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Timeshare Contract Loopholes

Every contract is only as strong as the language and details that it contains. Most people just assume that a contract they sign is solid in every way, but that’s often not the case. Contracts may include clauses or elements that render them invalid in certain situations, but you’ll actually need to look into the details to know if that is the case.

I’m assuming, since you landed on this page, that you want to get out of your timeshare contract and move on. If that is the case, take some time to read this page and learn more about what options might be available to you as a timeshare owner. It might not be easy to get out of your contract, but others have done it before you, and the potential rewards of savings and freedom are worth your effort. Let’s get started!

The Reality of Timeshare Loopholes

I’ll get the bad news out of the way right from the start – getting out of a timeshare through a loophole in the contract is mostly a thing of the past. There have been laws passed in recent years to tighten up what allows buyers to get out of contracts since so many people are looking for a way out of a timeshare.

It’s a sad reality that unless your contract has a major flaw and an obvious way for you to be able to leave, you are probably stuck in the situation that you are in currently. That doesn’t mean that you can never leave the timeshare – we’ll talk about some other options below – but using a loophole may not be the right path to explore. Some timeshare exit companies might offer to look over your contract and find loopholes for you but don’t fall for that marketing.This path out is pretty much a no-go these days.

With that said, you should still read your timeshare contract carefully to see what it says and determine if there is anything in there that might be able to help you later. For example, you may come across a clause that discusses how you can leave the timeshare when you want to be done. Reading through the contract won’t be exciting, and it might not reveal anything that you don’t already know but set aside some time to do it and gather up as much information from the experience as possible.

Could You Sell Your Timeshare?

If you aren’t going to be able to get out of your timeshare through a loophole in the contract, the next option you may want to look at is selling the timeshare. Much like a house, or a car, or virtually anything else that you own, a timeshare can be sold on the open market. There are online platforms that offer a place for timeshare owners to list their timeshares for sale and accept offers. If a buyer comes along who is interested in your timeshare and wants to make you an offer, you’d be wise to listen and potentially use this as your way out.

I won’t go too long in this section before getting to the bad news, however. The reality of selling timeshares is that most people aren’t in the market for one and you might not get any offers at all. As you already know, a timeshare comes with a lot of responsibility and restriction in terms of the money you have to spend and when and where you can travel. There are likely some people out there who would be interested in making this purchase, but you’ll have to find them, or they’ll have to find you.

For a moment, let’s imagine that you do find a prospective buyer. That individual probably won’t offer you much for your timeshare – they might only offer you a dollar to take over the contract – and that’s okay. You shouldn’t have high expectations when getting into this situation in the first place, anyway. As long as you can complete a sale, get a signature on the dotted line, and confirm that you are no longer the legal owner of the timeshare, you should be happy and consider it a win.

Consider Working with the Timeshare Company Directly

Instead of looking through the contract for loopholes that you can use to escape, consider actually working together with the timeshare company to talk about a way out. You won’t be the first unhappy owner to reach out about leaving, and you won’t be the last, either.

Since timeshares are used to dealing with owners who aren’t entirely happy with their experience, they will often have programs and offers in place to help people leave on good terms without having to get into a legal battle or stop making payments on the account. This often takes the form of a “deed back” program. This type of program is an offer where an owner can simply give back their ownership rights and walk away. You won’t get anything out of the timeshare in terms of a return on your “investment”, but you won’t be obligated to it any longer and can avoid further hassles.

Timeshares don’t always have deed back programs available. When they do, it’s typically because they would like to pad their inventory of timeshares to sell to new prospects. Whatever the case, call or email to ask about this kind of program and then follow up consistently. The number of deeds they will take back in a given time is generally limited so you don’t want to miss your opportunity if it does come along.

Partner with a Timeshare Exit Company

If you aren’t going to be able to get out of your timeshare by finding a loophole in your contract – which you probably aren’t – it’s going to take other means to get away. We’ve already talked about some of those other means above, like trying to sell or give back your timeshare, but you could come up empty with those plans, as well.

At this point, it might be wise to consult with a timeshare exit company about the situation. Working with an exit company is a compelling option because it will allow you to turn this project over to someone with more time to work on it and plenty of experience dealing with the timeshare industry. A good exit company will be able to explore various ways of leaving a timeshare and see which of those might apply to you.

Getting out of a timeshare using an exit company will cost you money, of course, but that could prove to be money well spent in the end. Should you wind up going in this direction, make sure to keep your money safe by putting it in an escrow account at the start of an agreement with an exit company. That will prevent them from just taking off with the money without doing any work. Plenty of exit companies are reputable and trustworthy, but certainly not all.

Frequently Asked Questions

There is no way we’ll be able to answer all of the questions you have about timeshare contracts on this one page, but we have collected a few FAQs below to quickly add to your base of knowledge on this important topic.

Q: Should I have a lawyer review my timeshare contract for loopholes?
A: It might be worth having a lawyer read your agreement to explain it to you in plain English, but don’t expect them to find a loophole that magically lets you leave. Most likely, you’ll have to get out of the contract using one of the other methods we’ve discussed.

Q: Can I just walk away from a timeshare?
A: Not without repercussions. There are going to be issues like credit damage and even possible lawsuits if you just stop paying on your timeshare and try to pretend like it doesn’t exist. You’ll be better off dealing with this matter upfront than trying to hide from it and hoping it goes away.

Q: How long do timeshare contracts last?
A: Unfortunately, it’s likely that your timeshare contract applies in perpetuity, meaning it doesn’t have an end date. Working on finding a way out of your timeshare can be a tough job but it will be worth the effort in the end.

Make Progress Toward an Exit

I can’t promise that you will be able to get out of your timeshare contract today. In fact, there is a good chance that it won’t play out that way, and you’ll need to work on this matter for some time before you find a satisfactory resolution. If you’d like to chat about your situation, either give us a call at 833-416-8796 or use our live chat feature. Get started as soon as possible and look forward to the day when you are no longer a timeshare owner.

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By providing my contact information I am giving TimeshareExitCompanies.com and its partners permission to contact me about this and future offers using the information provided including calls and text messages to my wireless telephone numbers. I also consent to use of emails and the use of an automated dialing device and prerecorded messages. I understand that my permission described herein overrides my listing on any state or federal do not call list and any prior listing on the do not call lists of our partners and is optional. I acknowledge that this consent may only be revoked by email notification to info@timeshareexitcompanies.com.