What is Timeshare Exiting?

Timeshare exiting is the process of getting out of your timeshare and stopping your future maintenance fees. Most timeshare owners that pursue a timeshare exit service have first tried to sell their timeshare, but were unsuccessful. It can be extremely difficult to sell a timeshare on the resale market because there are so many already available for sale online on sites like Ebay for $1. Unlike traditional real estate, most timeshares decrease in value significantly after purchase.

Timeshare Exit Scams

When shopping around for timeshare exit solutions there are a few things to keep in mind:

1. Make sure the company you’re considering has some sort of money-back guarantee or escrow payment option. A company that offers a no up-front fee escrow payment option is your safest bet, but not a lot of companies offer this payment option.
2. Avoid companies that do not have an online presence. If they don’t have a website, they’re likely a scam.
3. Avoid companies with a poor BBB rating.
4. Avoid companies that do not have a track record of successfully getting timeshare owners out of their contract.
5. Always get everything in writing!
6. Always shop around.

Timeshare exit companies operate in various ways. Some require paying up-front and others allow you to pay a portion of the cost of the service with a no up-front fee escrow payment option. Not all companies that require paying up-front are a scam, but you need to be careful because some exit companies in the past have taken customer’s money up-front and then never cancelled the timeshare.

Timeshare Exit Cost

There are a lot of timeshare exit attorneys out there and some may be significantly cheaper than others. Some may charge $10,000 while others only $2,000. If they both offer a money-back guarantee, are in good standing with the BBB, and have other successful case studies, consider the cheaper option.