Timeshare Exit Team specializes in helping timeshare owners get out of their unwanted timeshares. They’ve been in business since 2012 and are based in Lynnwood, WA with offices all over the United States. They are much different from a timeshare resale company because they don’t claim to sell any timeshares. Instead, they focus on getting you out and stopping your maintenance fees as fast as possible.
If you own a timeshare, you signed a legally binding contract. Timeshare Exit Team® helps you break that contract. They start with a free consultation to assess your specific timeshare. If you meet their qualifications they will present you with a few options to get out of your contract. You’ll want to make sure you have as much documentation about your timeshare as possible before the free consultation to get the most accurate advice.
The timeshare exit process is expected to take between 9-18 months and the cost will vary by timeshare. However, a representative was quoted in saying that the average Timeshare Exit Team cost is $4,000.
If you qualify for Timeshare Exit Team’s services, they will work on your behalf until they’ve completely gotten the timeshare out of your name forever. If for some reason they’re not able to cancel your timeshare, they offer a 100% money back guarantee.
100% Money-Back Guarantee vs Escrow Payment Option
A 100% money-back guarantee sounds nice, but it doesn’t actually mean anything at all because you must pay the timeshare exit company up-front to begin work. The timeshare exit company could take your money up-front, and then go out of business. If this happens, you may have issues receiving your money back.
Several timeshare exit companies have recently gone out of business as of June 2019. A few of them include:
- Resort Release
- Castle Law Group
- UDI Consulting
- And more.
This is why we here at TimeshareExitCompanies.com only recommend timeshare exit companies that offer an escrow payment option. If you pay using an escrow account, the money is held by a third-party escrow company until your timeshare is cancelled. This holds the timeshare exit company accountable and gives them an incentive to complete the work they were hired to do. With escrow, the timeshare exit company does not get paid from the escrow account until AFTER your timeshare has been cancelled.
Timeshare Exit Team® offers an excellent solution for timeshare owners who are unable to sell or even give away their timeshares. However, before using any timeshare exit company you should educate yourself on alternative options before making a pricey mistake. One alternative option is to try sell your timeshare on the resale market for cash. Do a search on Ebay for your timeshare resort and look for ads that are most similar to your timeshare’s features (week number, number of rooms, view etc.). If there are people bidding on ads for your timeshare, you might be able to get some cash for it by selling it on the resale market.
Many timeshares aren’t worth much at all (with a few exceptions like Disney Vacation Club) and a vast majority of them will likely never sell, even for penny. However, if you can sell it, it’s probably going to be cheaper than hiring a timeshare exit company to cancel it for you, so don’t forget about this option.
Reviews From the Web
Timeshare Exit Team has an A rating with the BBB and positive reviews around the web. They’ve been nationally endorsed by Dave Ramsey who is a popular financial advice personality on the radio and on television. They have over 30 office locations and run multiple radio ads throughout the country. We here at TimeshareExitCompanies.com have never used their service specifically, but based on their reputation around the Internet and success in getting people out of their contract, our Timeshare Exit Team® review concludes that this is a legitimate company.