How to Get Out Of Your Timeshare
Our team is dedicated to providing the best possible service to our clients and helping them find a solution that meets their needs and budget. If you are tired of the burden and frustration of your timeshare, we encourage you to contact us and learn more about how we can help.
The temptation to stop paying, especially if you feel like you can’t afford it, is huge. It would be so nice if you could just walk away and never have to deal with it ever again. You can expect to be sent to collections, receive tremendous pressure from collection agencies, a decline in your credit score, and potentially a negative mark on your credit affecting your ability to make other purchases. The timeshare company may sell your timeshare at auction and move to foreclosure. There may still be time to save your credit. Speak with an advisor at no cost to you- ever.
On average, you should expect to pay around $4,000 to $5,000 for a timeshare attorney. That’s an average, so depending on your situation, you could pay more, or you could pay less.
Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.
This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have a negative value due to the annual maintenance fee bill which compounds year after year. That is until NLE helps you cancel your timeshare.
You may have been lied to or mislead. Navigating the legalities of Timeshare contracts can be very overwhelming. If you are tired of trying to do it alone we can help.
We have extensive experience in negotiating with timeshare resorts and management companies to cancel contracts, and we can help you navigate the process and find a solution that meets your needs.
Timeshare owners often mistake them for investments, but they're not. Since maintenance and other payments are ongoing, a timeshare is a responsibility.
Many people discover their timeshare is a liability when they try to sell it. Timeshare sales staff often mislead buyers into believing their timeshare is an investment that appreciates or can be sold on a secondary market. Based on over 9,000 timeshare ownership experiences, over 60% said the sales representative/presentation misrepresented the unit's investment value.
What's a timeshare's value?
Timeshare resort owner manuals or master agreements contain the truth. Here's material from a 249-page U.S. timeshare resort's public offering statement:
"A Unit Week should be purchased as a vacation experience or for leisure time, not as an appreciating investment or with the hope that it can be resold."
Yes, your timeshare's value is only as a vacation experience or leisure time.
An upfront exit fee isn't a red flag by itself, exit companies are experienced in negotiating Timeshare contracts for you. This eliminates the cost of hiring an attorney directly. Timeshares have little-to-no resale value, despite what salespeople may say. Timeshare exit companies cannot earn commissions on something without value. An upfront fee protects a timeshare exit company whose client doesn't pay when the job is done.
It's important to know the value of the services you're paying for and to have a written agreement from a reputable company. Our process includes legal representation and educational resources. Since "timeshare law" isn't a recognized specialty, it's rare to find a lawyer with experience in timeshare contracts and agreements. Private attorneys require large retainers and rising billable hours. This makes hiring a lawyer unaffordable for timeshare owners with limited finances. NEXT LEVEL EXIT offers timeshare owners affordable, accessible representation.
Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At NLE, our job is not to sell you; our job is to help you get out of your timeshare. This is why we have numerous 5-star reviews from real clients.
Canceling a timeshare contract is not a cookie-cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.
At NLE, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.
We are committed to helping our clients find a solution to their timeshare issues and move on from their contracts. Whether you are looking to cancel your timeshare, learn more about your rights as a timeshare owner, or repair any damage to your credit, we are here to help. If you are struggling with your timeshare and are looking for a way out, we encourage you to contact us and let us answer your questions.
Is my timeshare unsellable? The resale market is inundated with "DEVALUED" INVENTORY since there are few purchasers. 1 million timeshare owners want to sell, according to estimates. A quick online search reveals thousands of cheap or free timeshares. A less-known hurdle to a timeshare resale industry exists. Some timeshare resort developers consider resales as a threat to their revenue stream and have taken efforts to SUPPRESS THE RESALE MARKET, including restricting rights and incentives for resale buyers. Some resorts employ this strategy to make sure a timeshare sold by the resort is more valuable than one sold by an owner.
Not recommended: selling your resort to end your ownership. Over 65% of our clients who tried exiting before hiring us first used their resort and were denied, ignored, or upsold for thousands of dollars. Resorts want to keep owners in fee-paying contracts. Many salespeople are instructed to utilize an exiting owner to sell more timeshares. Resort exit programs aren't for everyone and have restrictions. The resort exit program usually demands a release, so you have no legal recourse. Many clients have written legal affidavits describing what transpired when they left the resort.
Example: “We received a written communication from [our resort] that discouraged owners from hiring an attorney or any third party in an attempt to cancel timeshare contracts. The letter advised that [our resort] would be willing to work with us directly. . . After spending approximately five hours we reluctantly agreed to a membership purchase that provided us with 15,000 points for a total purchase price of $56,100. . . We felt that we were misled into making an additional purchase when that was not what we desired to do. We don’t feel that [our resort] was interested in listening to our concerns, and rather used our visit as an opportunity to upsell us.”
This is the place to begin your search for a timeshare exit lawyer. First, unlike tax law or medical malpractice, "timeshare law" is not recognized as a speciality, making it difficult to find the correct lawyer to assist you in your timeshare exit. You should look for a lawyer that is well-versed in contract law and has experience with timeshares. In summary, you want a lawyer that has knowledge in both timeshare and contract law. If an exit company has "attorneys on staff," it has legal representation; you do not. This is one of the many reasons making the decision to work with an exit company is to your advantage. You want an attorney that works directly for you and has a fiduciary and ethical duty to operate in your best interests. Exit companies will provide you all of that without the hourly cost of an attorney.
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