We've Process 1,000's of Complaints by Owners That Ask "How Do I Get Out Of My Timeshare Mortgage or Paid Off Contract?"
We understand that navigating a process to exit your timeshare has been made intentionally difficult by the timeshare companies and can seem impossible. Contact a company that has years of experience and proven methods to assist those who wish to no longer own an unwanted, unsellable timeshare that your resort is refusing to take back.
Most timeshare owners sign their contract prematurely and are not given the time to understand the financial obligation they are committing themselves to. Here is how the cost of ownership breaks down: The average purchase price is $20k, typically always financed at a rate of 17.9% on a 120 month term. This means that your purchase price more than doubles at maturity, $43,090. YOU PAY $23,090 in interest! Similar to having an HOA on your home, timeshares come along with an annual ownership bill that averages $1200. That's $12,000 at the time your loan matures! Being that you are a fraction owner with vacation interest, you are likely responsible for the liability of that ownership. Costs due to resort remodels, natural disasters, tax increases or similar are dived out amongst the owners, the resort rarely foots these types of bills. Special Assessments are always an unexpected bill that arrives in the mail. Typically ranging between $3-$5k, depending on the amount of the assessment and active owners. At the time a timeshare mortgage matures, the average owner has paid out roughly $60k. That equates to $6,000 annually for accommodations alone, not considering transportation, attraction tickets, etc. Assuming there is desired availability. How else could you spend $6,000 each year for your vacation needs? Timeshare ownership should not be purchased for the purpose of being an affordable alternative to your vacationing needs, as there are more affordable and flexible options in today's market without the financial baggage. If you are burdened by timeshare financing, we are here to provide you with the necessary information and assistance if you require it.
