Is there a legal way out of a timeshare contract?

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Member since 29 October 2015

dorothyyMember29 October 2015 21:53:37

My husband and I simply can not afford our timeshare anymore, and we owe more than it will sell for, so selling it will not help much b/c we will still owe a monthly payment to them for the difference. Is there anyway to get rid of this thing?!

travellight VIP Member

Member since 07 July 2013

travellightVIP Member29 October 2015 22:52:10

2460

The only way I know of is to sell it. Don't fall for the rent it scam, They just want you to pay a rental fee which " you will get back, in the form of a rental", which doesn't happen. The Florida properties are particularly undesirable, you can't even trade them. Your only likely direction is letting them foreclose from what I have seen. Good luck.

pauliine10 Member

Member since 03 November 2015

pauliine10Member03 November 2015 14:35:20

The best thing you can do is to cancel your timeshare contract. There is no resale market for timeshares; you can find timeshares on eBay even for pennies. I recommend you to read an article with good information about this: http://www.timesharescam.com/blog/206-h … timeshare/

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