SMALL PNG VSMALL PNG

Free Consultation: 833-416-8796

Search
Main Menu

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

How To

Can You Get Out of a Wyndham / WorldMark / Shell Timeshare?

Table of Contents

Certified Exit – backed by Wyndham™

You May Not Qualify for the Program

How To Find a Reputable Timeshare Exit Companay

Wyndham Class Action Lawsuits

Selling Wyndham Timeshare on the Resale Market

Common Timeshare Resale Scams

How To Get Out of a Wyndham Timeshare Presentation

Summary

Club Wyndham is one the largest timeshare / vacation club companies in the world. The company owns and operates around 230 resorts around the world under the following brands:

  • Wyndham
  • WorldMark
  • Shell
  • Margaritaville Vacation Club

Wyndham also owns RCI, the largest timeshare exchange company in the world.

There are a variety of reasons why you may want to get out of Wyndham timeshare. Perhaps your vacation habits have changed and you no longer travel as much as you used to. Or, maybe you’re simply displeased with the Wyndham Vacation Ownership product. The following are a few of the top complaints:

  • Points expire annually if they go unused.
  • Maintenance fees increase regularly.
  • Can be more expensive to use Wyndham Points than to book a vacation through another, non-Wyndham non-timeshare company.
  • Limited availability for timeshare owners at many destinations, but space at the same destination is available for non-Wyndham timeshare owners in the same time period.

You’re not alone with these complaints either as a simple Google search for “Wyndham timeshare complaints” on Google returns several negative reviews on various websites:

  • 838 Complaints on the BBB as of 5/26/2021 and an aggregate 1 out of 5-star rating.
  • Aggregate 1 out of 5-star rating by Consumer Affairs out of 117 consumer reviews as of 5/26/2021.
  • Aggregate 1 out of 5-star rating by Yelp out of 178 consumer reviews as of 5/26/2021.

Luckily, if you’d like to exit Wyndham timeshare, you have options.

Certified Exit – backed by Wyndham™

Unlike many other timeshare companies, Wyndham offers some of its owners an exit option directly through its Certified Exit – backed by Wyndham™ program. This relatively new program replaces the previous “deed back” program called Ovation by Wyndham.

These programs were designed to help you get rid of Wyndham timeshare safely, quickly and cheaply. According to Wyndham, the company has helped owners successfully exit from more than 85,000 contracts over the last five years.

You May Not Qualify for the Program

Although these programs are advertised as the best way to get out of Wyndham timeshare, the fact of the matter is, not all owners will be able to take advantage of them to completely rid themselves of their timeshare and all associated debts and fees.

For example, if you owe a mortgage on the timeshare, it will likely be extremely difficult to sell your timeshare through one of Wyndham’s featured resellers until the loan is paid off. Why would someone want to buy a timeshare with a loan on it if you can buy the same timeshare on eBay for less than $1,000 without a loan?

If you opened up a new credit card outside of Wyndham when purchasing the timeshare, you likely won’t be able to cancel that debt when attempting to deed back your timeshare to Wyndham. That debt is now held with a completely separate 3rd party.

Getting out of any debt you have directly with Wyndham instead of paying the debt off may also be difficult if you’re not facing a personal tragedy of some sort. This is where timeshare exit attorneys may be able to help you cancel Wyndham timeshare if you feel were lied to or deceived during the timeshare presentation. These lawyers specialize in holding timeshare developers accountable for statements made while the timeshare was being sold.

How To Find a Reputable Timeshare Exit Company

Our website was created to help timeshare owners find a reputable timeshare exit company that may be able to help them resolve their timeshare issue. Our #1 recommendation when shopping for a timeshare exit company is to work with one that offers an escrow payment option. When you pay a timeshare exit company with an escrow payment option, the timeshare exit company isn’t paid in full until after the timeshare issue has been resolved. Learn more about escrow payment options and why they’re important here.

Some other things you may want to consider when choosing a timeshare exit company include:

  • A rated with the BBB with few complaints
  • Several years in business
  • A physical office address rather than a PO box
  • A professional looking website
  • A written contract for any services rendered

View the top timeshare exit companies here.

Wyndham will likely advise you to never work with any timeshare exit company because Wyndham has no interest in getting into legal battles over its sales practices. The timeshare developer has been involved in several class action lawsuits for its sales practices in the past. Take a look at a few of them below:

Wyndham Class Action Lawsuits

Typically, you won’t need to do anything to receive compensation from one of the class action lawsuits. If the courts deem you eligible to receive compensation from the lawsuit, you should receive a check in the mail.

If you’d like to do more research on each class action lawsuit, have a look at the following:

Carolyn Nolen, et al. v. Wyndham Vacation Resorts Inc., et al., Case No. 6:20-cv-00330-PGB-EJK, in the U.S. District Court for the Middle District of Florida.

David DuBose, et al. v. Wyndham Vacation Resorts Inc., Case No. 1:20-cv-01118-UNA, in the U.S. District Court for the District of Delaware.

Deneen, et al. v. Wyndham Vacation Resorts Inc., Case No. 1:19-cv-05499, in the U.S. District Court for the Northern District of Illinois.

David J. Kriens Sr., et al. v. Wyndham Destinations Inc., et al., Case No. 6:19-cv-01650-RBD-EJK, in the U.S. District Court for the Middle District of Florida at Orlando.

Selling Wyndham Timeshare on the Resale Market

Selling your Wyndham timeshare on the resale market may be an option if you do not owe a mortgage. We typically like to recommend the following low-cost resale platforms when selling Wyndham timeshare:

  • Craigslist (free)
  • Ebay ($50)
  • Myresortnetwork.com ($34.95)
  • tug2.com ($15/year membership)
  • Redweek.com ($59.99 – $125)

If you’re able to find a buyer on one of these platforms yourself you can save on the costs associated with hiring a timeshare resale broker. You’ll need to figure out how to transfer the timeshare to the new buyer all by yourself though, which can be dauting for those new to selling timeshare.

For a hassle-free selling experience, you may want to use the services of a timeshare resale broker instead. A broker will find a buyer for you, but will likely take around 50% of the final sales price as a commission. Wyndham works with several featured timeshare brokers that would likely be a good option. These brokers will likely be recommended to you if you choose to reach out to Wyndham directly through its Certified Exit program.

Common Timeshare Resale Scams

Always watch out for companies that want to charge you a high up-front fee before selling your timeshare. Usually, these scams will say they will “advertise” your timeshare on their website until a buyer is found. The problem with these scams is that your timeshare will be thrown on a website that doesn’t get any website traffic and is grouped up with thousands of other owners who still haven’t found a buyer for their timeshares.

A licensed timeshare broker or one of the websites shown above will almost always be your best option when attempting to sell a timeshare. Make sure to check the timeshare broker’s license with the state before engaging with a timeshare broker’s services.

How To Get Out of a Wyndham Timeshare Presentation

If you’ve ever visited a popular vacation destination such as Orlando, Las Vegas or Branson you’ve likely come across a timeshare salesperson at one point or another. Timeshare salespeople will typically try and lure vacationers into taking a 2-hour timeshare tour in exchange for free show tickets, gift cards or other free gifts. Although the gifts can be enticing, it’s usually not a good idea to go on the tour unless you actually plan to buy because timeshare salespeople are some of the best salespeople in the world.

If you think you can handle saying “no” and want the free gifts though, there are a few things you can do to get out of a Wyndham timeshare presentation quickly and without owning a timeshare.

  • Don’t ask questions. The more questions you ask, the slower the presentation will go.
  • Don’t treat the salesperson as your friend. The salesperson is not your friend. The salesperson is attempting to sell you a ‘product’ for several thousand dollars that you could easily buy online on eBay or Craigslist for $1.
  • Set an alarm on your phone. If the presentation was advertised as being two hours, set an alarm on your phone to go off after two hours. Show the timer to the salesperson and let them know they’ve run out of time.
  • Don’t divulge personal information about yourself. The more information you give the salesperson to work with, the more info they’ll have to use against you.
  • Don’t drink alcohol. This usually leads to poor decisions you wouldn’t make when you’re sober.
  • Practice being mean. This is the hardest part for many who attend a timeshare presentation. We grow up learning to be nice, so we’ve been trained not to interrupt and not be rude to those around us. Just remember that the salesperson is not your friend. The salesperson is your enemy. You don’t need to be nice to your enemies.

Summary

In summary, it’s much easier to get out of a WorldMark, Wyndham or Shell timeshare in 2021 than it used to be. Prior to 2016 many timeshare developers did not have any sort of “deed back” program available to owners looking to exit Wyndham timeshare. Now, most of the larger timeshare developers do.

The common trend among most timeshare developers is that they’re unwilling to take the timeshare back until the mortgage is completely paid off. If you find yourself in a situation with a high mortgage and you’d still like to get out, you may want to speak with a recommended timeshare exit company instead.

Still have questions? Give us a call at 833-416-8796, submit a contact form on the right side of the page or start a live chat.

Can You Get Out of a Wyndham / WorldMark / Shell Timeshare? Read More »

Can You Get Out of a Diamond Timeshare?

Table of Contents

Watch Out for High Up-Front Fee Timeshare Resale Scams

How To Complete The Sale of a Diamond Timeshare

Timeshare Resale Brokers

Can You Give Diamond Timeshare Back to Diamond

Get rid of Diamond Timeshare with a Timeshare Exit Company

Tips to Avoid Getting Scammed By a Timeshare Exit Company

Closing Thoughts

Owning a Diamond timeshare can provide you with years of enjoyable vacations, but at some point, you may find yourself wanting to get rid of Diamond timeshare. This can be a tricky task because most timeshares decrease in value significantly after purchase. Many timeshare owners have difficulty giving away their timeshare for free. This is why there are hundreds of timeshares being advertised by current timeshare owners on sites like eBay and Craigslist for as low as $1 with no buyers.

Some Diamond timeshare owners have found success with giving away their Diamond timeshare by offering to give prospective buyers a $500 – $1000 Visa gift card along with the sale in addition to paying all closing costs and transfer fees. This can make your advertisement stand out from others and increase the number of offers you receive.

Even with these added incentives, it can be hard to find someone that wants to buy your timeshare or take it for free, especially if you’re not advertising it in the correct places. As May 14, 2021 the best places to advertise a timeshare for sale online include:

  • Craigslist (free)
  • Ebay ($50)
  • Myresortnetwork.com ($34.95)
  • tug2.com ($15/year membership)
  • Redweek.com ($59.99 – $125)

These site’s all have one thing in common – low up-front fees.

Watch Out For High Up-Front Fee Timeshare Resale Scams

If you’re looking to sell your timeshare you may come across a few websites offering to “advertise” or “list” your timeshare on their website for a high up-front fee. These are scams designed to take your money. Typically, you’ll pay the high up-front fee and then your timeshare doesn’t sell. These websites do not have your best interests in mind. They’ve already been paid their up-front fee so they have no incentive to actually sell your timeshare after you become a customer.

You may have also been called out of the blue by someone offering to buy your timeshare. Typically, this person will offer to buy your timeshare at a higher price than what you paid for it. They’ll ask you to pay an up-front fee to cover things like “taxes” or “transfer fees” and once they collect this up-front fee, they’ll disappear with your money and you’ll still own your timeshare. If anyone offers to buy your timeshare for more than what you paid for it, it is almost always a scam. Why would someone buy your timeshare for more than what you paid for it if the same timeshare could be purchased on eBay or Craigslist for $1?

How To Complete the Sale of a Diamond Timeshare

To complete the sale of a Diamond timeshare, your timeshare will almost always need to be paid off first. You should also be current on any maintenance fees. If at one point you fell behind on your payments, it’s a good idea to make sure your timeshare has not entered the foreclosure process as well. A simple call to Diamond before the sale should be able to answer most of your sales related questions.

Timeshare Resale Brokers

Similar to a traditional real estate agent, a timeshare broker may be able to help with the sale of your timeshare. Timeshare brokers are licensed by the state, so they are usually very trustworthy.

Timeshare brokers typically work on commission and do not charge up-front fees. In some states such as Florida, it is actually illegal for a timeshare broker to charge an up-front fee. Because timeshares are usually much harder to sell than traditional real estate, a timeshare broker will usually charge a much higher commission of around 50% of the sales price.

The problem with using a timeshare broker to sell Diamond timeshare is that many timeshares will not be worth enough to make it worth their time. For example, if your timeshare is only worth $1, a timeshare broker would only make 50% of that off the sale. This is why many timeshare brokers focus on high value timeshares in Aruba, Hawaii and Colorado when the sales price can be several thousand.

However, if you’re able to find a buyer for your timeshare yourself, you may want to seek the services of a licensed timeshare broker to help complete the sale. This isn’t required, but it can help provide a smooth transition for both buyer and seller.

Brokers will typically perform services such estoppel requests for buyers and sales agreements for sellers. Estoppel requests show buyers that the seller owns what he/she says they own. Sales agreements outline everything the buyer will receive along with the sale in writing to prevent any disputes after the sale. For example, a sales agreement can outline if the buyer will receive use of the current year’s timeshare time. It may also include legal language that can protect each party.

Can You Give Diamond Timeshare Back to Diamond?

In some cases, you may be able to give your timeshare back to Diamond. This is typically your best option if you’re unable to sell your Diamond timeshare points for any sort of small profit on a site like eBay or Craigslist. Diamond’s “deed back” program is called Transitions™ by Diamond Resorts.

Your timeshare will typically need to meet the following criteria to qualify for Transitions™:

  • Be paid off and current on maintenance fees.
  • No future reservations scheduled. Does not apply to fixed week/fixed unit deeded week owners.
  • EU Collection Diamond owners do not qualify for this program as of 5/24/2021
  • Timeshare could not have been purchased on the resale market

We always recommend contacting Diamond first before engaging with any third-party timeshare resale or exit company. Giving your timeshare back to Diamond will almost always be the safest, low cost option to cancel Diamond timeshare.

Get rid of Diamond Timeshare with a Timeshare Exit Company

If you’re unable to sell Diamond timeshare and can’t give it back to Diamond directly, you may want to reach out to a few timeshare exit companies to get rid of Diamond timeshare. Timeshare exit companies came in to existence because of how many timeshare owners failed to sell their timeshare or give it back to their timeshare company directly.

Most timeshare exit companies do not attempt to sell your timeshare. Instead, they use various tactics and techniques to encourage your timeshare developer to take your timeshare back and stop your maintenance fees. Sometimes this will involve lawyers. Other times it won’t.

No matter the method used, you shouldn’t expect to receive any proceeds from a sale if you choose to work with a timeshare exit company. In fact, you’ll likely need to pay several thousands of dollars just exit Diamond timeshare. Take a look at the average cost to get out of a timeshare here.

Tips to Avoid Getting Scammed By a Timeshare Exit Company

Similar to the up-front fee scams prevalent in the timeshare resale industry, several timeshare exit scams also exist in the timeshare exit industry. There have been several timeshare exit companies that promised timeshare owners they’d be able to cancel their timeshare, but instead never cancelled the timeshare and simply kept the money instead.

To avoid common timeshare exit scams, we typically recommend owners use a timeshare exit company that offers an escrow payment option. When you pay with escrow, the timeshare exit company does not get paid in full until after the timeshare has been cancelled. Learn more about escrow and why it’s important here.

Some other tips to avoid scams in the timeshare exit industry include:

  • Avoid companies that do not have an online presence. If the company doesn’t have a website, it’s likely a scam. Online ratings and reviews of timeshare exit companies can help with this research.
  • Avoid companies with a poor BBB rating or no rating.
  • Avoid companies that do not have a track record of successfully getting timeshare owners out of their contract.
  • Always get everything in writing! A contract is always a good idea when engaging with a timeshare exit company.
  • Always shop around. Prices can fluctuate significantly by company.

Closing Thoughts

It is certainly possible in 2021 to get rid of a Diamond timeshare if you no longer wish to be an owner. Engaging with Diamond’s Transitions™ program will almost always be the easiest and safest option, but if you’re unable to pay off your loan you may need to seek alternative options. Have a look at our recommended timeshare exit companies or give us a call at 833-416-8796 for a free consultation.

Can You Get Out of a Diamond Timeshare? Read More »

IHG Timeshare Cancellation

IHG timeshare, or Holiday Inn Club Vacations by IHG, is a timeshare resort developer with resorts all over the USA. One of the most popular IHG timeshares is the Orange Lake Resort in Orlando, FL.  IHG timeshare cancellation will follow a similar process as an Orange Lake timeshare cancellation.

If you own an IHG timeshare and would like to get rid of it, you may be wondering what options you have. You can try to sell the timeshare, but many owners are unable to do so, even for as little as $1. For example, if you do a search on eBay for one of IHG’s most popular timeshares, “Orange Lake timeshare”, you’ll likely see several timeshares being advertised for sale for $1 with no bids.

If no one will buy the timeshare for $1, how can you get rid of it? You may consider walking away from your timeshare maintenance fees, but that would not be wise because there could be a negative impact made to your credit score. You may also consider donating the timeshare, but even that may be difficult to do. If you can’t sell the timeshare for $1, why would anyone, even a charity, want to be burdened with the maintenance fees?

You could try calling IHG and asking if they will take the timeshare back from you. In some cases, resorts have started taking timeshares back from owners. Typically, if you owe a mortgage on the timeshare, your chances of giving the timeshare back are usually lower, but this isn’t always the case.

If you can’t sell, can’t donate and can’t give it back to IHG, what other options do you have? Not many, which is why so many timeshare exit companies exist nowadays. These companies specialize in helping timeshare owners get rid of IHG timeshare.

Not all timeshare exit companies are the same. Some exit companies work with lawyers that attempt to get you out of your timeshare if you feel you were lied to during the sales presentations. Other exit companies do not work with lawyers and simply help to guide owners through the foreclosure process once an owner has decided to stop paying their timeshare maintenance fees on their own. If you inherited the timeshare from a family member, many timeshare exit companies that work with lawyers will not be able to help you because your family member may have been lied to but you were not.

No matter what you decided to do, our advice does not change. We only recommend working with companies that offer an escrow payment option, so the timeshare exit or resale firm is only paid AFTER your timeshare has been cancelled or sold. This holds the timeshare exit or resale firm accountable because they are not paid until after they have successfully helped you get out of IHG timeshare. Learn more about escrow and why it’s important here.

Still have questions? Contact us with the contact form on the right side of the page or initiate live chat. You may also call us at 833-416-8796

IHG Timeshare Cancellation Read More »

Timeshare Mortgage Cancellation

Table of Contents

How To Get Rid of a Timeshare With a Mortgage Balance

What Happens If I Stop Paying My Timeshare Mortgage?

Timeshare Exit Companies

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.

Timeshare Mortgage Cancellation Read More »

Timeshare Contract Loopholes

If you’re looking for timeshare contract loopholes, you probably want to get rid of your timeshare. Perhaps you’ve tried to sell it with no luck and now just want to cancel it and stop the maintenance fees. That’s understandable. You shouldn’t be forced to keep paying for a product you no longer want or even use.

In 2015, House Bill 453 in Florida made it harder for timeshare owners to find loopholes in their timeshare contracts that would allow them to get out. According to this Orlando Sentinel article,

“The bill attempts to stop “frivolous lawsuits” where owners try to get out of contracts that contain ‘nonmaterial’ errors.”

That’s the timeshare industry for you. Timeshare resort developers will do anything they can to keep owners in their legally binding contracts.

Don’t be fooled by timeshare exit companies that claim they can find these contract loopholes to get you out. There are still ways to get rid of your timeshare but finding loopholes in a timeshare contract is no longer one of them.

Timeshare exit companies have discovered new methods to get owners out of their timeshares now. Most of the legitimate timeshare exit companies have worked in the industry for a long time and know how each timeshare resort developer works. They leverage this experience, and sometimes their connections, to get you out. Simple as that.

Lawyers still play a role as well. A timeshare exit company that does not work with lawyers to get your timeshare cancelled is likely a scam. Lawyers give the timeshare exit company further leverage to use against your timeshare developer.

Scams are everywhere in the timeshare industry. That’s why we here at TimeshareExitCompanies.com only recommend working with timeshare exit companies that offer an escrow payment option. With escrow, you pay an escrow account up-front, but the timeshare exit company does not get paid in full from the escrow account until AFTER your timeshare has been cancelled.

Learn more about escrow and why it’s important here.

If you still have questions about how to get out of your timeshare, initiate live chat in the bottom right hand corner of the screen or submit a contact form.

Timeshare Contract Loopholes Read More »

How To Get Rid Of a Hilton Timeshare

Table of Contents

Other Options to Cancel Hilton Timeshare

If you own a Hilton timeshare and you’d like to get rid of it, you’ve come to the right place. Here at TimeshareExitCompanies.com, we provide advice to timeshare owners who are looking to get rid of their vacation ownership. We do not cancel timeshares ourselves. Instead, we provide guidance to help timeshare owners avoid scams.

Many timeshare owners believe their timeshare is the similar to real estate and increases in value over time. This leads many owners to believe that their timeshares will easily be sold on the resale market for more than what they originally paid. The reality is that most timeshares typically drop in value the second they are purchased from a resort developer directly. Some owners can’t even give their timeshares away for $1. Do a search on Ebay for “timeshare” and you’ll see several for sale for $1 with no bids and no buyers.

When you buy a timeshare from a resort developer like Hilton directly, the cost of the timeshare is increased to cover things like sales commissions, free gifts, sales facilities and more. $1 Hilton timeshares for sale on Ebay and Craigslist are being advertised by existing timeshare owners who simply want to get rid of a Hilton timeshare to stop their maintenance fees. These owners don’t have the same overhead as a resort developer.

Other Options To Cancel Hilton Timeshare

Some timeshare owners choose to contact a third party timeshare exit company to assist them with their timeshare cancellation because they heard about these companies on TV and radio commercials, Dave Ramsey and more. These companies exist for timeshare owners who own at resorts that do not offer a deed back or take back program. Hilton timeshare owners should call Hilton first to see if a deed back or take back program is available.

If you’d like to try your hand at selling, we’d recommend advertising the timeshare for sale on sites like Ebay or Craigslist. Avoid companies that want to charge a high up-front fee to sell your timeshare, as these are usually scams.

You could also try using a timeshare broker to sell the timeshare, but this might be difficult. Timeshare brokers work on a commission basis and can not charge up-front fees. If the Hilton timeshare is being advertised for $1, the timeshare broker will not receive a commission in the unlikely event that the timeshare sells. Timeshare brokers will usually only want to work with high value timeshares and vacation clubs. It’s simply not worth their time to work in low-value or free timeshares.

If none of these options work for you, a timeshare exit company may be a viable next step. If you choose to work with a timeshare exit company, we recommend working with one that offers an escrow payment option so the timeshare exit company is not paid in full until after the timeshare is cancelled. Learn more about escrow and why it’s important here.

If you’re still wondering how to cancel your timeshare, submit a contact form on the right side of the page or initiate live chat in the bottom right corner for a free consultation.

How To Get Rid Of a Hilton Timeshare Read More »

How to Get Rid of a Timeshare Without Ruining Credit

Owning a timeshare might have once been a good idea, but over time it can become a financial burden if you aren’t using it. Getting rid of a timeshare without ruining your credit is a concern for many owners who have tried selling their timeshare unsuccessfully. Many owners attempt to sell their timeshare for as little as $1, and still can’t find any buyers. The resale market for timeshares is mostly non-existent unless you have a Disney Vacation Club or a high-end resort such as a Marriott or a Westin in Hawaii or Aruba.

So, if you’re unable to sell or give away your timeshare, what options do you have left?

Some owners believe they can donate their timeshare to charity, but this is almost always not possible or a scam. Think about it, if you don’t want the timeshare, and no one will take it off your hands for $1, why would a charity want it?

Some firms such as Donate For A Cause previously told owners they could donate their timeshare to them and write the donation off on their taxes, but Donate For A Cause was forced to stop this activity because the IRS values timeshares at $0. Donate For A Cause wasn’t taking the timeshares for free either. Owners were asked to pay Donate For A Cause an up-front fee for the privilege of donating the timeshare to them.

So, if selling is out and donation is not possible, what’s left?

You can try and talk to your resort and beg them to take the timeshare back, but not all resorts will work with you. If you have a mortgage left on the timeshare, the chances of the resort taking your unit back are slim to none.

If you can’t sell, can’t donate and can’t give the timeshare back, what are you supposed to do?

Consulting with a timeshare exit company is a logical next step in this situation. These companies work with lawyers that specialize in cancelling timeshares. This is not a cheap service, but you’ll be out of your timeshare and your maintenance fees will stop. Most of these companies have processes in place to protect your credit throughout the cancellation. Sometimes your credit will be affected depending on your situation, but the timeshare exit companies will usually have a process to repair your credit if that were to happen.

When choosing a timeshare exit company to cancel your timeshare, we only recommend working with those that offer a low up-front fee escrow payment option, so the timeshare exit company is only paid after your timeshare is cancelled. This is how you stay protected from scams. Many timeshare exit companies have a “100% money-back guarantee,” but this means nothing at all because the company could take your money up front and later not honor its money-back guarantee if it goes out of business. Learn more about escrow and why it’s important here.

Still wondering how to get rid of a timeshare without ruining credit? Initiate live chat on the right side of the page or submit a contact form for your free consultation.

How to Get Rid of a Timeshare Without Ruining Credit Read More »

How To Cancel Grandview Las Vegas Timeshare

Table of Contents

What is TimeshareExitComapnies.com

The Grandview timeshare is one of the most popular timeshare resorts in all of Las Vegas. Because of this popularity, you can find several of these timeshares for sale on the resale market for as little as $1. The resale market is the for sale by owner market where current timeshare owners attempt to “sell” their timeshare. The problem with the resale market is that very few timeshares are ever sold on it. Do a search on Ebay for “Grandview timeshare” and you will likely see several Grandview Las Vegas timeshares for sale for a $1 or less.

When you see a timeshare for sale on the secondary resale market for $1 with no bids, it is a good indication that there is not a big market for that timeshare. If there was a big market, that $1 timeshare would have several bids and would eventually sell.

Timeshares are not a product that increase in value. They are not traditional real estate. Most timeshares decrease in value by 50% or more the second they are purchased from a resort developer directly. That can be a tough pill to swallow if you purchased a timeshare directly from a resort developer for $10,000 – $20,000, but it is an unfortunate reality in this industry. The Ebay example above gives credibility to this as well.

So, if you want to get rid of a Grandview timeshare and you’re unable to sell it, even for $1, what options do you have? You can ask your resort nicely if they will take it back from you, but they may not be willing to help. You did sign a legally binding contract, after all. If you owe a mortgage on the timeshare, your chances of selling or giving it back to the resort are even lower.

This is why so many timeshare exit companies exist nowadays. Timeshare owners realized they couldn’t sell their timeshares for $1, and the resort wouldn’t take them back, so they turned to lawyers to help them cancel Grandview timeshare with minimal impact to their credit. Timeshare exit companies wouldn’t exist if the resorts voluntarily took the timeshares back, but many resorts do not offer this as an option, although some are starting to.

Most resorts have no incentive to take your timeshare back from you. Why would they? The resort gets to sit back and collect a 11% – 20% interest rate on your loan and your yearly maintenance fees. In some cases, though, the resort may need more inventory so it can sell more timeshares to new owners. In this case, your resort may be willing to work with you and take the timeshare back.

What is TimeshareExitCompanies.com

We are a review website. We review timeshare exit companies and help owners avoid scams. We only recommend working with timeshare exit companies that offer a low up front fee escrow payment option, so the timeshare exit company is only paid in full from the escrow account AFTER your timeshare has been cancelled. Learn more about escrow and why it’s important here.

If you still have questions about Grandview Las Vegas timeshare cancellation, fill out a contact form on the right side of the page or initiate live chat.

How To Cancel Grandview Las Vegas Timeshare Read More »

Walking Away From Timeshare Maintenance Fees

Table of Contents

Selling Your Timeshare

Walking Away From Your Timeshare Maintenance

Your Credit Will Likely Be Negatively Affected

You Will No Longer Be Able to Use Your Timeshare

You May Be Called Repeatedly For Payment

You May Be Sued

Still Want to Walk Away From Your Timeshare Maintenane Fess?

If you own a timeshare that you no longer want, you may have found yourself wondering what the consequences are of walking away from your timeshare maintenance fees. Perhaps you’ve tried to sell your timeshare in the past and couldn’t find a buyer. Or, maybe you’re not interested in getting anything from the timeshare and simply want it to go away to stop the fees. Whatever your desire, we can help guide you in the right direction.

5 Consequences of Stopping Payment on Your Timeshare

 

Selling Your Timeshare

If your timeshare is paid in full, you may want to try to to sell the timeshare on the resale market before walking away. Selling a timeshare can be very difficult and time consuming, but it is a better option than walking away because your credit won’t be negatively affected if the timeshare sells.

Sites like ebay and Craigslist are low cost options available to you to help you advertise your timeshare for sale. The problem is, hardly anyone wants to buy a timeshare. Even if you advertise your timeshare for sale for $1, you’ll likely still have a hard time finding a buyer. In many cases, you can’t even give your timeshare away for free!

If you do somehow find a buyer, you’ll likely need to pay additional fees to complete the transaction. These can be transfer fees imposed by the resort and fees to a timeshare broker to help you navigate the sale. So, not only will you likely get $1 or less for your timeshare if you are able to sell it, but you’re also going to need to pay around $500 in additional fees to get rid of it. This certainly makes the idea of walking away from your timeshare maintenance fees a more attractive option, but there are consequences to this of course that we’ll go over shortly.

If you owe a mortgage on the timeshare, your chances of selling are very low.

Walking Away From Your Timeshare Maintenance Fees

If you’ve tried to sell with no success or owe a mortgage, you might wonder if walking away from your timeshare maintenance fees is the only option left. Before ignoring that maintenance fee bill, know that there will be consequences if you choose to not to pay it. Some of these consequences include:

Your Credit Will Likely Be Negatively Affected

Just like any other bill, if you choose not to pay it your credit may be negatively affected. A low credit score can make it more difficult for you to obtain a loan to purchase a home or car in the foreseeable future. Even if you are able to obtain a loan with a low credit score, you will likely have a higher interest rate. A higher interest rate means you’ll be paying significantly more for whatever new home or car you choose to purchase.

If you’re at a point in your life where you do not plan to make any large purchases in the foreseeable future, a low credit score may not be important to you. There are other consequences though.

You Will No Longer Be Able to Use Your Timeshare

This may be a given, but if you stop paying your timeshare maintenance fees your resort will no longer allow you to use your timeshare. You won’t be able to exchange it with RCI or II either.

You May Be Called Repeatedly For Payment

Similar to any other bill, if you stop paying your timeshare maintenance fees there’s a very good chance your resort will make every attempt it can to collect from you. 

At first you may receive calls from your resort directly. After a certain period of time of non-payment, your resort may turn things over to a collection agency. Either way, you’re likely going to be getting a lot of calls and scary things in the mail asking for payment.

You May Be Sued

Some resorts have sued owners who have chosen to walk away from their timeshare maintenance fees. If this happens, you’re in for a wild ride. You’ll have lawyer fees and court costs. It’s not pretty.

You may be thinking that your timeshare resort doesn’t care enough about you to come after you in court for your maintenance fees, but stop and think for a second how much your maintenance fees are worth to them. The average timeshare owner pays maintenance fees for about 30 – 40 years. The average maintenance fee is about $1,200 per year. 35 years x $1,200 per year = $42,000 in lost revenue for your resort. But that’s not all. Most timeshare contracts include a “perpetuity” clause which means your heirs may be required to acquire your timeshare upon your death. That’s another potential $42,000 in lost revenue for your resort.

Still Want To Walk Away From Your Timeshare Maintenance Fees?

Now that you know the consequences of walking away from your timeshare maintenance fees, you may be having second thoughts. If you can’t sell, can’t walk away and can’t give it back to your resort directly, what can you do?

This is where a timeshare exit company comes in. A timeshare exit company may be able to help you cancel your timeshare with minimal effects to your credit. Many of these companies have cancelled thousands of timeshares for their clients. They know how the resorts work and can guide you along during the exit process.

We here at TimeshareExitCompanies.com recommend working with timeshare exit companies that offer an escrow payment option so the timeshare exit company does not get paid in full until AFTER your timeshare has been cancelled. Learn more about escrow and why it’s important here.

Still have questions about how to get rid of your timeshare? Submit a contact form on the right side of the page or initiate live chat for your free consultation. You may also call us using the number at the top of the website.

Walking Away From Timeshare Maintenance Fees Read More »

Tahiti Village Timeshare Cancellation

Table of Contents

How to Get Rid of Tahiti Village Timeshare

Timeshare Exit Companies & Escrow Payment Options

Tahiti Village is an island oasis-inspired timeshare located in Las Vegas, two miles away from the strip. The Tahiti-themed resort features all suites. It is family-friendly with a spa, celebrated Lazy River, activities center, and a pool area with beach entry, among other amenities. If you own a Tahiti Village timeshare but no longer enjoy it as much as you did at first, then you should read our advice on how to get rid of Tahiti Village timeshare.

How to Get Rid of Tahiti Village Timeshare

To streamline your Tahiti Village timeshare cancellation, you need to examine your timeshare cancellation options. If your timeshare contract was only just recently put into effect, then you need to look into your state’s rescission period, also known as the “cool-down period,” which is a time frame where new timeshare owners are allowed to rescind their timeshare back to the company that sold it to them for a full refund. Timeshare companies legally have to give you information on this in the documents they give you along with your timeshare contract, so look to this for your state’s specific time frame.

If you’re already past the timeshare rescission period, then you may wonder if it would be worth it to try to resell your Tahiti Village timeshare. Unfortunately, this is probably not the best way to achieve Tahiti Village timeshare cancellation. There are several Tahiti Village timeshares for sale on Ebay for as little as $1, and some don’t even have one bid.

One option is to try to call Tahiti Village and see if they offer assistance with getting you out of your contract. However, Tahiti Village does not have any information on a “deed-back” program online as some other timeshare companies have, so it is unlikely that they will be too keen to help you. You have to realize that they are continually profiting from your contract, even though you may not be benefiting from it any longer.

Timeshare Exit Companies & Escrow Payment Options

The best way for you to get rid of your Tahiti Village timeshare is most likely through enlisting the help of a timeshare exit company. These businesses help timeshare owners get rid of their unwanted timeshares legally.

Unfortunately, scammers are rampant in the timeshare exit industry. Too often, timeshare exist companies force their customers to pay up-front for their services, only to never actually cancel the timeshare as they promised while keeping the money. In order to eliminate this risk, you should only opt to work with a timeshare exit company that offers you to pay with a low up-front fee escrow payment option, which allows you to deposit fees to a third-party escrow account, which only releases the funds once your contract is completely canceled. It is very important that you do your research before selecting one to worth with in order to avoid fraud. Learn more about escrow and why it’s important here.

We can help you do your research to find a legitimate timeshare exit company. Check out our website’s timeshare exit company reviews and do not hesitate to contact us through our contact form or live chat if you would like further advice. You may also give us a call if you’d like.

Tahiti Village Timeshare Cancellation Read More »

OUR GOAL

Our goal is to help timeshare owners find a reputable timeshare exit company to work with. We like to recommend timeshare exit companies that offer a low up front fee escrow payment option, so you are protected from scams. Contact us to receive a free timeshare exit consultation.

TIP

Always contact your resort or timeshare developer first before contacting a timeshare exit company. Some have exit programs of their own that can assist you with a timeshare cancellation

Privacy Policy

TimeshareExitCompanies.com is not a law firm.

Contact Us

Free Consultation: 833-416-8796