Explanation

If you own a time share, and have concluded you need to end your obligations, you have a number of ways that you can exit from your time share. The payments can be a burden and they continue on in perpetuity.  Depending upon when you reached the conclusion you need to exit, there are a number of options. Typically, time share contracts have a rescission period from 3 to 10 days. You can get out of your time share during the rescission period by notifying the resort or the developer within the period.  If you are outside of the cancellation period or none exists because the property is outside of the United States, it becomes more difficult. 

First, you can try to contact the developer/resort and see if they will take it back.  Second, you can try to sell it. Understand, the secondary market will not yield the same price at which you bought the time share. Your third option is to work with a time share cancellation company.  Keep in mind, a time share is a legal interest.  While the tactics of some time share companies are indefensible, oftentimes unless you are working with a law firm, you could be short changed.  In some circumstances the only way to get rid of a timeshare is through initiating legal action. 

There can be consequences to you when you try to cancel a timeshare. You have to be certain that your timeshare cancellation company fully discloses the entire situation to you so that you are not surprised and everything is anticipated. 

Many time share cancellation companies are not reputable. Companies that advertise a guaranteed timeshare exit solution often want to charge thousands of dollars up-front to “cancel” your legally binding timeshare contract. Often, the only thing the timeshare cancellation company does is to instruct you to stop communicating with the resort/developer and discontinue all future maintenance fee payments. Any time  you discontinue making maintenance fee payments, there is a probability of foreclosure. While foreclosure may mean the time share is cancelled, it also means your FICO score and credit reports will be adversely impacted. 

Most time share cancellation companies will require a large up front fee and are not law firms. RBI Limited Liability Company recommends you only work with a law firm who can represent you if you ultimately need to proceed to litigation. Similarly, RBI Limited Liability Company also suggests you work with an organization where you will only pay if the time share cancellation company is successful. RBI Limited Liability has a vetted Provider that is a law firm with affiliated lawyers admitted all over the United States who operates on a performance basis.

CONNECTION TO A TIME SHARE CANCELLATION LAW FIRM

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