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Disclosure: We receive compensation if you choose to speak to one of the recommended timeshare exit companies mentioned here. The following information is for educational purposes and is not to be considered professional or legal advice.

Timeshare Mortgage Cancellation


Having a high timeshare mortgage balance can be a burden when you’re looking to sell or cancel your timeshare. Trying to sell a timeshare with a mortgage balance is kind of like trying to sell snow to an Eskimo. Selling a timeshare on the resale market is already extremely difficult, but when you add in a mortgage balance at a 17% – 23% interest rate, it’s nearly impossible.

So, what options do you have left? Well, you could try to give the timeshare back to the resort in which you purchased it from, but this option may not be available to you.

Fortunately, there are a few things you can do if you’re looking to get rid of a timeshare with a mortgage balance.

How To Get Rid of a Timeshare With a Mortgage Balance

In some cases, you might have legal grounds to cancel your timeshare and mortgage balance. You may even be refunded some of the money of the initial purchase price. This is rare but not impossible.

Take the situation with the Manhattan Club timeshare in New York for example. This timeshare resort sold more timeshare units than there were available at the resort. This resulted in a lawsuit that the owners won. These owners are now going to receive a total of $6.5 million in restitution from the Manhattan Club over the next three years.

Typically, you’ll be more likely to cancel your timeshare and mortgage balance if the resort’s salesperson said untruthful things during the sales presentation. If something untruthful is written in the actual contract, you’ll have an even better chance.

Consider the questions below to see if you’re a likely candidate for a timeshare mortgage cancellation service.

    • Did the timeshare resort tell you about the recession period available in most states? This is a short period of time, usually a few days to week, that you are legally eligible to rescind the timeshare through the state for a full refund.
    • Were you told that the timeshare resort will buy your existing timeshare if you agree to buy their timeshare instead, but later learned the timeshare resort did not actually buy your existing timeshare?
    • Did the timeshare resort advertise no or low interest financing but then charge you interest on the loan?
    • Were you told that you’d receive a tax benefit when purchasing a timeshare?
    • Were you told about the fees associated with exchanging your timeshare for different locations around the world?
    • Did the timeshare resort refuse to give you your gift if you didn’t purchase the timeshare?
    • Were you told the timeshare purchase is an investment that will increase in value?
    • Were you told the timeshare resort will buy the timeshare back when you no longer wish to own, but later learned this to be untrue?
    • Were you told your maintenance fees would never go up when they did in fact go up?
    • Were you told the tour would be 90 minutes, but ended up lasting more than 3 hours?
    • Were you asked to join a dinner party or owner update meeting only to later find out this was a sales presentation instead?

If you answered yes to any of these questions, you may be a good candidate for a timeshare mortgage cancellation service. Fill out the contact form on the right side of this page or initiate live chat in the bottom right hand corner of this page for a free consultation.

What Happens If I Stop Paying My Timeshare Mortgage?

A timeshare mortgage is like any other kind of debt. If you stop paying the timeshare mortgage balance, there is a good chance the timeshare resort or resort developer will sue you and/or foreclosure on your timeshare. Eventually, this will negatively affect your credit score for the next 7 years. It is not advised to simply stop paying your mortgage and maintenance fees. Instead, fill out the contact form on the right side of this page or initiate live chat in the bottom right hand corner of this page for a free consultation.

Timeshare Exit Companies

Timeshare exit companies may be able to help you get rid of a timeshare with a mortgage balance. If you choose to work with a timeshare exit company, we recommend choosing one that offers an escrow payment option so the timeshare exit company does not get paid in full until after the timeshare is cancelled. Learn more about escrow and why it’s important here.

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