Below is a list of the most frequently asked questions about timeshares and timeshare divestment. Whether you’re considering selling, transferring, or legally refusing a timeshare inheritance, we’ve compiled answers to help guide you through the process. Simply click on the question to reveal the answer.
Simply fill out our free consultation request form on this page or call directly at 1.888.612.9429 and a specialist will help you determine a solution to your timeshare troubles.
It all depends on which option is best for you. Normally, you will be free of all of timeshare obligations in 8 – 12 weeks.
All paperwork and transfers are handled by Resort Closings, Inc, a licensed, bonded and insured closing and escrow company. Owners can feel secure knowing that Resort Closings has completed more than 40,000 transfers since their founding in 2002 and that any funds are held in escrow until all services have been completed.
No, our transactions work just like a traditional real estate sale, nothing is due until the paperwork transferring your timeshare to a new owner has been signed.
All maintenance fees, special assessments, and tax bills must be current before starting one of our programs.
Unfortunately, all mortgages must be paid off prior to transferring your timeshare ownership with one of our programs. If you have an outstanding mortgage, refinancing can be a great step to lowering your payments and saving on interest expenses click here to learn more about refinancing.
Our solution is different, instead of legal action against the resort, which is an unnecessary expense, we work to find a new owner that is willing to take on your maintenance fee obligation. This is cheaper for you and better for the other owners. Check out our blog to find out what makes us unique here.
If you are bequeathed a timeshare that you don’t want or can’t use, you will need to file a “Disclaimer of Interest” – a written refusal to accept the timeshare. We recommend reading our dedicated post to understand the process and when you can’t legally disclaim a timeshare.
To give a timeshare back to the resort, you need to file a quit claim deed. However, with resorts not being under obligation to accept a quick claim deed, we recommend you have an attorney to help you. You can find out more about giving back timeshares here.
Are you seeing a steep increase in your annual timeshare maintenance fees? There are a number of reasons why this may be, from defaulting on payments to unscrupulous companies. Read more here.
Timeshare exchange programs allow timeshare owners to trade their week for a different opportunity. Read here to understand how these program work and if they could be right for you.
The cost of exiting a timeshare can vary depending on the method chosen and individual circumstances. Options include selling through listing companies, using brokers, resort takeback programs, transfer companies, or seeking assistance from exit companies, timeshare attorneys, or consumer advocates. To learn more about the costs associated with timeshare divestment, click here.
Determining the value of a timeshare involves evaluating factors such as nightly rental rates, sold auction listings, and personal purchasing decisions. By comparing these factors, owners can gain insight into the worth of their timeshare and make informed decisions about divestment. For more guidance on determining your timeshare’s value, refer to our dedicate blog here.
Timeshare owners have various options for selling their ownership, including listing with timeshare listing companies, utilizing brokers, resort takeback programs, or transfer companies. Additionally, exit companies, timeshare attorneys, and consumer advocates can help negotiate timeshare contracts. Each option has its own considerations and potential costs, with the best exit solution depending on your particular property. Read more here.
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Use our consultation request form or call us today to determine the best option for your ownership!
Resort Closings, Inc is a licensed and bonded escrow company specializing in the legal transfer of timeshares, if you need to transfer your ownership to a new owner, they can help!
Ready to list your timeshare? Buy and Sell Timeshares, offers affordable subscription based pricing, so you won't over pay to list your ownership.
If you are buying or selling a timeshare, use our Timeshare Scam Database to avoid know scams on the Timeshare Resale Market.