Timeshare Mortgage Cancellation

Trying to get out of a timeshare contract while still owing a mortgage can be frustrating. Most paid-off timeshares are already difficult to sell on the timeshare resale market, so adding in the factor of balance on the timeshare mortgage makes it nearly impossible to sell the timeshare. Timeshare developers rarely offer much assistance in cancelling a timeshare contract if the timeshare owner still owes fees because they profit from the timeshare owner’s payments.

Fortunately, there are still options out there for cancelling a timeshare that still has a mortgage balance.

Don’t Stop Paying Your Mortgage

Firstly, it is important to be aware of the consequences if you should refuse to make your timeshare payments or pay the timeshare’s maintenance fees. Doing so is illegal and can negatively affect your credit score. There is chance that the timeshare resort may sue, as well. It is never advisable to stop paying your mortgage on a timeshare or its maintenance fees. Instead, you should evaluate your options to take the best route to legally get out of your no longer wanted timeshare.

Timeshare Mortgage Cancellation Options

You may have legal standing to terminate your timeshare contract. If the timeshare was misrepresented in any way during its sales presentation or there are illegitimate claims in the timeshare contract, then you have a good chance of terminating the contract through the law. There is even a very slight chance that you may be entitled to a partial refund of the timeshare purchase. For instance, Manhattan Club, a timeshare resort in New York, was caught selling more timeshares than were available in their inventory. A lawsuit ensued, and the timeshare owners won $6.5 million.

There are timeshare companies out there that employ legal professionals to assist with such cases. Ask yourself the following questions to determine if using one of these timeshare exit companies’ services might be the best option for you:

  • Was information about your state’s rescission period provided to you in documents from the timeshare developer upon your timeshare purchase?
  • Did the timeshare resort offer to purchase a timeshare you already owned from you if you, in exchange, purchased their timeshare, but the timeshare resort never followed through?
  • Was a no interest financing option advertised with the timeshare, but you ended up being charged loan interest?
  • Was the incentive tax benefits for the timeshare purchase made?
  • Were fees for the exchange of your timeshare for a different location disclosed?
  • Was a gift offered only if you purchased the timeshare?
  • Was the timeshare presented as an investment that gains value over time?
  • Did the timeshare developer claim that they would buy back the timeshare if you did not want it in the future but later found this untrue?
  • Was a promise made that maintenance charges would not rise, but they did?
  • Did the timeshare presentation or tour last longer than promised?
  • Was the sales presentation initially disguised as something else, such as a dinner meeting?

If any of the above questions were true in your situation, working with a timeshare exit company may be the best option for getting you out of your timeshare contract. Here on our website, we provide timeshare owners like yourself with advice on timeshare cancellation and review timeshare relief companies. We only recommenced 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.

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.

Finn Law Group Review

Finn Law Group, based out of Largo, FL and operating from 2011, specializes in helping timeshare owners cancel their unwanted timeshare contracts.

An Analysis of Finn Law Group’s Website

On their website, Finn Law Group claims to have been helping individuals terminate their timeshare contracts for over 45 years, likely referencing the founder of the group, Michael D. Finn’s experience, which is listed as over 45 years in his bio on the website.

Finn Law Group’s attorneys are represented on their website, which signals that the business is reputable. Some timeshare relief businesses do not give details on their websites about the lawyers that they claim to work, which is a red flag that they may not be working with actual legal professionals at all. Furthermore, all of the lawyers displayed on the Finn Law Group website have legitimate backgrounds and law-practicing licenses. Michael D. Finn has been used as a reference for timeshare information in publications including Inside the Gate, which helps establish his reputation.

The Finn Law Group website also has a “Learning Center” with well-researched articles full of accurate information regarding timeshares, showing that the business is well-versed in the industry and knows what it is doing.

Finn Law Group Reviews

Finn Law Group reviews online are outstanding. As of 1/30/2019, the law firm has an aggregate 5 (out of 5) star Avvo rating out of 118 reviews, 4.9 (out of 5) stars Lawyers.com rating, an “A+” rating and accreditation by the BBB, and reviews from happy clients on Google and Facebook.

Finn Law Group Cost For Services

The Finn Law Group cost is not made available online via their website, which is similar to most other timeshare exit companies because of the individualized nature of the services such businesses provide. However, research on web forms seems to suggest that the cost of Finn Law Group’s services is around $3,000. This amount likely varies on a case-by-case basis, and a timeshare owner should consult with Finn Law Group directly to get an accurate estimate for their own timeshare cancellation case.

Concluding Thoughts

Finn Law Group appears to be a legitimate law firm that may be provide a great timeshare cancellation option for timeshare owners looking to rid themselves of their no longer wanted timeshares. The business warns against paying large up-front fees for timeshare cancellation services on their website, however, it is unclear how the business itself charges for its services.

It is important to note that it is always in the best interest of a timeshare owner to only work with a timeshare exit company that offers a no up-front fee escrow payment option. This payment option 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 absolutely 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.


How to Cancel a Timeshare Contract in Florida

If you are in possession of an unwanted timeshare in Florida, know that you have options for freeing yourself from the timeshare.

Florida Rescission Period & Timeshare Resort Deedback Programs

All U.S. states have rescission period laws that allow new timeshare owners to rescind their timeshare for a complete refund from the timeshare developer within a certain period of time after the timeshare contract was signed. Each state has a different rescission period, but in Florida the period is 10 days. Timeshare owners must mail a letter stating their request to rescind their timeshare to the timeshare resort in order to cancel the contract.

Under law, timeshare developers must provide information regarding the rescission period to timeshare owners in the documents given out upon the purchase of a timeshare. Instructions on cancelling your particular timeshare using the rescission period laws should be found in these documents.

If the rescission period has ended, then the first step you should take if you wish to cancel your timeshare contract is to contact your timeshare developer directly to see if they have any programs of their own to assist with timeshare cancellation. Resorts including Wyndham, Hilton, WorldMark, Diamond, Westgate, and Manhattan Club all offer services directly through their company known as “deedback programs” that help timeshare owners give their timeshares back to the company. This is always the most cost effective, risk-free way to go about getting rid of a timeshare if such a program is offered by your timeshare developer.

If you have owned your timeshare for longer than 10 days in Florida and your timeshare developer does not offer a deedback program or timeshare cancellation service of their own, then you will need to explore other options for successfully terminating your timeshare contract.

Timeshare Resale in Florida & Broker Companies

Unlike real estate, timeshares typically do not hold their value. In fact, most lose around 50-90% of their initial value as soon as the contract is signed. Several timeshares can be found listed for as little as $1 on Ebay or Craigslist. While this may be disheartening news, it is important to realize that in most cases, selling a timeshare is not a viable option for getting out of one.

This is not always the case, however. Some timeshares, like those by Disney Vacation Club, can sell for most of their initial value. It is rare to ever sell a timeshare for the same price you purchased it, but in some rare instances, you may be able to get back a good portion of the purchase value. If you would like to consider the option of selling your timeshare in Florida, it is recommended to first do a search on Ebay for timeshares similar to your own in order to gauge whether it is worth selling or not. Timeshare broker companies exist for timeshare owners with high-value timeshares to assist with timeshare resale for a commission. It is important to be wary of any timeshare resale companies that charge an up-front fee or claim to be able to resell low-value timeshares, as these businesses are usually scammers that simply want your money and do not actually help with selling your timeshare.

No Upfront-Fee Escrow Payment Options & Timeshare Exit Companies

An option for cancelling a Florida timeshare if your timeshare developer does not offer a program of their own and your timeshare is not worth selling is to work through a timeshare exit company. These businesses usually employ legal professionals to assist with breaking timeshare contracts for their clients. It is important to do your research on timeshare exit companies before choosing one to work with, and it is never recommended to work with a timeshare relief business that charges 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 pay first to a third-party holding account that does not release any funds to the timeshare exit company until they have completed their timeshare cancellation service. This eliminates risk of fraud and is the only way to ensure you are protected from a scam or the company going out of business, taking your money with them.

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

How to Get Out of a Bluegreen Timeshare

If you are looking for options on getting out of a Bluegreen timeshare, we are here to help by providing advice on the best method to successfully cancel your timeshare contract.

Bluegreen Timeshare Cancellation Policy & State Rescission Period

State rescission period laws are there for the protection of new timeshare owners. Also referred to as the “cool-down period,” these laws ensure that a timeshare owner can cancel a new timeshare contract for a full refund by the timeshare developer within a short period of time after the timeshare purchase was made. Each state has a different rescission period, but usually it lasts for 3-7 days. Information regarding your state’s laws and process regarding the rescission period should have been provided to you by Bluegreen. If you still fall into this period of time, then this is the best method for you to end your timeshare contract.

If the rescission period has ended, then the first step you should take is to contact Bluegreen to find out if they have any options for cancelling your timeshare through them directly. This will save you time and money in the long run.

Bluegreen Timeshare Resale

Many timeshare owners think timeshares, like real estate, increase in value over time. However, for most timeshares, this is untrue. Bluegreen timeshares in particular do not typically hold their value, and many can be found listed for $1 on Ebay or Craigslist.

There are timeshare broker companies in existence that assist with reselling timeshares for a commission. However, these companies typically only work with owners of high value, in-demand timeshares. If a timeshare resale company charges a high up-front fee or claims to be able to resell a timeshare that has similar timeshares listed for cheap on Ebay, then it is likely a scam business.

No Upfront-Fee Escrow Payment Options & Timeshare Exit Companies

Timeshare exit companies assist timeshare owners with getting rid of their unwanted timeshare contracts. They are a great option for timeshare owners whose timeshare developer does not offer its own program for cancelling their timeshare. It is very important to put in research in order to find a legitimate, reputable timeshare exit company if you are considering using one to help terminate your timeshare contract.

Luckily for you, our website exists to advise timeshare owners with cancelling their timeshare contracts. We review timeshare exit companies and only recommend those that offer no up-front fee escrow payment options to ensure that you are 100% protected from fraud. In the timeshare relief industry, there have been many cases of timeshare exit companies charging clients up-front for their services and never following up with their end of the bargain. 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 the customer to pay to a third-party holding account that only releases money to the timeshare exit company upon the termination of the timeshare contract.

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

How to Get Rid of a Hilton Timeshare

If you are the owner of a no longer wanted Hilton timeshare, we can guide you in the right direction for the smooth, successful cancellation of your timeshare contract.

Hilton’s Timeshare Cancellation Program

Often, the best way to get out of a timeshare contract is to work directly with the timeshare developer. Many timeshare resorts offer programs to assist timeshare owners with ridding themselves of unwanted timeshares. These programs are usually less expensive than working through third-party companies that assist with breaking timeshare contracts, so it is always recommended to first explore this option before moving on to others. Hilton’s program for cancelling timeshares is named Hilton Grand Vacations Member Solutions, and more information on the service can be found here. You can directly contact Hilton to find out more about how they can help you in your situation.

Timeshare Resale & Broker Companies

A commonly held belief among timeshare owners is that owning a timeshare is like owning real estate, where value grows with more time. This is, unfortunately, not the case at all. While some timeshares, such as those by Disney Vacation Club, do usually hold their value, most do not. In fact, many timeshares can be found listed on Ebay for as little as $1. This is because timeshare developers, like Hilton, increase the initial cost of a timeshare to pay for overhead costs, such as commissions on the timeshare sale, gift incentives, and facilities.

It is rare to be able to resell a timeshare on the market for any substantial value. However, there are timeshare broker companies out there that claim to help timeshare owners do just that. Usually, these timeshare brokers will only work with owners of high value, in-demand timeshares because they are paid based on commission. It is important to note that timeshare resale companies that charge high up-front fees for their services are usually scams.

Timeshare Exit Companies

Timeshare exit companies are another option for timeshare cancellation. These businesses assist timeshare owners whose timeshare developer does not offer its own program to cancel their timeshares. In the case of a Hilton timeshare, the best option is to work with Hilton directly through their own timeshare cancellation service. This will save you effort and money.

However, it is important to note that if you should ever need to work through a timeshare exit company to rid yourself of a timeshare contact, you should only work with one that offers a no up-front fee escrow payment option, where customers 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. Using a no up-front fee escrow payment option is the only sure way to protect yourself from being scammed out of money by a timeshare exit company.

Our website offers guidance on how to get rid of your unwanted timeshare while avoiding scams. 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.