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How to terminate ownership of a time share

How to terminate ownership of a time share
14 Mar 2014
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Let’s admit it: Time share scams are on the rise, and trying to get out of the contract can be a big headache! The truth is, however, that a time share can be a good-quality purchase for those who enjoy revisiting the same vacation spot every year, but certainly not for most people. Unfortunately, timeshare presentations are awfully high pressure, and most people who attend one of them end up signing the contract, without even knowing what they are getting into. You might be one of those people. Read the following paragraphs, and learn more on how to terminate ownership of a time share.

Time share Ownership

Before getting started, first we have to understand how fractional ownership works. Timeshare ownership is basically the right to use the resort for a certain number of years—usually from 5 to 50— during a specific week of the year. It is very important to highlight that a time share is a purchase and not a financial investment, being that you have to pay the initial purchase price, plus the periodic timeshare fees, whether you use your unit or not.

Biggest complaints about time shares

These are the biggest and most common timeshare complaints:

  • The contract does not state clearly how to terminate ownership of a time share
  • You have to make reservations almost a year earlier to be able to use it

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How to terminate ownership of a time share

These are the easiest ways on how to terminate ownership of a time share:

Sell your time share: Although it could be the easiest solution, the truth is that time shares are not easy to sell, in fact, it is almost impossible to sell a timeshare. The resale market is low, and the supply exceeds the demand enormously.

Transfer your time share: Timeshare transfer is not an easy process and it may be more trouble than it’s worth. You have to find someone who is willing to take on your time share, and that can be an unfeasible task. It also involves lot of negotiations with the resort and some lawyers, which can take many years.

Donate your time share: Charity organizations are not taking time shares anymore, for the simple reason that they are not willing to take on the yearly fees and other expenses that a time share might generate.

-Time share cancellation-

cancel timeshare

Without a doubt, timeshare cancellation is the best and easiest solution to get rid of an unwanted time share. Once the contract is properly cancelled, the strings attached to the resort will be gone forever. Nevertheless, it is important to do the cancellation through the right people. There are many timeshare cancel professionals that ask for an upfront fee, and then they disappear.

At Mexican Timeshare Solutions, we assist timeshare purchasers who were scammed fraudulent timeshare companies.  As specialists in the timeshare industry, we are committed to offering professional help in a fast, friendly and experienced service to clients. We do not request any upfront fees, meaning, if our associates cannot cancel your timeshare contract successfully, you do not pay us a penny. Contact MTS today for a free consultation, and get out of your time share as soon as possible!

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scam victims. How?

  • Share this link http://www.timesharescam.com/blog/171-how-to-terminate-ownership-of-a-time-share/ on your favorite blogs and forums

 

Do you know How to terminate ownership of a time share? To know more about time share cancellation visit:

Cancel a timeshare – Tips to get rid of it  

Timeshare cancellation companies

how to get out of timeshare?

 

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22 Comments
  • SoleJune 30, 2014, 2:27 pm

    So does anyone have any idea of how to get out of one of those timeshares again without having to actually paying like $5K to someone who will agree to take it over?? My fiancée bought one with his wife about 15 years ago – Kauai, Princeville – and now pays about 900$ maintenance fee a year, it’s been paid off in about 10 years and so far he’s used it ONCE in all that time. but there seems to be no way of getting out of it again. So any help will be appreciated

  • AugustJune 23, 2014, 8:36 am

    i want to cancel my timeshase, or sell it or donate it, i dont care i just want to get rid of it

  • UrielJune 8, 2014, 10:20 pm

    cualquier opcion es complicada, pero creo que con ayuda de alguien especializado en el tema, hay posibilidades

  • canuckcowboyMay 30, 2014, 3:46 pm

    Has anyone heard of a company, Premiere Properties & Management LLC out of Colorado? I received a phone call from them wanting to know if I was interested in selling my Cabo San Lucas, MX timeshare.

    I asked a number of questions to see what they had to say: where did you get my name, phone number and what resort I was at - same old "canned" reply, "all this information is available on line" to them but I cannot get this information from my resort. I don't have to pay any money up front for the sale to a "large corporation", except for an 8% commission after the money was transferred to my bank account.

    I received an email proposal with a greatly inflated, ridiculous offer which smells of "scam" and I certainly not going to fall for this (guess they were hoping I was born yesterday and would fall for it), I am not interested in selling nor am not prepared to give out any more personal information.

    Would be interested to see if anybody else has had any contact with this company with the same story line. Thanks.

  • MiguelMay 23, 2014, 2:18 pm

    no importa el medio o la manera, si tiene la oportunidad de cancelarlo, haganlo!!

  • SamuelMay 14, 2014, 5:24 pm

    me urge deshacerme de mi tiempo compartido no importa mucho la manera aunque si se puede vender, seria mucho mejor, gracias

  • NataliaMay 9, 2014, 2:15 am

    hace 5 años intente cancelar mi tiempo compartido y nunca tuve exito, ahora me gustaria volver a intentarlo y espero conseguirlo, pueden ayudarme?

  • LuciaMay 5, 2014, 8:17 am

    me gustaria donar mi tiempo compartido, lo unico que me interesa en este momento es deshacerme de el!!

  • ARTURO RAFAEL MARÍNApril 24, 2014, 7:01 am

    NECESITO CONTACTARME URGENTE CON FABIÁN MONTENEGRO: que publicó este blog: " FABIAN MONTENEGRO Abril 4, 2014, 12:50 pm Compre en Wstgate Resort VIllas Orlando. alguien sabe si pierdo mi tarjeta de crédito y cambio el numero puedo safar de pagar, no puedo cerrar mi debito automático con la tarjeta y no veo otra forma de cancelar ?
    Saludos,

  • StefyApril 16, 2014, 3:04 pm

    cancelar es la unica opcion viable, intentar deshacerse de el de otra manera suele ser mas complicado

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