Last updated September 6th, 2022
Redemption and Release is another timeshare relief firm that may be able to help with your timeshare cancellation. According to the BBB, the business was started in 2011.
A review of the homepage and we see that Redemption and Release mentions the following, “We remove ‘Perpetuity of ownership,’ so your children WILL NOT be forced to take over your timeshare headaches.” This is a common misleading statement made by most timeshare exit companies. The timeshare exit companies want you to think that your children will be forced to take your timeshare upon your death, but this simply isn’t true. If your children don’t want to take the timeshare upon your death, the children simply do not have to take it. You don’t need a timeshare exit company to help you with this…
Reading further on the homepage and we see that Redemption and Release works to “redeem” your timeshare, which is apparently a little different from cancelling a timeshare. This is explained in more detail on the How it Works page. Apparently, Redemption and Release has partnerships with Inventory Aggregates that buy a lot of timeshare weeks for next to nothing. These Inventory Aggregates use the timeshares in their travel club programs, which is why they are buying the timeshares that no one else will buy. Although the process looks a little different from traditional timeshare cancellation, it appears the result is the same – owners get out of their timeshares and never having to pay maintenance fees again.
On the Testimonials page it’s no surprise that we see nothing but 5-star reviews. Companies typically do not show negative reviews on their website.
Heading over to the FAQ page and we see that Redemption and Release admits to charging an up-front fee. They justify this fee by saying they offer two 100% money back guarantees. As we mentioned extensively on our website, we only recommend working with companies that offer an escrow payment option, so the timeshare exit company is only paid in full after your timeshare is cancelled. Learn more about escrow and why it’s important here.
Lastly, when reviewing Redemption and Release’s Timeshare Divestment page, we see that the company offers a price match guarantee. This is an interesting marketing strategy that we haven’t see with any other timeshare exit company. While the company may offer lower fees, our recommendation to only work with a company that offers an escrow payment option does not change. The risk is simply too high. Resorts are suing timeshare exit companies left and right, and you never know when one will go out of business. If the company goes out of business, what guarantee do you have that your money will be refunded?
Redemption and Release Reviews
There aren’t many reviews for this company around the Internet that we can find. You may be better off looking for reviews of Resort Release as these two companies are under the same leadership and Resort Release has hundreds of mostly positive reviews online, which is a good sign.
Redemption and Release Cost
Like pretty much all timeshare exit companies, Redemption and Release costs are not available online. This is understandable because each timeshare is different. Owners with mortgages on their timeshare may be facing significantly different fees than someone without a mortgage.
Overall, we still recommend working with timeshare exit companies that offer an escrow payment option, so you are 100% protected from all possible scams. Learn more about escrow and why it’s important here.
Fill out the contact form on this page or initiate live chat for more information on exiting your timeshare with an escrow payment option.