left to HAS to take transfer and then try to sell it, unless the company is a good one and will take the timeshare back.

    4. I found a legit way out of my time share and it did not cost me one penny. I forfeited what I paid for it, but we just wanted out. If this is your situation, contact the Attorney General in your state. You can fill out an online form at their web site. They helped me and another friend of mine. We are time share free! I was able to be released because I was not getting what I was told and what I paid for. I was not able to book a vacation when I wanted or where I wanted. Everything was always taken or unavailable to us.

      • I’m sorry you had that bad experience, but I’m glad you were able to get out of it. Thanks for sharing what happened to you.

      • So is it the Attorney General in the state I live or the state I purchased the timeshare?

      • What documents did you have to submit? I am in the same situation

    5. Hi Danita,
      How long did the whole process take? I am having problem with my timeshare. I just want to get rid of it and want to be time share free. Your advice will be greatly appreciated. Thanks in advance!

      • I have had my time share for thirty years, and Id like to get rid of it It is in Virginia Beach. I’ve been taken twice trying to sell it. Please help me, my husband died nine years ago and I’m seventy years old. The time share will not take it back. PS I live in Mississippi now. Help please

    6. Do you contact the attorney general in the state where you are purchasing the timeshare, or your home state?

      • You should start with your home state. Good luck!

    7. Hi Danita,
      Yes, how long did it take and did you continue to pay while they were looking into it? I do not want to stop payment for fear of a foreclosure. Please let me know how it worked for you and if you could tell me where your time share was at.
      Thanks,
      Becky

    8. Danita,
      I have just contacted the District Attorneys office and filled out a form online. I am really hoping someone may be able to help me with my situation. I’m very very distraught. Can you tell me step by step what was done?
      Thank you!

      • What is the name of the form? I have tried to sell mine 3 times.

    9. What kind of a form………

    10. I have a timeshare that was purchased by my husband before we were married. My husband passed away in January of 2017. When we were married we purchased another timeshare together from RRI or worldmark. Worldmark is country and internationally wide. Can the two be combined? I would like to sell both, if possible, or sell at a lost just to get out from under the maintenance fees. Can someone help me with this?

      • They might sell better if they were left uncombined. However, you could always check with a legal professional to find out.

    11. I want to sell both timeshares.

      • Give some of these ideas a try to see if you can do it. I wish you luck!

    12. I’m still paying high maintenance costs fees. This is totally fraud from the beginning. They sell it as a property investment. There are a lot of people who’ve been in the same situation and this company’s still getting people’s money. There must be a way to get protected by a consumer agency. We should try any legal way and stop this company from continuing with this fraud. Everyone is being robbed by this company. That is how I feel. We need help from someone who knows how stop them legally. They are getting rich. They’re easy lying people.

      • I hope you can use some of the ideas in this post to get out of your timeshare. I wish you luck!

    13. My Attorney General in Montana has no jurisdiction over timeshares. That office suggests contacting the Board of Realty.

      • Then that’s what I would do to get the ball rolling. I wish you luck!

    14. I bought into a timeshare last September. This weekend we added more points so a new contract was drawn up. We have the public offering statement. If I cancel it will it cancel the contract that was added into this one. My husband has to have a huge amount of medical work done and can’t keep it.

      • It depends on how the contract was written. One way to wade through the language of the contract is with the assistance of someone in the legal profession, such as an attorney. They can help you decipher the contract specifics to see what you can and can’t do to get out of your timeshare.

    15. We bought a beautiful property in Mazatlan years ago. Every year the maintenance fees go up, but the upkeep has gone down. They invest in building other places instead. We were told they were building a golf course. They built in Cabo instead. They changed to a pt system but we had to pay more. We said no! They sold an elite package later at $50k giving you prime pool spots, one particular room every time, etc. We are now treated as any non-member. We want out! We were told if we walk away, they have no jurisdiction over us. Is that true?

      • I really can’t answer that because I have no idea what your contract says. You might check with either your state’s attorney general if you aren’t sure, or contact your own lawyer to make sure of what you can and can’t do.

    16. I got into a timeshare. Now I am having financial hardships. We could never use it when we went on vacation. It was a sales pitch and a bunch of lies. How can I get out of this mess?

      • Try using the tactics in this post to help you get started. You might also wish to contact a lawyer to find out what you can and can’t legally do if you have a lengthy, complicated contract with the timeshare company. That way you know what your options truly are before going forward. Good luck!

    17. I feel your pain. We had four timeshares. Although I liked our Welk Resort, it was just not practical any longer. I feel these timeshares should not be allowed to be sold as they are nothing but scams. You can rent for a week cheaper than your maintenance fee. I see them now all over Ebay for a dollar. I just do not know how it’s allowed. I had a $20K mortgage with Wyndham, and a few others. I had to pay a company to get me out of mine. I wish I could remember the name of their company. It was expensive, but they did the work and it was pretty much straight forward. It took 6 months, if I recall right. $5,100 to cancel a timeshare is crazy, but hey, it was better than the maintenance and all the mortgage payments I had left. I have their number saved in my phone as “Timeshare Cancel” I do not even know if they are still in business. But, if it helps anyone, their number is 888-451-1756. I hope you all can get your problems taken care of. I wouldn’t give one of these things to my worst enemy. Stay away from Diamond Resorts!

      • I’m glad you were able to get out of your timeshare. Thanks for sharing your experience!

      • Careful, check out the numbers, may be another scam.

      • YES YOU DIAMOND RESORTS THE WORST.
        PLS. STAY AWAY

        • Diamond Will not work with you.
          I own my resort for over 10yrs. I have been trying for 2yrs to get rid of the Time Share no results.
          Contacted Diamond keep getting run around. Now maintance fees due. they want money. I have no more money to give them.

    18. Vicki:

      Some developers do have programs where they take back their product if it’s paid in full and the maintenance fees are current. You should not pay anyone upfront for anything timeshare related. Yes, the timeshare developer can place a lien on your assets.

    19. Vicki: This is not legal advice, but the short answer is that unless your children are on the deed, or there’s money owed, they do not have to accept it.

    20. I received a release of obligation from a timeshare scam (Spinnaker Resorts) because I never answered their calls. I completely ignored them. I called to cancel the contract within the so called time frame, and no one would return my calls. Don’t pay them anything and totally ignore their threats. I was willing to ride it out for 7 years because I wasn’t going to give them anything. They opened a Bank of America Credit Card in my name. I never activated the card at all and now since Bank of America allowed them to scam them out of the deposit money, that they kept, they’re threatening me to pay it back to them. Nope. Bank of America is in on the timeshare scams. They pay the timeshare company knowing what they’ve done and then go after you to destroy your credit.

      • I bought into Diamond Intetnational after Rachele the sales representative assured me that they have all exclusive adults only resorts 18 or older I wanted all the amenities restaurants bars everything on property she assured me time and time again they had it before I signed the paperwork. At the closing I was with another gentleman and I did not discuss all exclusive with him he was the paperboy and now because everything is recorded they’re claiming I never ask for All exclusive. I’m going to try getting with the attorney general and see where this goes. I’ve paid for this for a year now and never used it. I’ve called several times about a vacation that they cannot offer me. I was told today I had to pay everything upfront in order to get out of it.

    21. I want to sell mine. There are a lot of companies out there that say they can do it for you but they cost. In my case, my timeshare is paid in full. I just want to get rid of it due to maintenance fees and the misrepresentation of the way we could use our timeshare in Hilton Head. Can someone tell me the process of calling the Attorney General and filling out the form.

      • Actually, you answered your own question. You would call the Attorney General in your state. Once you call them, they should provide further guidance to assist you through the process. You can also use the suggestions in this post.

    22. I like the timeshare, but both my wife and I don’t really use it as we should or enjoy it more often. I was told the total tag and monthly amounts. I didn’t realize that more add-ons were on their way, like a partnership with my timeshare that charges on a monthly basis and just as equally large of a payment. Yearly service and maintenance fees add on to the cost as well. I wasn’t well informed and should have been more prepared. Then, family packages for 1, 3, or 5 year plans cost more money. Also, you need to book earlier to save a spot so being a timeshare holder doesn’t mean much. You don’t get much discount as we the timeshare holders feel like we should. Besides that you have to be up to date with your monthly fees in order to enjoy privileged services or else you’re stuck without options.

      • I’m sorry to hear of your timeshare troubles. I hope this post helps you get out of it if you should decide that’s the path you are taking. Thanks for your comments.

    23. Has anyone worked with Omni Ellis to get rid of your timeshare? I recently went to a presentation in Colorado and I am skeptical as they want thousands of dollars upfront to begin the process that could take up to 18 months. The presenters kind of remind me of the same salesman who sold me my timeshare to begin with. I have not come across a single person who has used Omni Ellis with success. It would be reassuring to hear from a few who have had a positive experience with them.

      • The fact that you haven’t come across anyone who has had success with them might be a sign. Check out the links in this post as well as the comments below. Those might help you out the most. Good luck!

      • Any company that charges fees up front to sell your timeshare are scammers, always.

    24. Danita, which state are you in? That would be a good starting point for some of us. Thanks.

    25. I wanted to purchase and signed a contract, but I never made payments or the down payment they asked for. Am I still in a contract with a timeshare?

      • You did sign a contract, but the fact that you never paid anything means you have no money to try to recoup. However, it’s possible there could be something on your credit report since you defaulted and did not pay after signing. If you haven’t pulled your credit report and credit score, I encourage you to do so. We have several posts about credit monitoring, credit reports, and credit scores you should check out that can help.

    26. I have a timeshare with Massanutten in VA. I got suckered in. I’m also a member of RCI. I thought they were the same thing, but figured out they were separate. So, is anyone familiar with either company? I hate them both and want to get out.

      • I am not familiar. However, you might be able to get of the situation using the links, comments, and other information in and below this post. Also, you may have to retain the services of a lawyer or the attorney general in your state, per the comments. Good luck!

    27. I see someone said to contact the Attorney General in your state. Can you tell me what are the steps to do it?
      Thank you!

      • Candy, you should be able to Google, “Attorney General in…” and add your state. Then you just follow the link. Once there, look for their contact information. I wish you luck getting out of your timeshare.

    28. Would you please tell me the name of the form you filled out online to start the process with the Attorney General? Thank you in advance.

    29. My timeshare is in New Jersey, though I live in Pennsylvania. It’s called, Flagship in Atlantic City. What attorney general do I go to, New Jersey or Pennsylvania? My contract was written in New Jersey.

      • That’s a good question! My best guess is that you should start in New Jersey. However, once you contact them, make it clear from the beginning that you live in a different state in case you should be handling things out of the state of Pennsylvania.

    30. Hello, my wife and I purchased a time share in South Carolina. We live in North Carolina. We did not pay any money yet and we are trying to get out of our contract. We are only two months into this contract. We can not afford it – ducked into their sales pitch. So what would be our next steps? I will not pay them a dime. They are trying to hit our card, but can’t get funds. We have sent letters and faxed. We were a few days out from cancellation. We missed it by a few days. So, can you please help? Thanks, Mark.

      • The good news is that you haven’t paid any money yet, so you don’t really have a timeshare to get out of. But, the bad news is that is sounds like you signed a contract. That means they could turn you to a collection agency if you don’t pay. That means your credit report and credit score could take a hit. You could check with the attorney general in your state to find out what, if anything, you can do. You could also hire a lawyer or follow the other ideas or links in this post, if applicable.

    31. I recently changed from the weeks to the points system in Palm Beach in Florida on 08/08/19. I paid $5000 for the same. Initially I had struggled to sell my time share. Can I cancel the contract? Do let me know. I am not convinced that I will get a better deal with the points system! What is the cooling off period?

      • You need to direct these questions to either your timeshare, a lawyer, or perhaps the attorney general in your state. They would have the most accurate and up to date information. Use the information and links in this post and also in the comments above yours to see if you can get answers. 🙂

    32. Has anyone dealt with Hilton Grand Vacations? My wife and I haven’t had the chance to use our timeshare. Unfortunately, due to health and job issues, we need to get rid of the timeshare. I called Hilton and they offered 1/6th the value of it. I advised them of the hardship and they could care less asking when can you make a payment. In review of the contract, I discovered, in very fine print, that the interest is actually more than the value of the property. I don’t know what to do. I thought of bankruptcy, but that was just a thought. Any suggestions would be appreciated.

      • I’m sorry to hear of your struggles. Check out the ideas, links and comments from this post. That might help you decide where to start.

    33. I had a time share. I called up the company and asked them for a quit deed and they sent me one. I got it notarized by my state and paid $200 to get out of it. Call out the time share group you are in and tell them you can’t do it anymore. They will help you.

      • I’m glad you were able to get out of it. 🙂

      • Can you give more details. Was the quit claim deed given to the time share itself and the payment, was your time share paid in full and did you send your deed back to them?
        Can’t afford it after 20 years and a lot of lost money.
        Hope to hear from you.
        Annette

        • Has anyone dealt with RCI palm beach ? I bought timeshares in 2017, they are big layers we never were able to book vacation all the time not available only in fall season when my kids get in school.

    34. Own a 2 Bedroom at Villa Del Arco in Cabo San Lucas with my sister, we used it but now in retirement phase of our life, it reverts back to developer, our children don’t want to use it or pay the high maintenance. We have been approached by International Real Estate Connections Llc in Oklahoma City. They want to buy it back, they want 10% of the price & upfront fee of $7,500 which they say we will get back, only loss is the 10%. Sounds too good to be true. Does anyone know or has been contacted by this firm??

      • I hadn’t heard of the company until you mentioned it. I’d do a little more research into it. I tried to search it and it doesn’t look like there was a lot of legitimate information. Best of luck!

    35. After reading all these comments I wonder why states allow the sale of timeshares at all.

      • There have definitely been some bad experiences with them!

    36. Just purchased a timeshare a few months ago. I was wondering if I did an upgrade and they voided the current contract and started a new one if I would have the same cancellation time and be able to cancel within that time frame to get out of the timeshare thing. Just a thought.

      • That could be a possibility! Thanks for the input!

    37. So me and my fiance bought a timeshare on a whim when we were on vacation. I called to try to cancel but couldn’t do so. We have only made one payment and have been trying to get out of every since. Is there any advice you can give on how to get out of this timeshare?

      • Check out some of the suggestions in this article on legit ways to get out of a timeshare!

    38. My timeshare is deeded property that is paid off, so only maintenance fees. Company said they will not take property back for free. If I stop paying, what recourse does the timeshare company have? Is it foreclosure of the property (fine with me, they can have it) and a hit on the credit score, or can they come after more than just the property? Thanks in advance for any information.

      • If the company won’t take back the timeshare for free, you can see if they would buy it back. You might have to take take a hit at a cost to get out of the contract. If you just stop paying you might run into some legal issues so you might want to talk to an attorney or someone else to see if you there’s a way you can get out of the contract before you just stop paying completely. Best of luck!

    39. I already paid up full for a timeshare but I am still paying an annual maintenance fee. If I stop paying the fee, could they go after me?

      • If you’re still using the timeshare, even though it’s paid, you’re probably still required to pay the maintenance fee. If not, I would contact the company on why you are still being charged.

    40. Always remember that if they cancel your debt you’re going to owe the IRS taxes as they consider that INCOME.

    41. Hi we have just recently been sucked into a timeshare with Wyndham as a payoff loan we have not used it as we have had injury and no time to use I knew it wasn’t a good move but was totally sucked in wish we never had done it we do not have the money to be paying this back. How do we get out? Please help with advice. Thank you.

      • Check out some of the suggestions in the article for how you can get out of the situation! Best of luck!

    42. Me and my sister brought a timeshare in florida. One that day, we just give them the money for down payment, but we haven’t make any monthly payment yet? Is that consider that I’m not into a timeshare yet? Can I seek a lawyer to get out of this?

      • Yeah, you might want to check into that! There are ways out of a contract, but if you already paid via the downpayment, you may need to do more research to see what needs to be done! Check out the links in the article to figure out how you can get out of your timeshare. You may need to seek legal action depending on the situation.

    43. Me and my husband got sucked into buying the “Resort Investment” while we’re in vacation at the Dominican Republic back in 2017. The sales representative persistently avoid calling it a “timeshare”. Though we specifically stated that we weren’t interested on buying Timeshare, well… we fallen into the scam nevertheless.
      Everything happened so rapidly (done on tablet) that we only gave a few second to read and signed.I wasn’t able to short things through until we returned to the U.S and find the emailed copy of the “Signed Contract” reflecting terms and conditions of the timeshare.
      Along with proof of our “acknowledgement” that we have been clearly explained and agreed to everything without pressure.
      The worst thing of all was to realized that while the transaction took place in Dominican Republic. Payment receipt shown Las Vegas Nevada address (and the fine print of the contract stated that any legal disputes is to be resolved under State of Panama jurisdiction)
      We have paid our contract in full and pay off the second year annual maintenance fee though never once use our deposit time. And I just want to get out.
      I noticed that most (if not all) the above cases were bought in the US.
      Does anybody have similar case to ours ?

      • That’s quite a situation! Sounds a little sketchy! There could be a way to get out of it, and you may want to talk to someone about the details of that contract!

    44. Me and my fiance was sicker into a timeshare as well. They definitely scammed us. We can only book on certain days but they never told us that. They put us in another contract with westgate cruise and travel without our permission but we never gave them our social security numbers. We did sign and did our down payment. We never received a deed and we go and look it says property not deeded. After checking our documents it looks like we was financed through westgate themselves. Now how crazy is that. Could they report to the credit bureau if we stop paying or give our info to a third party company? How can we go about getting out of this contract that we never provided a social security number for.

    45. Does anyone have any luck with getting out of Welk Resorts? I have a timeshare in Lake Tahoe and it was purchased 5 yers ago and has not been used once. Trying to get out of a timeshare where promises that were made never happened. I am not behind on payments and I keep getting calls. I have tried to sell it on one of those websites, sellmytimeshare now and that was a scam as well. How do you sell a timeshare that is a point system?

    46. I was given 4 shares and purchased 1 in order to live at campground all year round. I became ill with meningitis, moved away. I do not know what happen to my shares. Recently received tax bill that says back taxes are owed. I did not know I was still the owner. And just want out.

    47. We have owned a timeshare since 2003. We have used it over the years also family has used it. But it’s time to get rid of it. We have points and the points add up to be 2wks. The maintainace fees keep going up every year they are now up to 2700.00 a year give or take. I can’t see them ever stopping. They are pricing us right out. I already have paid the fees for this coming year, I am thinking if we get out we will loose that. What is your thought?

    48. If you want out of your timeshare and:
      1) It’s paid for
      2) You are up to date on maintenance fees

      Call your timeshare and find out if they offer a “deed-back/surrender” option.

      Most of them do. However you MUST use those words. If you call and say I want to give it back they will tell you that you cant do it. You have to say “deed-back”.

      They will most likely say, they need to check inventory and let you know. Then they will call you back and tell you there is a fee for them to do the legal paperwork blah blah etc. Pay the fee, complete the paperwork, get it notarized, send it back by traceable means and in about 2 weeks to a month you are done with that millstone of a timeshare that was around your neck.

      YOU DO NOT NEED a timeshare exit company or any attorneys to charge you $$$ to do what you can do for yourself. Because, guess what? This is EXACTLY what they will do on your behalf and charge you thousands on top of it to make you think you needed them.

      Signed,
      A person who got out of my timeshare on my own by calling and asking for their deed-back option.

    49. My sister’s timeshare has closed. They are insisting she transfer the deed to one of their other resorts or go points. I can’t find anything on this anywhere. Property is paid and fees are 2 years ahead. Crazy.

    50. Deacon,
      We have been reviewing these posts on timeshares exits from people that are truly fustrated. We purchased ours in 2004 and presently would like to exit because of no usage, false marketing practices. We filed with Resort Release to exit but they went bankrupt along with the attorneys they hired to represent us. How can we receive back our fees paid up front (22k) and exit Bluegreen Vacations?

      • Hi Ronnie, Kayla here on behalf of the WKW team. We hope that the blog post provided some information and leads to help you resolve your situation. We’ll have someone look into your question too about bankruptcy and update the blog post if we find anything useful. Thanks!

    51. What is the worst thing to happen to you if you just stop paying and let them hit your credit score. If you have good stable credit on everything else, how much damage can it do by just stopping and ignore them? Any business you try buying something from can see if the rest of your score is great. They screwed you so let them have a little back ? How llong would it stay on your credit if I took this approach ?

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