How to Get Out of Your Timeshare Once and For All

tinyplanes October 13, 2018

When you first signed up for a timeshare, you thought it would be a lot of fun. You thought you would get to travel to all sorts of exotic places. However, it wasn’t all that you had hoped for. Timeshare cancellation is notoriously one of the hardest things to do. The good news is that there are solutions to getting rid of it.

Determine If You Want it Gone

When you own a timeshare, it may provide you with the opportunity to travel. You may want to think long and hard about whether you actually want to get rid of it indefinitely or if you want to “rent” it to someone else. Consider taking one last trip using the timeshare, especially if you have already paid the maintenance fees for it for the year.

Explore Your Options

You will have a few different options available to you when you want to get rid of your timeshare. Often, contacting the company does no good. They want to hit you with a lot of fees or wave your contractual obligations in your face. You may be able to sell your timeshare to someone else, but it may only be for a limited time, such as a year-by-year basis. Knowing all of your options will make it easier for you to decide what the best route to take is.

Use a Service

You can also use a timeshare termination service. This will ensure that you have someone working for you to handle the legal process, including transferring your name off of the timeshare deed. You can access an entire network of title companies, closing companies, and attorneys that will help you to get rid of your timeshare legally. All of the technical stuff can be done for you so that there’s one less thing for you to worry about.

If you decide that you no longer want the timeshare that you signed up for many years ago, you can stop paying all of the maintenance fees. You can get your name transferred off of it so that you can be done with the timeshare and take back your finances.

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