what kind of lawyer needed to get out timeshares

by Dr. Herman Schultz 9 min read

A timeshare cancellation attorney will help you understand the fine print of your contract and support you in cancelling your timeshare within the rescission window. A timeshare exit attorney will help you approach getting out of your timeshare after the rescission window has passed. Explain your Situation (Documentation Helps!)

A timeshare cancellation attorney will help you understand the fine print of your contract and support you in cancelling your timeshare within the rescission window. A timeshare exit attorney will help you approach getting out of your timeshare after the rescission window has passed.Jun 1, 2020

Full Answer

How long do I have to rescind my timeshare?

How to Legally Cancel a Timeshare Contract

  • Timeshare Rescission Period. Whether the rescission period is three days or two weeks, it’s up to you to beat the deadline. ...
  • Grounds for Cancellation. If the rescission period has ended and you want out of the contract, timeshare companies will usually respond with two words – too bad!
  • Sell the Timeshare. ...

Can I legally cancel or get rid of my timeshare?

Yes, you still can, but you need to find a qualified and skilled lawyer in your state to help you. Many timeshare companies declare that you cannot cancel the contract after the cancellation period is over, but that is not true. Look for a timeshare cancellation attorney who can help you.

Is there a legal way out of a timeshare contract?

Under the law, contracts, including timeshares, can still be canceled or terminated for a variety of reasons, including fraud and realizing that the timeshare is not for you. Seeking legal counsel from a leading marketing platform for timeshare attorneys can get you started on how to legally get out of a timeshare contract. Here are some strategies that attorneys may recommend:

How to get rid of your unwanted timeshare?

  • Find a new owner on the resale market
  • Give the ownership back to the resort/Developer
  • Stop paying/walk away

image

How can I legally get out of a timeshare contract?

To get out of a timeshare legally, consider these options:Use the rescission period.Call the timeshare developer.Rent your timeshare out.Sell your timeshare on the resale market (but expect to take a hit).Gift your timeshare to a friend, family member or stranger.More items...•

What is the average cost to get out of a timeshare?

about $5,000 to $6,000Costs to Get Out of a Timeshare On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.

Can I sue to get out of a timeshare?

If you think you may have been tricked into buying timeshares and you wish to out, here's a good news: it is possible to get out of the timeshare contract legally. With consumer protection laws, you have the freedom to dispute the contract due to breach or consumer rights violations.

How do you walk away from a timeshare?

If you feel stuck, here are four options that could help:Refinance the timeshare mortgage.Sell or give away your timeshare.Try to give it back to the resort.Work with a company to help you negotiate an exit.

Can lawyers get out of a timeshare?

A timeshare cancellation attorney will help you understand the fine print of your contract and support you in cancelling your timeshare within the rescission window. A timeshare exit attorney will help you approach getting out of your timeshare after the rescission window has passed.

Can I hand back my timeshare?

A timeshare company will usually not take back your contract and allow you to exit freely due to the administration costs, maintenance fees and transfer of ownership charges. If the resort started letting everyone hand back their timeshare weeks, then they would be liable for the maintenance fees during that time.

What happens if you stop paying maintenance fees on a timeshare?

If you stop paying your timeshare maintenance fees, you will likely default on your ownership. This not only hurts the resort, but it hurts you and your credit. Like a home going into foreclosure, the resort takes the ownership back and it will stay on your credit report.

Can I sell my timeshare back to the resort?

Can you sell your timeshare back to the resort? Yes, under certain circumstances. However, most people with an unwanted timeshare are on their own if they want a way out. Your last resort options are selling it yourself or receiving help from a trusted timeshare cancellation company.

Can a timeshare take you to court?

If you continue to stop paying on your loan, the timeshare company can go to court and file a foreclosure lawsuit to obtain the rights to your unit and take it back. While it mainly depends on what state you have your timeshare in, this process can take about one year.

Can a timeshare put a lien on your house?

If a repayment plan isn't negotiated, the timeshare company might go the route of taking you to court for breach of contract to get a judgment against you and place a lien against the property. Ultimately, they will foreclose on the property.

How do you write a letter to cancel a timeshare?

Write Your Timeshare Cancellation LetterYour name and contact information.The name of your timeshare company.The contract number.The names on the timeshare contract.The date of purchase.A statement of cancellation.The amount you paid, including a request that this amount be returned to you.

What happens to timeshare when owner dies?

When the owner dies, the timeshare becomes part of the estate. The inheritors of the timeshare become the new owners, and they are obligated to take over the timeshare fees. If you want to avoid this issue, name your heirs co-trustees of your timeshare.

How can I get rid of my timeshare without ruining credit?

How to Get Rid of a Timeshare Without Ruining CreditIs There a Rescission Period? ... Work with a Timeshare Exit Company. ... Rent Your Timeshare.Sell Your Timeshare.File Complaints with Regulators and Law Enforcement.Give or Sell It Back to the Timeshare Developer. ... Ask your Developer for Help.

What happens if you don't pay your timeshare?

Foreclosure Action If you stop paying on your timeshare loan, you face foreclosure. Foreclosure is the process whereby the lender files to take possession of the property and sell it at auction to recover the money you owe.

Can I sell my timeshare back to Wyndham?

Can I sell my Club Wyndham timeshare? As the owner, you are definitely able to sell your Club Wyndham timeshare if you choose to. Before you sell, make sure to research all of your options, such as renting out your ownership, gifting it to a friend or family member, or giving it back to Wyndham.

What happens if I stop paying timeshare fees?

If you stop paying your timeshare maintenance fees, you will likely default on your ownership. This not only hurts the resort, but it hurts you and your credit. Like a home going into foreclosure, the resort takes the ownership back and it will stay on your credit report.

How to get a legal team to help you exit your timeshare contract

Do you really need a legal team to exit your timeshare contract? The timeshare resort may make it difficult for you to end your legal commitments after the rescission period. In this article, we will explore how a legal team can help in facilitating your timeshare exit.

What are Timeshare Exit Attorneys?

Some lawyers have years of experience working in the timeshare exit industry. Their experience makes them experts in various legal strategies to get clients out of their timeshare contract, even after the rescission deadline.

Do You Need Them to Exit Your Timeshare Ownership?

Timeshare contracts are legal agreements. By signing them, you agree to obey the terms and perform the duties outlined in them. If a resort company is desperate to keep clients, they may not allow timeshare owners to easily get out of this agreement.

Can a Legal Team Help You with Your Timeshare Exit?

Timeshare resorts often want you to contact them if you wish to cancel or exit your timeshare contract. Some resort companies try to persuade timeshare owners that there is no way out of the contract. These companies want timeshare owners to think that the best option is to continue to comply with the contract terms.

4 Reasons to Get a Timeshare Exit Lawyer

In addition to representing your interests in the negotiation process, hiring a legal team also has other advantages.

What is a timeshare exit?

Many “timeshare relief” companies, so called “timeshare exit” companies, will charge excessive fees based on the amount of the “timeshare lien” (i.e.“Timeshare Note”), which just takes more of money from people that can’t afford to pay right now.

Can a consumer lawyer handle a timeshare mortgage?

Legal Knowledge is the main thing, like a Timeshare Lawyer who knows how to handle the legal hurdles holding you back. So if you have a timeshare mortgage, a Lawyer is the one familiar with these instruments, ...

When Lawyers Might Not Be Necessary

Timeshare lawyers are often very effective in getting the job done, but many times they can be overkill. Most timeshare contracts have a brief rescission period at the beginning. While these can be more complicated than you think, they usually do not need the services of a lawyer to get them accomplished.

Finding a Balanced Approach

At Centerstone Group, we understand that timeshare exit strategies are not a one-size-fits-all kind of business. That is why our team separately evaluates every case that comes in the door to see what the most appropriate exit strategy is for each client.

Get the Best Team for Your Case

When you’ve been targeted by scams or otherwise treated unfairly, lawyers are an invaluable resource for dealing with the timeshare industry. They are not always the best solution for any timeshare problem, though. Don’t make the mistake of thinking that the most expensive solution is always going to be the best one.

What happens if you want to cancel your timeshare after your rescission deadline has passed? Here are the key things to keep you informed, savvy, and discerning if you decide to work with a timeshare cancellation attorney

If you find yourself past your timeshare contract’s rescission period, you may be looking to hire a timeshare “cancellation” attorney to help you explore whether there’s still a way to get out of your timeshare. Let’s explore your options (in addition to the must-know details):

Know the Difference Between Cancellation and Exit

Cancellation, in timeshare parlance, generally refers to the narrow window of time after purchasing your timeshare when you are legally allowed to cancel (more on cancellation here ). Exit, on the other hand, refers to the process of getting out of your timeshare after the cancellation window has passed.

Explain your Situation (Documentation Helps!)

A timeshare cancellation attorney should have knowledge of your state’s rescission window and will simply need to know the details of your contract, as it may specify a delivery method or other key information to include.

Find an Attorney with a Record of Results

If you do go forward with a timeshare cancellation attorney (or one that specializes in exit), make sure to do your research. The timeshare industry generates over $10 billion in annual sales in the US alone.

Compare Prices

Your timeshare was a substantial purchase; letting go of it shouldn’t be an exorbitant expense. You’ll want to find an attorney who will work within your budget. Pay attention to how they are asking to be paid.

Explain Your Situation

Whether you simply no longer wish to use your timeshare or you feel you were deceived by sales misinformation, be totally transparent while speaking to your cancellation lawyer.

Get a Second Opinion (and a Third)

As with any major financial decision, it’s always wise to compare quality, and cost. Thorough research can help you determine the firm that’s best equipped to work with you. And in an effort to provide insight for timeshare owners seeking cancellation, ARDA has established the Coalition for Responsible Exit.

2. Ask a timeshare company to take the property back

Another way to get out of a timeshare is using a timeshare deed-back – it remains a legal and low-cost solution. Contact a resort to consult in terms of giving a timeshare back.

3. Use services of timeshare exit teams

Even better than hiring a lawyer is applying to the experienced teams specialized in a timeshare industry. The professionals will work with your timeshare exit problems to help you get rid of the ownership fast and without any hassle.

image