Let me talk about the foolproof way to get rid of a timeshare in a legal manner. We need to do it legally, because if you don’t, you will get into trouble. It would mean that you must negotiate directly with the timeshare company and you should convince them to issue an official and legal release. The times are cancellation companies do this by holding the timeshare is accountable for the misdeeds of their salespeople, which would be FTC and FDCPA violations.
If you are somebody who is interested in getting rid of a timeshare, the above is the only way to do so. Whether you go with one of the times or cancellation companies or another method, you need to keep in mind that it is going to cost you a lot of money. You should make sure that the only method is to negotiate directly with the timeshare. The timeshare company will ask you to sign a limited power of lawyer or attorney, which will give them the authorisation to speak to the timeshare company on your behalf. They should also keep you updated on the progress every single week throughout the entire process. The only legal and foolproof way to cancel a contract is the above.
You need to stay away from any company that will promise you things like transferring the timeshare to a third party person or even selling the timeshare. They will say that they can rent it out or even donated, you should not believe them, because it will still be in your name and you will still be on the hook for maintenance fees which are extremely expensive.
Most of the times are cancellation companies make use of illegal and unlawful sales tactics. The only way to sell a timeshare is to use it as bait and wear you down with some high-pressure sales tactics. They do it all with a lot of confidence. I am not saying that owning a timeshare is all bad. If you are somebody who enjoys it, I am sure you will have a wonderful time. I am just telling you that getting out of it is going to be quite a hassle. It is also quite baffling that they charge you so much money in maintenance fees.
Thanks for companies will plan ahead for the possibilities that you might eventually cancel the contract. They know that people may get sick of it in some time, and they will make sure that you are locked in. Even some legitimate cancellation companies will give you a huge bill. That is why, you need to keep in mind that cancellation might end up costing you quite a bit of money.