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:

Timeshare-answers.com

Timeshare-help.com

Timesharescamhelp.com

Timeshare-question.com

Timesharecancelservices.com

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.

Timeshare Contract Loopholes

Trying to achieve freedom from your no longer wanted timeshare can be a hassle. Perhaps you have tried your hand at selling your timeshare on the resale market without any luck. Now, you are looking to get out of the contract as fast as possible so you can finally end your commitment and the timeshare maintenance fees.

Timeshare Developers Fight Against Using Loopholes

Unfortunately, in recent times, timeshare developers have made it increasingly difficult to find contract loopholes to break them. For example, Florida’s 2015 House Bill 453 takes measures to prevent “frivolous lawsuits” by timeshare owners who claim their contracts have “nonmaterial” errors. This is not surprising for the timeshare industry. Timeshare resorts rely on keeping timeshare owners bound in their contracts, even if they no longer use or want their timeshares.

Because timeshare developers have put in extra effort to stop timeshare owners from using contract loopholes to terminate their contracts, it is important to be wary of any timeshare exit companies that assert that they are able to rely on loopholes to end your contract. The truth of the matter is that timeshare exit companies employ other methods they have figured out for helping timeshare owners get rid of their unwanted contracts, aside from finding and exploiting loopholes.

Timeshare Exit Companies

Instead of using loopholes, timeshare exit companies often employ attorneys to assist with breaking timeshare contracts. If a timeshare exit company does not use legal professionals, then it is probably a scam. Most people running these companies also have plenty of experience in the industry and connections that they use as leverage to pressure timeshare resorts into ending the contract.

It is important to research and be aware of the methods that timeshare exit companies use to assist their clients with ending their timeshare contracts. It is also only recommended to work with timeshare exit companies that offer no up-front fee escrow payment options that allow clients to first pay for the service to a third-party holding account that doesn’t release funds to the company itself until the successful cancellation of the timeshare contract. This is the only sure way to avoid scams, and it is never recommended to pay a timeshare exit company any direct, up-front fees. Unfortunately, it is too often the case that a timeshare exit company disappears with their clients money and never actually cancels their timeshare contract. It is not worth the risk to work with a timeshare exit company that charges a direct, up-front fee when reputable, legitimate timeshare exit businesses offering no up-front fee escrow payment options exist out there.

Our website exists as a resource for finding these best timeshare exit companies. We provide reviews on timeshare exit companies and advice consultations. To find out more or get a consultation on your individual case from us, please fill out our contact form or engage our live chat.

How to Legally Rid Yourself of a Timeshare

If you find yourself no longer needing or wanting your timeshare, it is important to know your options for legally breaking and entirely ridding yourself of the timeshare contract.

Timeshare Rescission Period

If you recently purchased your timeshare, you may be able to use your state’s rescission period laws to most efficiently end your timeshare contract. By law, information should have been provided to you in documents when you signed your timeshare contract regarding cancelling your timeshare for a total refund within a short period of time after its purchase. However, if you have owned your timeshare for longer than the rescission period, you will need to use another method for timeshare contract termination.

Timeshare Resort Deedback Programs

Many timeshare developers offer programs of their own for assisting timeshare owners get out of their unwanted contracts. When looking to legally get out of your timeshare, first contact your timeshare developer to see if they are willing to buy back your timeshare or work with you on another option. As of 2/13/19, Wyndham, Hilton, WorldMark, Diamond, Westgate, and Manhattan Club are known to publicly offer such “deedback” programs, but others may offer them as well if directly contacted.

Timeshare Resale

If your timeshare resort does not offer a program of its own, you may want to consider selling your timeshare on a website like Ebay or Craigslist. However, it is important to be aware that this may be more difficult to do than you think. Most timeshares lose at least 50% of their value as soon as they are purchased, and it is not uncommon for timeshares to spend months listed on Ebay being given away for $1 with no bidders.

Timeshare broker companies that are commission-based do exist to assist those with the rare high-demand timeshare, like those by Disney Vacation Club or Marriott Aruba Surf Club, to resale their timeshare. However, no legitimate timeshare resale company charges a high upfront cost or wants to work with low-value timeshares. This is important to be aware of to avoid scams if you are considering this route.

Dave Ramsey & Timeshare Exit Companies

Financial guru, Dave Ramsey, does not support the ownership of timeshares and gives his support to some timeshare exit companies, whose purpose is to help timeshare owners legally break their timeshare contract through the employment of legal professionals. Working with a timeshare exit company may be the best option for you to terminate your timeshare contract if your timeshare resort does not offer a program of its own and your timeshare does not have value on the resale market.

However, it is important to never work with a timeshare exit company that charges direct, up-front fees for their services. Too often in the timeshare relief industry, timeshare exit companies disappear with their client’s money or go out of business without following up with their customers. For this reason, it is recommended to 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 legally terminating your timeshare contract, please do not hesitate to fill out our contact form or engage in our live chat.

How to Get Rid of a Vacation Village Timeshare

If you currently own a Vacation Village timeshare but want to get out of your commitment, we can help provide you with advice on successfully cancelling your timeshare contract.

Timeshare Rescission Period

If you recently purchased your timeshare, you should first look into your state’s timeshare rescission period, which is a short period of time in which a new timeshare owner can cancel their contract for a complete refund from the timeshare developer. Most states allow a couple of weeks for their rescission period, but each state is different. You should have been provided information and instructions on how to cancel your timeshare within the rescission period by Vacation Village Timeshare in the documents you were given upon the signing of your timeshare contract.

If you have owned your timeshare longer than the rescission period, then you will need to examine other options for getting out of your Vacation Village timeshare contract.

Timeshare Resale Market

Owning a timeshare is not like owning real estate, where value increases with time. Unfortunately, most timeshares lose 50% to 90% or more of their value once the contract is signed. Since Vacation Village is such a popular timeshare developer, reselling your timeshare is an unfeasible option. Searching on sites like Ebay for “Vacation Village Timeshares” reveals several listings for as little as $1 that have not sold or attracted any bidders.

Timeshare Exit Companies

Some timeshare developers offer “deedback” programs for buying back timeshares from owners that no longer want them. Unfortunately, as of 2/4/2019, Vacation Village does not appear to have any such program. It cannot hurt to reach out to Vacation Village directly to see if they will work with you to get out of your timeshare contract, but it is important to realize that they do not have any real reason to do so, especially if you still owe a mortgage.

Your best option for getting rid of your Vacation Village timeshare may be to work with a timeshare exit company. These businesses utilize legal professionals to assist timeshare owners with cancelling their unwanted timeshare contracts. If you are considering this option, make sure you thoroughly research timeshare exit companies before deciding on a service. Cases of scams are not uncommon in the timeshare relief industry. There have been many accounts of timeshare exit companies cheating their clients out of money by charging them up-front for their service and never following through with cancelling the timeshare contract. For this reason, it is only recommended to work with a timeshare exit business that allows you to use a no up-front fee escrow payment option. No up-front fee escrow payment options allow for charges to first be paid to a third-party holding account that releases the funds to the company only after they have cancelled the timeshare contract, protecting the client from fraud.

Here on our website, we provide reviews and advice on timeshare exit companies to timeshare owners. If you want to receive a consultation from us, further examine the option of timeshare exit companies, or hear more about no up-front fee escrow payment options, please fill out our contact form or engage in our live chat.

How to Cancel Your Grandview Las Vegas Timeshare

If you are a Grandview Las Vegas timeshare owner looking to rid yourself of a no longer wanted timeshare, our advice can help direct you towards the best method for getting out of your timeshare contract.

Timeshare Resale Market

It is not uncommon for timeshare owners to believe that owning a timeshare is like owning real estate, where value increases over time. However, the unfortunate, and perhaps disheartening, truth is that most timeshares actually lose 50% or more of their value as soon as they are purchased.

Some timeshares purchased from resorts like Disney Vacation Club do hold most of their value, but the fact that Grandview Las Vegas timeshares are so popular only contributes to its overrepresentation in the timeshare resale market. Many Grandview Las Vegas timeshares can be found listed on Ebay for as little as $1, with no bidders.

Timeshare Exit Companies

Timeshares are notoriously difficult to sell on the timeshare resale market, and commonly, timeshare resorts are of little to no help in assisting timeshare owners with breaking their contracts. It can never hurt to first reach out to Grandview Las Vegas directly to see about any options they have for helping you get rid of your unwanted timeshare. However, it is important to keep in mind that there is usually no incentive for a timeshare developer to help their timeshare owners get out of one of their timeshares, especially if the timeshare owner still owes a mortgage. Why would they when they can keep collecting mortgage payments and profit from maintenance fees?

For these reasons, timeshare exit companies exist to help timeshare owners terminate their unwanted timeshare contracts, often by working with legal professionals. It is important to thoroughly research a timeshare exit company before employing use of its services, as cases of fraud are not uncommon in the industry. There have been numerous cases of timeshare exit companies collecting payment from a client and either going out of business or never actually cancelling the contract, but still retaining the customer’s money. Because of this, it is never recommended to pay a timeshare exit company an up-front, direct fee for their timeshare cancellation service. Instead, you should only consider working with a timeshare exit business that allows you to use a no up-front fee escrow payment option, where fees are paid first to a third-party holding account that only releases the funds to the company once they have completed their promised service. This is the only way to ensure total protection from a scam. Here on our website, we review timeshare exit companies and provide timeshare owners with advice on getting out of their unwanted timeshare contracts. If you want to receive a consultation from us, further examine the option of timeshare exit companies, or hear more about no up-front fee escrow payment options, please fill out our contact form or engage in our live chat.

How to Get Out of Your Timeshare Without Hurting Your Credit

Many individuals looking to rid themselves of a no longer wanted timeshare are concerned about finding the most legitimate method for cancelling their timeshare contract without negatively affecting their credit. Luckily, there are options out there for ending your timeshare contract without sacrificing your credit score.

Timeshare Resale Market & Donation Programs

Unlike real estate, most timeshares lose around 50-90% of their initial value as soon as they are purchased. There are countless Ebay listings with no offers for timeshares practically being given away for $1. While there are timeshare broker companies out there that assist with timeshare resale, these brokers are commission-based and only work with owners of high-end timeshares. Unfortunately, unless you own a high-value timeshare like one by Disney Vacation Club or Hawaii’s Westin Ka’anapali, selling your timeshare is an unfeasible option. Never work with any timeshare resale company that claims to be able to help sell a low-value timeshare or charges you an up-front fee for their service, as this is sign of a scam.

If you cannot resell your timeshare, you might wonder if you can give it away to charity for free. Usually, this is not viable either. There is no reason a charity would want a timeshare that nobody would even purchase for $1. In the past, a company called Donate for a Cause charged timeshare owners a fee for donating their timeshare to charity. However, the business was barred from continuing this by the IRS in 2015.

Timeshare Exit Companies

Some timeshare developers offer programs of their own for buying back timeshares. It never hurts to reach out directly to your timeshare developer for assistance in timeshare contract cancellation. However, if you still owe a mortgage balance, then it is unlikely that the timeshare resort will be of much help.

In such a case, your best option for cancelling your timeshare contract is to enlist the service of a timeshare exit company. These businesses work with legal professionals to terminate their clients’ timeshare contracts. If you are considering this route, it is extremely important to do your research on timeshare exit companies before choosing one to assist you. Ask about the company’s method for protecting your credit, and never listen to advice to stop paying your timeshare mortgage or maintenance fees, as this will result in a damaged credit score.

Additionally, it is never recommended to work with a timeshare exit company that charges its customers direct, up-front fees. Instead, you should only consider working with a timeshare exit company that offers a no up-front fee escrow payment option, which allows the client to initially pay to a third-party holding account that releases funds to the timeshare exit company only once they have completed their timeshare cancellation service, eliminating risk of fraud.

If you want to find out more about timeshare exit companies or no up-front fee escrow payment options, we are here to help. Fill out the contact form on this page or engage in our live chat for further assistance.

Mutual Release Corporation Review

Mutual Release Corporation, based out of Springfield, MO, is a timeshare relief business that was founded in 2017.

Mutual Release Corporation Lawsuit & Relation to Other Timeshare Exit Companies

On their website, Mutual Release Corporation claims to have been helping timeshare owners for years. However, their business was only established in 2017. Some online research reveals that the business shares the same address as Principal Transfer Group and Atlas Vacation Remedies, which is under the same ownership as another timeshare exit company, Vacation Consulting Services.

In September 2018, Wyndham sued both Atlas Vacation Remedies and Vacation Consulting Services. Mutual Release Corporation was also sued itself in February 2018 by Diamond Resorts Corporation.

The likely reason these companies have so many different business names is so that they can continue offering their services without the bad image attached to their name.

Mutual Release Corporation Reviews

Mutual Release Corporation reviews are negative online. As of 2/1/2019, the business has an “F” rating on BBB with 6 customer complaints. Additionally, there are negative reviews present on Mutual Release Corporation’s Facebook page.

Mutual Release Corporation Cost For Services

The Mutual Release Corporation cost is not made available online, which is similar to other timeshare exit companies due to the case-by-case nature of the services they provide. However, customer complaints for Mutual Release Corporation mention high up-front fees of around $10,000 for the timeshare cancellation service, though we cannot completely verify whether this is true or not.

Concluding Thoughts

Mutual Release Corporation and the businesses associated with it do not appear to be legitimate and rely on scammy practices to continue to operate. There are complaints of Mutual Release Corporation not honoring the money-back guarantee they display on their website, which is unfortunately not uncommon in the timeshare relief industry. For this reason, it is only recommended to 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 has been successfully cancelled. Using a no up-front fee escrow payment option is the only completely secure way to ensure protection from fraud, and it is never recommended to work with a timeshare exit company that charges direct, up-front fees.

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.



Timeshare Cancellation Advice

The process of ridding yourself from an unwanted timeshare may seem like a daunting task. Luckily, there are plenty of options for timeshare contract termination out there. If you are a timeshare owner seeking to achieve freedom from your timeshare contract, it is important to consider these different timeshare cancellation options in order to determine the best route for your individual case.

Timeshare Rescission Period

If you recently purchased your timeshare, your contract may still fall within your state’s rescission period. Rescission periods protect new timeshare owners by allowing for the timeshare to be cancelled for a guaranteed complete refund of the timeshare within a certain short period of time after the timeshare purchase is made. All U.S. states have different specific allotments of time for the rescission period, but most are around 3-7 days.

By law, your timeshare developer should have provided information to you regarding the specifics of cancelling your timeshare within the rescission period, which usually entails sending a simple letter in requesting to rescind your timeshare. Review the documents given to you upon the purchase of your timeshare for more detailed information on your state’s rescission period and instructions for cancelling your timeshare within the timeframe allotted. If your state’s timeshare rescission period has ended, then you will need to consider other timeshare cancellation options.

Timeshare Resort Deedback Programs

If possible, the best way to get out of a timeshare contract is to work directly with the timeshare developer. Some timeshare resorts, including Wyndham, Hilton, WorldMark, Diamond, Westgate, and Manhattan Club offer “deedback” programs to assist timeshare owners with relinquishing ownership of their paid-off timeshare back to the company. These programs are cheaper and safer than using third-party companies, though most timeshare resorts will not wish to buy back your timeshare if you still owe a mortgage. Always contact your timeshare resort first to see about any options for timeshare cancellation they have available through their own company before exploring any other options.

Timeshare Resale & Broker Companies

Reselling your timeshare is an option for you if your timeshare has any value, which is rarer than you may think. Many timeshare owners mistakenly think that timeshares gain value over time, like real estate properties. However, the truth is that most timeshares lose 50-90% of their value as soon as they are purchased. Only a small selection of timeshares are worth reselling. For example, Disney Vacation Club and Mariott Aruba Surf Club timeshares often retain a significant portion of their initial value, though it is rare to ever resell a timeshare for the same price it was purchased for.

Commission-based timeshare broker companies exist to help owners of timeshares that still have value resell their timeshares. If you are considering using a timeshare broker, first do a search on a site like Ebay for timeshares similar to yours to see if your timeshare is worth selling. It is not uncommon for timeshares to be listed on the web for as little as $1. If your timeshare resembles one of these listings, then a legitimate timeshare broker will not take on your case because they will not receive a commission. Be wary of any timeshare resale companies that charge up-front fees or claim to be able to assist with reselling a low-value timeshare. These businesses are almost always scams.

Timeshare Exit Companies

For timeshares that are not worth reselling, timeshare exit companies exist to assist with cancelling timeshare contracts. Usually, timeshare relief businesses employ legal professionals to help timeshare owners get out of their timeshares. Working with a timeshare exit company may be the best option for you to terminate your timeshare contract if your timeshare resort does not offer a program of its own and your timeshare does not have value on the resale market.

It is never recommended to work with a timeshare exit company that charges direct, up-front fees for their services. Too often in the timeshare relief industry, timeshare exit companies disappear with their client’s money or go out of business without following up with their customers. For this reason, it is recommended to 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.