Contract Company – Savior in Case of Your Contract Termination Desires

There are numerous fraud companies offering to ‘relieve’ you of your timeshare liability. Do not do business with anyone who cold calls you or advertises such a service in a newspaper or on TV or on the internet. You will end up many thousands of pounds poorer and still own the timeshare.

Even if you do actually find a buyer some resorts refuse to affect a transfer because they ‘don’t like the buyer’ or give some other spurious reason. Whilst this is an illegal interference in a proper contract, it may be impossible to complete the sale quickly. In some cases, the resort may kill the sale by imposing an exorbitant ‘transfer fee’. Reverse premium brokers are quite used to this improper conduct and may take on the timeshare companies through the courts to obtain a sale/declaration.

Your resort/club may offer you a deal to get out. You pay them a lot more, money and they promise to release you from the continuing obligation to pay.

Few Options that Time Sure Provides:

Option 1. Sell to Another Consumer

This option is somewhat difficult! The demand for timeshare is at an all-time low with almost all weeks in mid and low season, floating weeks and points being somewhat worthless. Consumers are advised to consider a transfer with a reverse premium using a recommended broker. Only fixed high season weeks in top quality resorts appear to be selling although prices are only a fraction of what the owner originally paid. This is one of the most important factor that timeshare contract termination company provides.

Option 2: Hand back the ownership to the resort or club

Some resorts offer a free “Get Out” to any owner who writes to request termination; others only provide this opportunity to those who are over 75 and/or are unable to travel or are “bankrupt and/or insolvent”

Option 3: ‘Walk away’ by stopping payment of the annual fees

This is still an effective method, but attracts significant risks. In respect to the stopping of payments by the consumer – this may provoke an adverse reaction from the timeshare company and further strain future relationships between the two parties. In response, it is likely, that the timeshare companies will threaten those who default. If a consumer seriously considers this option, then it is advisable that they have a backup plan and have consulted others for sound legal advice. In saying this, in some cases, it has brought the issues into focus and settlements for consumers have resulted.