What Is a Timeshare Exit Company and How Do They Work?
A timeshare exit company is a business that negotiates with resort developers on your behalf to cancel or transfer your timeshare contract. They handle the paperwork, developer communication, and legal strategy while you continue living your life without dealing with the resort's owner services department. Legitimate exit companies charge $3,000-$7,000 and take 6-18 months to complete the process.
How the Exit Process Works
- Free consultation: The company reviews your contract, developer, purchase circumstances, and financial situation to assess whether they can help
- Contract analysis: Attorneys or legal staff review your purchase agreement for misrepresentations, consumer protection violations, and cancellation clauses
- Developer negotiation: The company communicates directly with the resort developer's legal and compliance departments using formal cancellation demands
- Written confirmation: You receive written confirmation from the developer that the contract is terminated and all future obligations are released
What Legitimate Exit Companies Charge
Fee structures vary, but reputable companies typically charge between $3,000 and $7,000 depending on the complexity of the case. Factors that affect pricing: the developer (Marriott and Hilton are harder than Wyndham), whether there is an outstanding mortgage, the number of contracts (upgrade history creates multiple contracts), and the state of purchase.
The fee should be structured so you are not paying the full amount before any work begins. Companies that demand $5,000-$10,000 upfront with no escrow protection are high risk.
Timeshare Consulting & Services Inc. charges zero upfront fees and has canceled over 5,000 contracts since 2010. Request a free consultation or call (888) 530-7268.
Related Questions
- How to Get Out of a Timeshare Without a Lawyer
- How to Get Out of a Timeshare for Free
- BBB Rated Timeshare Exit Companies: What to Look For
Need Personalized Advice?
Every timeshare situation is different. Call (888) 530-7268 for a free, no-obligation consultation where a timeshare exit specialist reviews your specific contract and recommends the best exit strategy for your situation.
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