What Is Escrow and Why Should You Care

We only recommend working with timeshare cancellation companies that offer an escrow payment option because we do not want to see timeshare owners get scammed. When you pay with escrow, the timeshare cancellation company only gets paid AFTER they have cancelled your timeshare.

Escrow is a 3rd party holding account that is not connected to the timeshare cancellation company. You pay the escrow account up-front, but the timeshare cancellation company is not able to access those funds until you decide to release them from the escrow account. If you’ve ever purchased a home, you likely needed to put money in escrow first before making the down payment.

Why Is Escrow Important?

In the past few years there have been several timeshare cancellation and resale companies that have taken timeshare owner’s money up-front, and never sold or cancelled the timeshare. Any company can make big promises with a “100% money-back guarantee,” but that doesn’t mean anything at all. You have no guarantee that they will stay true to their word and refund your money if they are unable to cancel your timeshare.

 For example, a large timeshare cancellation company by the name of Resort Release offered all its customers a “100% money-back guarantee,” but in May 2019 the company filed for bankruptcy. There is a good chance timeshare owners that paid Resort Release up-front will not be getting their money back.

Resort Release is just one example of many. A few other timeshare cancellation companies that charged up-front and later went out of business or disappeared with the money include:

  • Aconsumercredit
  • Mutual Release Corporation
  • Vacation Consulting Services
  • UDI Consulting
  • Castle Law Group

As of May 22, 2019, there are only a small number of timeshare cancellation companies that offer an escrow payment option. Our favorite company to recommend is one by the name of Timeshare Compliance. This company offers escrow and has great reviews online. You may read our full review of Timeshare Compliance or contact them directly for a free consultation.

If you have more questions about cancelling your timeshare with an escrow payment option, please submit a contact form, initiate live chat or give us a call at the number at the top of the website.

Timeshare Answers Review

Timeshare Answers, based out of Orlando, Florida from 2009, is a timeshare exit and resale business that uses multiple domain names:






It is unclear why Timeshare Answers uses several domain names, but is not necessarily negative.

Analysis of Timeshare Answers’ Websites

On Timeshare-answers.com, the company claims that only some timeshares hold value, while others are worthless once purchased, which is transparent and accurate. For example, Disney Vacation Club timeshares often retain resale value while most other timeshare resort timeshares prove impossible to resell. On the “Services” webpage, Timeshare Answers states that they offer termination, resale, rental, and transfer services for timeshares. It is not common for timeshare exit businesses that use attorneys to also offer resale services in Florida, as selling timeshares requires a real estate license, and most legitimate real estate agents do not want to risk their license by employing timeshare exit tactics.

On Timesharecancelservices.com, which appears to be the new version of Timeshare Answers under a new business model, resale services are not mentioned. On the “Services” webpage of this website, Timeshare Answers states that they re able to recover timeshare owners’ money upon the cancellation of their contract. They claim to have recovered over $6,500,000 on the “About” webpage. While this sounds great, it may be too good to be true. No other timeshare exit business has been able to do this, and the only cases we know of timeshare owners getting money back are ones involving class-action lawsuits.

Timeshare Answers Reviews

Timeshares Answers reviews online are sparse, but positive. As of 2/25/2019, Timeshare Answers has a 5 (out of 5) star rating out of 14 reviews on BBB.

Timeshare Answers Cost For Services

The Timeshare Answers cost is not displayed on their own website, due to the individualized nature of the services they provide.

Concluding Thoughts

Timeshare Answers mentions a 100% money-back guarantee on their website, implying that they charge upfront for their services. While the business may appear legitimate, it is never recommended to work with a timeshare exit company that charges upfront due to risk of scam. Instead, you should only work with a timeshare exit company that offers a no up-front fee escrow payment option, which allows for customers to pay for the company’s service to a third-party holding account that only releases the funds to the business once the timeshare is successfully cancelled. Using a no up-front fee escrow payment option is the only absolutely secure way to ensure protection from fraud.

If you want to hear more about no up-front fee escrow payment options or get more timeshare exit company advice, please fill out our contact form or engage in our live chat.

Advice for Timeshare Cancellation After the Rescission Period

Timeshare rescission periods are laws put into place to protect new timeshare owners. They allow timeshare owners that have recently purchased their timeshare to cancel the contract for a total refund from the timeshare developer within a certain period of days after the signing of the contract. Each state has a different rescission period, but usually the period is not any longer than 2 weeks at the most. If your state’s rescission period has already ended but you want to get out of your timeshare commitment, there are a few options you should consider.

Timeshare Resale

Reselling your timeshare is an option for getting out of your timeshare, however, it may be much more difficult than you think. Unfortunately, most timeshares lose 50-90% of their value as soon as they are purchased. The timeshare resale market is flooded with common timeshares in locations such as Las Vegas or Orlando, and the prevalence of timeshares practically being given away on sites like Ebay for $1 proves this. Only certain timeshares tend to hold any of their value. For example, Disney Vacation Club and Marriott Aruba Surf Club timeshares are usually able to be sold relatively well, though rarely for the entirety of the initial cost.

The best way to attempt to sell your timeshare is to do so yourself using online platforms like Ebay or Craigslist, which have no additional cost to yourself. There are timeshare resale companies out there that claim to be able to help sell your timeshare with their advertising services. These companies are usually scammy and charge you upfront fees for advertisements that rarely result in actually selling your timeshare. It is important to be aware of this and avoid any company that charges upfront fees.

Timeshare Cancellation & Timeshare Exit Companies

Another option for terminating your timeshare commitment is to enlist the help of a timeshare exit company to break the contract for good. Timeshare exit companies work with legal professionals to help timeshare owners get out of their timeshares. However, it is important to do adequate research on timeshare relief companies before choosing one to work with in order to ensure the business is legitimate.

It is never recommended to work with a timeshare exit company that charges direct, up-front fees for their services. Instead, you should only work with a timeshare exit company that offers a no up-front fee escrow payment option, which allows the client to pay for the service initially to a third-party holding account that only releases the money to the timeshare exit company itself upon the successful cancellation of the timeshare. This is the only way to guarantee protection from fraud.

If you would like to receive more information on timeshare exit companies, no up-front fee escrow payment options, or advice on terminating your timeshare contract, please do not hesitate to fill out our contact form or engage in our live chat.