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Not to be too dramatic, but picking the right timeshare exit company is one of the best things you can do for your financial future. Owning a timeshare can take a serious toll on your finances, but if you are able to get out with the help of the right partner, things will suddenly look a lot brighter.
It is against that backdrop that I would like to take a closer look at ITT Exit. This is one of the many companies offering timeshare exit services today, and you might be looking for more information to determine if it is a good fit for your needs. So let’s figure that out below!
What is ITT Exit Review?
This is a timeshare exit company that professes to offer “100% Guaranteed” exits for clients who are trying to get out of a timeshare. What that guarantee means, exactly, isn’t particularly clear – nor is anything else on their somewhat makeshift website. To be honest, if we are reviewing this business based on its website alone, there isn’t much there that would cause you to take a second look and seriously consider partnering with this company to leave your timeshare.
The first of many problems with this website is the extreme lack of information. There just isn’t much to learn from here – there is a bit of content on the home page, but that content is vague and not particularly relevant to people trying to get out of a timeshare successfully. It is relatively obvious that little effort has been put into the website or the information provided on it, and not even all of the details on the contact page have been filled in properly.
With so many other entries in the timeshare exit industry to consider, there really isn’t any reason to give this company a second thought. If the effort that was put into the website is indicative of how much effort would be put into the task of getting you out of your timeshare, you’ll be in for an uphill battle. If you would like to explore some of the many other options on the market that might have more to offer, you’ll find many possibilities here on our site.
Are Any Reviews from Real Customers Available?
It’s not surprising to learn that there aren’t really any reviews to find on the web about this business. Given the quality of the website, it’s possible that this business has served very few clients over the years – if it has served any at all. So, you aren’t going to be learning anything about this business from past client reviews, so there is no help available in this area. Again, you’ll probably want to explore some of the many alternatives in this market before moving forward.
While you won’t see reviews for ITT Exit to consider, you can educate yourself on how to use reviews when looking into other businesses that you might hire for this purpose. The first thing to understand is that you don’t want to eliminate options or rule a company out just because of one or two reviews. Virtually every business is going to have one or two complaints, even if they do an excellent job overall. Try to use the overall trend of the reviews to make a decision, rather than just leaning on the comments of one or two people.
The other thing to keep in mind is that review volume matters. When a company has a lot of reviews, that points to an active company that is serving a lot of customers. It’s only a small percentage of people overall who leave reviews, so you can assume that a company is serving far more people than those who show up in the feedback sections.
The Many Ways to Leave a Timeshare
Even if you are going to get the help of a timeshare exit company to find a way out of your contract and move on, it’s still useful to understand how leaving a timeshare works and what your options might be. First, if you just purchased your timeshare within the last few days, look up the recission period in the area where you made the purchase. You might be able to get out of the deal under that legal protection before you get in any further.
If using the recission period isn’t going to work, you could try to sell the timeshare. This can be tough because of a lackluster market, but if you do find a willing buyer, jump at the opportunity to sell and be free of this obligation. Even if that sale is only for a single dollar, you could still count it as a win because you won’t be the legal owner any longer and you can just move on with a fresh start in your financial life.
Another potential path out is to get the developer to simply take back the timeshare so they can sell it to someone else. Believe it or not, this is something that happens from time to time, so you should check with the timeshare company directly to ask about any “deed back” programs they might have available. These programs tend to come and go, so you can feel free to follow up from time to time to see if things have changed from the last time you called. Don’t wait to act if there is a give back program that is active – this could be the best chance you have to walk away cleanly.
Stop Yourself from Making an Expensive Mistake
As you inch closer to leaving your timeshare, commit yourself to one thing – you aren’t going to waste any more money in this process. Sure, you might have to spend some money on legitimate services to get out, but you don’t want to see any of your hard-earned money leave without getting a return. Too much of that has already happened with the purchase and maintenance of the timeshare itself.
One mistake that I have seen over and over again, unfortunately, is timeshare owners handing over a significant amount of money to an exit company with no assurance they will deliver results. Sure, they might promote something like a “100% money-back guarantee”, but what does that really mean? What’s behind the guarantee?
The only way to keep yourself safe in this process is to make sure the exit company doesn’t get your money upfront. That means using an escrow service. With escrow, they won’t have your money upfront, and will need to get the job done before they do get the money. You’ll be protected, they will have motivation, and hopefully a successful conclusion will be soon to follow.
Frequently Asked Questions
It probably feels like you will never find the answers to all of the questions you have about leaving a timeshare. While it’s not likely that I’ll be able to answer every single thing on this one page, I can attempt to help by providing you with a few FAQs below.
Q: Do timeshares ever let owners just leave?
A: Yes, in some cases. When a timeshare wants to have more deeds available to sell to new buyers, they might offer a program that allows their current owners to simply give back the deed to their timeshare and move on. If you are thinking about leaving and you find out about one of these programs, make sure to take advantage before it is too late.
Q: Is foreclosure a viable way to leave a timeshare?
A: Yes and no. It’s true that allowing your timeshare to go into foreclosure would lead to the outcome of no longer owning that timeshare, but the damage to your financial life would be significant. If at all possible, it would be best to avoid this outcome and find another way out.
Q: Can a timeshare be given away or donated?
A: Yes, as long as the other party agrees to take it, which tends to be the hard part. If you can find someone else who is willing to formally take over ownership of the timeshare – it could be a friend, family member, or even a charity – then you’ll be in the clear moving forward.
Everything Is Easier with Help
It’s admirable to attempt to get out of your timeshare on your own, but it can be tricky to make that happen. What’s more likely is that you’ll finally find success when you have a partner on your side, whether that is ITT Exit or one of the many other options on the market today. If you want to talk to someone about your situation and your plans for moving forward, start now by calling 833-416-8796 to get in touch with our team and learn more about what it takes to leave a timeshare. Don’t wait another day!
