A timeshare exit is the process to cancel all legal and financial obligations related to a timeshare that you have purchased. The process will remove your timeshare mortgage, your annual maintenance fees and any special assessment fees that you owe to a timeshare resort, (and the financial institution that holds the mortgage, if there is one). In return, you will forego ownership of the timeshare and any future rights to use it.
Most state laws have timeshare cancellation rights, known as timeshare rescission periods after you sign your contract. This period of time varies state to state, but is typically between 3 – 7 days. You resort was required to disclose this period of time to you at the time of purchase. To find the period, review the paperwork that the resort provided to you at the time of purchase.
Yes, however canceling your timeshare after the state’s rescission period requires more than just a written notice to the resort. The process is much more involved, and best approached with the knowledge and experience of a timeshare ownership advocacy organization, like Omni Ellis. Feel free to give us a call for your free consultation to learn more about it!
We do not sell or rent your timeshare. We are a transfer company that disposes of your timeshare title. Our process is an immediate separation between you and your resort group. This is an exit solution that will stop all payments and fees!
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