FAQs

Yes. While timeshare contracts are legally binding, there are legal ways to exit them. Your options depend on the terms of your agreement, the state or country of purchase, and how long you've owned the timeshare.

The rescission period is a short window—typically 3 to 10 days after signing—during which you can legally cancel the timeshare contract with no penalty. The length varies by state or country, so check your specific contract and local laws.

You still have options:

• Contact the resort or developer: Some offer formal exit or “deed-back” programs.
• Hire a reputable timeshare exit company or attorney: Be cautious; avoid upfront fees and verify credentials.
• Sell or transfer the timeshare: Though resale values are often low, you might find a buyer or transfer the ownership.
• Donate the timeshare: Some nonprofits accept them, but conditions apply.

Not advised. Defaulting on payments can:

• Damage your credit score
• Lead to collection actions or foreclosure
• Result in legal consequences

Always seek legal or professional advice before ceasing payments.

Be cautious of:

• Companies asking for large upfront fees
• Guarantees to “cancel your timeshare in days”
• High-pressure tactics
• Lack of transparency or third-party reviews

Tip: Verify with the Better Business Bureau (BBB) or State Attorney General’s office before hiring help.

Yes, but difficult. Timeshares often lose value and may be hard to sell. Consider:

• Licensed resale brokers (no upfront fees)
• Timeshare resale websites (eBay, RedWeek, etc.)
• The resort’s own resale or referral program

Expect low or no returns in many cases.

Some developers offer deed-back or surrender programs that allow owners to return the timeshare. These may require:

• Being current on payments and maintenance fees
• Meeting certain ownership duration requirements

Ask your developer or resort directly.

Not always, but a lawyer familiar with timeshare law can help if:

• The developer refuses to cooperate
• You've been misled or defrauded
• You're being pursued for nonpayment

Avoid legal firms that demand payment before services are rendered.

No. You’re responsible for maintenance fees as long as your name is on the deed or contract, regardless of use. Fees typically increase over time and are a major reason owners seek to exit.

Have ready:

• Your original purchase agreement
• Payment history
• Maintenance fee records
• Any correspondence with the resort
• Proof of ownership (deed or certificate)

Yes, if done properly. Make sure:

• You receive written confirmation
• The deed is legally transferred or canceled
• You're released from all financial obligations

Always get legal or professional confirmation before assuming you’re free of responsibility.