Timeshare Exit & Divestment Attorneys

Washington Debt Law is experienced in the types of negotiations, exit strategies, and outside-of-the-box thinking to get you out of your unwanted timeshare.  Our options include more than just negotiation, we can also litigate title and consumer protection angles, provide bankruptcy solutions, or class action options.  Don’t let your timeshare company bully you into thinking a timeshare exit is impossible.  Call us to discuss your options.

 

 

TIMESHARE DIVESTMENT

Timeshare divestment can take many forms- settlement, litigation based upon fraudulent actions or unfair business practices by the seller, bankruptcy options, and default strategies.  We are not a volume timeshare divestment firm where the sole strategy is to settle but rather we are a boutique litigation firm that looks at all of your legal and out of court options, to include settlement, and help you to understand the strategy that will be the most efficient and cost effective.

Common Issues that we Handle:

Options to Resolve:

Timeshare Exit and Divestment Strategies

Some timeshares are deeded/mortgage-based, but are more often becoming points-based. Other timeshare ownerships can be a hybrid of the two, although rare. Here are a few common reasons that can lead consumers to want to exit their timeshare:

Misrepresentations/High Pressure Sales:

Changing Life Circumstances:

Company Mergers and Takeovers:

Here are a few ways that you can get rid of your timeshare:

Firstly, you can try to sell your timeshare. If you call your timeshare company, they will likely tell you that this is the only way to get rid of a timeshare, but this is not true.  In addition, the market for timeshare sales is basically non-existent, and you will have to continue to pay all fees and dues until an actual sale is made. There are companies that will offer to sell your timeshare for you, but these are almost always scams, with consumers losing up to thousands of dollars paid for listing fees.

A second option is timeshare donation. You can “give” your timeshare away, for example, to a family member, and assuming you know someone who is interested in taking over your timeshare interest. You won’t have to pay dues and fees anymore, but you will incur certain costs to transfer your timeshare. Your timeshare company will also likely require extra fees to do so.

A third and less well-known option is to do a timeshare cancellation by working directly with your timeshare company. This is often called a timeshare exit or divestment. The timeshare company will likely tell you this is impossible. There are some companies that may be willing to work with you if you are current on all fees and dues (and the mortgage is fully paid off if the ownership type is by deed). Unfortunately, this is often not the case, and you will need experienced attorneys to advocate on your behalf.