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Have you been trying in vain to get out of your timeshare for months – or even years? You aren’t alone. Plenty of people are stuck in the same position, which is why the timeshare exit industry has grown so significantly in recent years. With more and more timeshare owners wanting to get out, and struggling to do so, plenty of businesses are offering assistance.
They aren’t all created equal, however. One of the many options available is Loit & Murguia, and that’s the business that we will review on this page. In just a few minutes, you should have a better idea of whether or not Loit & Murguia may be the right fit for what you need to accomplish. Let’s get started!
Browsing Their Website
We’ll start our review by heading right to their website and seeing what we find. The page featured in the screen capture below offers some information and advice to people buying a timeshare while on vacation in Mexico.
Right off the bat, I like that they are providing helpful information. That’s a good sign. Some of the businesses that work in this space are in a hurry to do nothing more than sell to you right from the start. On this page – which is a blog post – they are offering some helpful information and giving you insight into how the laws around timeshares in Mexico work. Even if you never pay them a dime, you can learn from what is included in this blog post and use it to help you make smart decisions.
I also appreciate that the “Team” page includes great detail about the people who work in this firm. That’s important. You can look at their names, licenses, education, experience, and more. There can never be too much transparency when it comes to making sure you are working with qualified people on your timeshare exit.
One thing I will say that might cause you to think twice is that this legal practice doesn’t seem to be particularly focused on timeshares. They state that they are available to represent clients in timeshare matters in Mexico, but this only appears to be a small part of what they do. The rest of their site focuses on other types of legal services. I don’t think this should rule them out as a potential option, but you’ll need to think about whether you want a specialist in timeshares on your side, or a general lawyer who may have a bit of timeshare experience.
Looking Around for Reviews
Every business is going to look good when you only read their website. That website is a marketing tool, however, and the business is going to be positioned as the ideal solution to your needs. Do past customers agree with how well the business performs? That’s a different question, and looking up online reviews is a helpful way to get to the bottom of the matter.
There isn’t going to be a ton for you to go off of in terms of reviews of this legal practice. For example, their Yelp listing has just a single review, and it is not a positive one. That doesn’t mean that the practice can’t deliver results for clients, but any good history of performance is not represented on the web in any obvious way.
It’s hard to know exactly how to proceed when a business has just a single review on the web (at least, that I could find). I don’t necessarily think that a lack of feedback should eliminate a business from your consideration, but you probably would like to see a bit more before you commit to working on such an important project together. If nothing else, you may want to ask why they don’t have many reviews if you decide to reach out for more information. The answer to that question might provide you with some insight into how the practice actually operates.
How Do People Leave Timeshares?
If you were to believe everything you read on the internet, you might come to the conclusion that it’s absolutely impossible to leave a timeshare. That’s simply not true. Yes, it can be difficult, and there certainly can be some frustrations along the way. But you shouldn’t give up just yet.
As a starting point, I always recommend that unhappy timeshare owners reach out directly to the timeshare company to discuss the situation. It’s important during this process to be level-headed and patient. Even if you view the timeshare company as the enemy at this point, be courteous and respectful throughout the process.
What you want to find out is if the company offers any kind of exit options for owners who would like to be done with their timeshares. Sometimes, these kinds of offers are called a “deed back” program – basically, you just give the contract back to the timeshare company and walk away. You don’t get any money but you are free from the responsibilities that the contract features. Should you be offered this type of exit, you’ll want to strongly consider taking it so you can move on.
While you attempt to get out of your timeshare by working directly with the company, you can also explore selling the contract to another party. This is something you have the right to do as an owner. The hard part is finding a buyer – while there are plenty of places to list your timeshare for sale online, the pool of interested parties is usually pretty shallow. It’s worth a try, however, as getting an offer would be an outstanding opportunity to escape and even come away with a few dollars to show for it.
You’ve Wasted Enough Money Already – Don’t Waste Any More
One of my primary missions when helping timeshare owners get out of their contracts is making sure they don’t lose any more money than has already been lost. What I’m talking about here is being taken advantage of by a timeshare exit company that isn’t going to deliver on their promises. If you pay a bunch of money upfront to an exit company you hope will serve you well, you’ll be taking a big risk. Should they happen to come up short and refuse to send back your money – or just disappear – you’ll be left in an even worse position.
This is why I always point people to timeshare exit services that offer the use of escrow or some other type of robust protection. With escrow, your money isn’t handed to the exit company until you approve their work and say the money can be released. This is great protection to have on your side and it will help you sleep better at night.
Frequently Asked Questions
What is it that you would like to know about timeshares and timeshare exits? If you have plenty of questions rolling around in your mind, the answers just may be found below.
Q: How long does it take to leave a timeshare legally?
A: There really isn’t a good answer to this question, as frustrating as that might be. You could get out of your timeshare in a matter of days if luck is on your side, while other people may struggle for months or even years with this matter.
Q: I thought I could sell my timeshare when I was done with it. Is that not an option?
A: You are welcome to sell your timeshare to anyone who is interested in purchasing it. Finding a buyer is the tough part. Timeshares aren’t particularly appealing for a variety of reasons – but if you do find a buyer, selling is absolutely a good way to get out.
Q: I planned to use my timeshare as an investment. Should I hold onto it for the long term?
A: No – timeshares are not a good investment and there is no reason to think that yours will accumulate value over time. It’s up to you to decide if you want to keep the timeshare or not, but holding onto it in the hopes of it gaining value in time would be a mistake.
Don’t Go Another Day Without Making a Change
Can you get out of your timeshare today? No – probably not. Does that mean it’s best to just ignore this problem and spend your time dealing with other things? Also no. The sooner you start working on your timeshare exit, the sooner this problem will be a thing of the past. Call us now at 833-416-8796 to talk about your situation and discuss the various options for moving forward. Things aren’t as hopeless as they might seem with regard to your timeshare and this phone call could be the first step on your way out. Let’s chat today!