An Escape From Timeshare Units

Buying a vacation home was once a good way to spend a wonderful vacation with the family. With timeshares, it not only offers you the first class facilities, amenities, and services but also allows you to save more than staying in an ordinary vacation package.

But when recession hit the world economy, finances were hard to manage. Goods and commodities’ prices kept increasing as well as the services rates. Companies have run out of gains and received a big chunk of losses. In effect, jobs were cut down, thus making it more difficult for an individual to survive.

And with this, an ordinary citizen needs to cut down his expenses too. The tables have been turned due to economic recession. Not so long ago, you can still afford to pay the annual maintenance fees. But now, it has been very difficult to pay it up to date. You tried selling it, yet you feel it doesn’t make sense. Someone offers it at a very low price—a very insulting price in exchange of the timeshare you well loved.

But I’m sure it did cross your mind to just abandon it. Anyway, you are not using it anymore. With this, I can say, you’re wrong. Once you neglect your responsibilities, you might be charged more. The timeshare company might hand the case to the court and sue you. That’s another additional fees and penalties. And if you still refuse to pay then you might end up in jail.
So, why do you think timeshare companies wouldn’t want you to get out of your timeshares when in fact you don’t use it anymore?

If companies will just allow people to escape from their financial responsibilities, then there would be more vacant timeshares. And this will be a burden on the part of the company. In short, no company would want you to just evaporate without settling your fees. As long as you are tied up with it for whatever valid reasons you have, then there’s no way you can escape from it.

My advice is to go back to your timeshare company and negotiate it with them. Tell them that you no longer can sustain the finances and that you are not using it anymore. Be ready for some cash settlements. Or you can auction your unit in eBay, Craigslist, etc.