Cancel Your Timeshare
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Cancel Your Contract
Many timeshare owners soon realize that their assets are liabilities. Even after paying off the purchase price, you may still find yourself incurring maintenance fees on a lifetime contract. You can still escape this trap. A Deed Transfer does the trick. It frees you from further maintenance fees.
Deed Transfers are, however, only applicable if you have cleared the timeshare’s purchase price. A deed transfer involves getting your name out of a deed. Transfer of deed removes from you all responsibilities for making any payments on the timeshare. A deed transfer nullifies your liability to pay maintenance fees. If you have not fully paid off the purchase price, a mortgage cancellation would be the best option for you.
Mortgage cancellation is an exit route for clients who are still paying the timeshare’s purchase price and its interest. Mortgage cancellation is a move that seeks to terminate the contract on the grounds of broken consumer protection laws.
Timeshares are legally binding documents approved by the courts. As such, they reserve the rights to take legal action against late payments, foreclosures, and non-payments. Their most common form of client punishment is lashing at client’s credit scores.
Timeshare companies damage credit scores by giving bad comments which show up on customers credit report. It may take over a decade to outgrow such damage to credit. Professional intervention may, however, lower this number to a few short weeks.