How To Get Out Of A Timeshare (Everything You Need To Know)

Visit https://www.freefromvacationfees.com if you are interested in getting out of your timeshare, have tried to sell, and are not having success.

In this video, Jason of Free From Vacation Fees LLC in Madison, WI shares the two basic situations faced by timeshare owners who want to get out of their deeds and the associated maintenance fees. Scenario one is where you still owe money on your mortgage. In this case, the process for getting out is a bit different. This is when people usually contact attorneys and such to make arguments that they were sold their timeshare under false pretense. The other option would be consumer advocacy as Jason explains in the video.

If you do not own money on your timeshare then what owners will typically do is try to sell their timeshare either via a third party (typically by paying a listing fee) or by themselves via eBay. This is pretty straightforward but the issue is that less than 1% of timeshares actually resel. Most owners have a very difficult time giving their timeshares away for free because very few people want the associated maintenance fees. And whether you are in a points-based system or not doesn't really make much difference. Points are not really worth much in terms of resale to the vast majority of people who would even consider purchasing a timeshare.

Once selling proves ineffective what owners typically will do is go the route of a transfer. If you want to get out of a timeshare this is usually the simplest and quickest method. Although, averages are usually over 8 months and yes, you will still need to pay your January maintenance fees until you are out of your timeshare or risk hurting your credit score. Jason discussed more in-depth about transfers in this video and what actually happens to your timeshare.

We are not attorneys and do not provide legal advice. As with any timeshare situation please consult qualified legal counsel if you feel that is necessary.

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