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RED FLAGS IN THE TIMESHARE EXIT PROCESS
UNAUTHORIZED PRACTICE OF LAW
The contract that binds your timeshare ownership is a legal document and therefore any consideration of transfer, payment cessation, etc. should only be done under the advice of a personal attorney specializing in timeshare exit. Beware of timeshare exit companies who advise you to stop paying your timeshare mortgage or timeshare fees and be sure any legal advice you obtain is from a licensed attorney who represents you. A consideration to stop making your payments should be discussed with your individual legal counsel with whom you have a letter of representation. Make sure your attorney clearly explains the potential risks and/or benefits of such a decision. Generally, failing to pay your timeshare- related fees could result in collection efforts by your resort, which could damage your credit for years to come. You could receive interest and penalties on what you owe, and then the collection calls can start. If you still refuse to pay your bills, the resort may do anything to collect, including, in worse case scenarios, putting a lien on your personal property. Ultimately, the resort could foreclose on the timeshare—severely damaging your credit and impacting your financial future.
FALLING VICTIM TO SCAMMERS COULD:
Hurt your wallet if a fraudulent caller asks for a deposit
Damage your credit if someone falsely advises you to stop paying timeshare mortgage or fees
Cause problems with the IRS if you donate your timeshare and claim an invalid deduction
Fool you to believe you’ll be rid of your timeshare within a certain timeframe
Need To End Your Timeshare Ownership? Call The Timeshare Exit Hotline At: (877) 323-9923
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