Acquiring timeshare property sounds good. Imagine, you have such a property where you can spend a vacation or holiday. But it’s just only in the beginning.
This is usually the first impression you have before you are persuaded to sign a timeshare contract, till the you discover that the property you thought was a piece of heaven is actually a lot of hell.
In other words, there are things in a timeshare that you may not like. Examples are the maintenance fee, mortgage payments and specific assessments, which all adds burden to your part; a money drain.
Want to get out of timeshare when it seems there’s nothing you can do? Listed below are methods for you to find a way out.
Sell it in a Craigslist
Craigslist is classified advertisements on the web dedicated to promoting sales for everything from jobs to pets. You just need to make the promotion engaging.
For example, your timeshare is approaching summer or winter, probably near the beach, alone in an island or in a mountain. In other words, you highlight the features of your timeshare.
Though, it won’t give you back much money or will equal the amount you bought for it. But you would get willing buyers to shoulder the fees.
Sell it to a timeshare company
Of course, there are timeshare companies interested in buying timeshare properties. To make it motivating for buyers, make sure it is mortgage balance free.
The only thing the buyers will assume is the maintenance fee.
Ask help from Timeshare Adventures
If your timeshare property is a timeshare resort, timeshare adventures will reassure your way out. They have designed programs to cancel a Timeshare Contract and Mortgage. They provide clear and brief details to help timeshare owners through consultation.
Since they have exclusive agreements with Timeshare service providers, they assure you a 100% for your money back, and success in getting rid of mortgages and maintenance fees.
The only thing you need to do is to declare yourself Timeshare Resort Fraud Victim.
Donate Timeshare to charity
For you to cut your losses, just deed your timeshare as a donation to charity. The deed I’m talking about is a fee simple deed.
Include it to Bankruptcy
Put your timeshare in bankruptcy with the purchase price amount. It is just getting rid of the mortgage, but you can still own the property as long as you pay the maintenance fees and assessments.
You just need to present any proof or documents about your losses or bankruptcy declaration.
Find a loophole
Scrutinize your contract again. You can look for the cancellation policy and check it against state laws governing timeshare sales in the state. If there is, you can make use of it as your basis to bid the timeshare company for termination. You need a lawyer of course.
So, the primary solution to this problem is by selling it or terminating the contract. However, your plan of doing so should be in accordance with the contract agreements and legal policies. Moreover, selling it is too tough nowadays.