Fastest Exit is a relatively new timeshare exit company based out of Scottsdale, Arizona. The company was incorporated in April, 2019.
This company came to our attention from a live chat conversation we had with a Club Solaris timeshare owner a few days ago. This timeshare owner told us that Fastest Exit contacted him and told him that Fastest Exit could get the total amount paid for his timeshare returned if he joined a class action lawsuit against Club Solaris. Most legitimate timeshare exit companies do not cold call customers out of the blue like this, so our alarm bells began to ring. The timeshare owner further went on to tell us that Fastest Exit told him that it got a full list of all 40,000 members of Club Solaris from the Profeco Consumer Protection group of Mexico. Again, alarm bells. It’s very unlikely that Profeco, a consumer protection group in Mexico, would give Fastest Exit a full list of members at Club Solaris.
So, we looked at the Fastest Exit website to investigate.
After reviewing the website a few things stand out to us. On the FAQ page the company says that if you want to recover money from your timeshare, contact Fastest Exit for help. However, on the /exit-your-timeshare page Fastest Exit says it won’t buy your timeshare and doesn’t recover money that has already been paid for the timeshare. A confusing start.
Heading over to the Scholarship page and we see that Fastest Exit is offering a scholarship to those who write an essay answering two questions. One question asks the students to write about why it makes sense to pay an upfront fee to exit your timeshare. More alarm bells. We like to recommend timeshare exit companies that offer an escrow payment option so the timeshare exit company does not get paid in full until after your timeshare has been cancelled. When you pay a timeshare exit or resale company upfront, you have no idea if the company is going to do what it says it is going to do. You could pay the company upfront, and the company may never cancel your timeshare. When you pay with escrow, the company has an incentive to complete the work it was hired to do. Learn more about escrow and why it’s important here.
Fastest Exit is not a law firm. On the company’s FAQ page it states that most timeshare exits do not need a lawyer. Instead, most exits can be done directly with the resort. If this is true, it begs the question, why would Fastest Exit’s services be needed if an exit can be obtained directly from the resort? Why wouldn’t a timeshare owner simply contact their resort themselves and cancel the timeshare on their own? After all, many timeshare developers now offer “deed back” or “take back” programs that will take a timeshare back when an owner no longer wants it.
Fastest Exit Cost & Fees
Like most timeshare exit companies, the Fastest Exit costs are not available on its website. The company does indicate that it is less expensive that a lawyer.
Fastest Exit Reviews
Fastest Exit reviews are difficult to locate on third party websites around the Internet. There are several reviews on the Fastest Exit website, but it’s typically not a good idea to trust reviews on a company’s own website because most companies only display positive reviews. Video reviews are a bit more trustworthy, but in this case we don’t see any video reviews.
In summary our recommendation does not change. Work with a timeshare exit company that offers an escrow payment option for extra piece of mind when cancelling your timeshare. Learn more about escrow and why it’s important here.
Or, give us a call, initiate live chat or submit a contact form on the right side of the page for a free consultation.