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Vacationing in Mexico is appealing for many reasons. The weather is a big one – but that’s just the start. There are also the beautiful beaches to consider, along with the friendly people, tasty food, and more. Timeshares are extremely popular in Mexico because this is an excellent place to take a trip and get away from the hustle and bustle of regular life.
Unfortunately, owning a timeshare in Mexico is not always the kind of experience that you dream of at first. It quickly gets expensive, and you might not be able to use it often enough to make the investment worth it in the long run. When that reality sinks in, getting out of your timeshare is going to become a top priority.
MexLaw is a leading exit option for those who own a timeshare in this country. Below, we’ll take a closer look at what MexLaw offers to help you determine if reaching out to this business is worth your time.
Checking Out the MexLaw Website
I always visit the website of any timeshare exit company I’m reviewing first to see what they say about their services. In the case of MexLaw, you’ll quickly see that the term “timeshare exit company” isn’t really accurate in this case – this is a Mexican law firm that covers a long list of different types of cases.
With that said, they do offer timeshare services, so it’s worth taking a closer look at what that means. In addition to helping people cancel timeshares, they also will consult with you about timeshare ownership and answer any questions you may have. The page also discusses timeshare resale fraud schemes and mentions that you can reach out for help if you have been a victim.
One thing that is of note on the Timeshare Services page is that they appear to focus mostly on helping people cancel their purchase when they are still within the five-day grace period that exists in Mexico after a timeshare contract is signed. If you realize you’ve made a mistake and want out, you can get out within five days.
But here’s the thing – you don’t really need a service for that. You can simply inform the timeshare, in writing, that you want to cancel the deal, and they have to oblige. There really isn’t any reason to pay a third party for help when the law is designed to make it easy for you to do the cancellation on your own.
Are There Any Reviews Available?
Beyond looking at a website, checking on reviews is another good way to see what a business has to offer you. Of course, reviews are easy to find online, and you can start with Google as an easy source to reference.
As you can see from the image below, MexLaw has collected hundreds of Google reviews, and they are overwhelmingly positive. That’s good. Plenty of people have utilized the services provided by this business and most of them have been happy. As a prospective client, that’s exactly what you would want to see.
The only cause for concern here is that virtually none of these reviews relate directly to the timeshare services that are offered. As mentioned earlier, this firm does many different things, and if you read through the reviews, you’ll notice that the past clients aren’t mentioning timeshares. They are talking about other types of cases that required legal representation in Mexico. So, it’s a good thing to see that the business is so well-respected, but you might want to ask specifically about how much experience they really have with timeshares before you move forward.
Getting Out of Timeshares is Tricky But Possible
It’s no secret that it’s hard to get out of a timeshare. That’s why you are here, after all. But if you believe everything you read on the internet, you might come to the conclusion that it’s downright impossible to leave your timeshare contract successfully. That’s not really right, either.
The reality is that it is tricky to get out in many cases, and it can take a while, but it is possible. First, you should understand that you always have the legal right to sell your timeshare. If you own it, you can sell it. That doesn’t mean it will be easy to sell, or that you will get much money back from the sale, but you can explore this path out.
If you’d like to try to sell your timeshare, list it on some of the online marketplaces that exist for this purpose. You’ll quickly notice that there are far more sellers than buyers on these platforms. That’s okay. You aren’t banking on this as a guaranteed exit strategy – it’s just one of the paths you are going to be exploring. If you do get a legitimate offer from a buyer, strongly consider taking it so you can move on right away.
Another way to leave your timeshare is to simply tell the timeshare company that you want to leave. That might sound far-fetched, and it certainly doesn’t work all the time, but it can actually pay off in some cases. It’s possible that your timeshare will have an offer available that allows you to give back the contract and walk away. They would do this so they can sell your contract to someone else, but the motivation doesn’t really matter. As long as it gets you out, you should be thrilled with the opportunity.
Don’t Do Further Financial Damage
I really don’t want you to get into any further financial trouble as you make your way out of your timeshare. It’s possible to make a mistake here by signing on the dotted line with a timeshare exit company that shouldn’t be trusted. If you hand over money to a business that isn’t going to get the job done in the end, you’ll have wasted even more money and will be left standing right where you started.
The best course of action here is to work with an exit company or law firm that is going to use escrow services to hold your money while they work. That means you aren’t exposed from the start and have some measure of protection on your side. If the company delivers and you are free of the timeshare life, you’ll happily agree to have the escrow released. If not, you should be able to get some or all of your money back, depending on the terms of the agreement.
If you only take one thing away from this article, let it be the tip that you should never hand over all of your money upfront to a timeshare exit company without a good way to get it back. That’s just asking for trouble.
Frequently Asked Questions
Have a lot of questions about timeshare exits? I know the feeling. I’ve picked up a lot of information about this industry over the years, and I enjoy sharing what I know with others. Here are some FAQs that may help you understand what you are facing.
Q: Is my timeshare still worth what I paid for it?
A: No – it’s not. I can say that with confidence without knowing any of the specifics of your case. Timeshares really aren’t worth what you pay for them on the day you sign the papers, let alone years later. It’s quite likely that your timeshare has basically no value on the open market, which is a big part of why it’s so hard to get out of your contract.
Q: Will my timeshare be canceled if I just stop paying for it?
A: No. If you stop paying on your timeshare account, you’ll simply run into a bunch of problems with your credit and potential legal action on the part of the timeshare company. Stopping these payments is not an exit strategy and you shouldn’t listen to anyone who says otherwise.
Q: Do my children have to inherit my timeshare?
A: They do not have to accept ownership of your timeshare as part of their inheritance. If they don’t wish to take over the rights – and responsibilities – of the timeshare, they should decline it right away. Once an heir takes the timeshare and starts making payments, they are stuck with it for the long run.
Want to Have a Chat?
There is a lonely feeling that often comes along with being stuck in a timeshare. Even though you know you aren’t the only person in this situation, it feels that way – and it’s extremely frustrating. Start to turn the page on this chapter of your life by calling us today at 833-416-8796 to talk about how you can get out and move on. It might be a long journey in front of you, but the first step is always the most important. Call now and let’s make a plan for you to move on.