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Informed Timeshare Decisions,

Is It Harder to Cancel My Timeshare with a Mortgage?

If you’ve reached a point where your timeshare has become a burden, you’re not alone. Many families struggle with the crippling financial hardships created by all the annual costs associated with timeshare ownership. At some point, you may decide that you can no longer afford these expenses and your best option is to get out of the contract.

Unfortunately, it can be very challenging to get out of a timeshare. If you still owe money on your timeshare mortgage, the process can be even more difficult. Selling your timeshare isn’t ever a good solution since you’re unlikely to find a buyer and if you do, you’ll be forced to sell for pennies on the dollar. However, it’ll be virtually impossible to sell your timeshare if the mortgage hasn’t been paid off since no buyer will want to take on that financial obligation. Your best option is to legally cancel your timeshare contract.

Don’t Stop Paying Your Timeshare Mortgage

Canceling your timeshare is a complex process that can take a long time to complete. While it may be challenging to meet the financial burdens of your timeshare during this time period, it’s crucial that you continue making all your monthly mortgage payments until your timeshare cancellation is complete. If you default on your mortgage, you may face a variety of harsh consequences, including:

A foreclosure stays on your credit report for seven years, so these financial consequences will negatively impact your life for a long time. It’s never worth taking on these penalties. Therefore, we always recommend that you continue making your mortgage payments throughout the cancellation process.

Canceling a Timeshare with a Mortgage

While canceling a timeshare with a mortgage can be more challenging, you can still get out of your contract. If the salesperson misrepresented facts or engaged in any fraudulent practices during the initial sales presentation, it may even give you a significant amount of leverage.

Some common examples of fraud or misrepresentation during the sales presentation include:

Timeshare Termination Team Can Help

If you’d like to get out of your timeshare, you have options. At Timeshare Termination Team, we can help you safely, legally and permanently cancel your contract. We have a team of in-house attorneys who will carefully examine the terms of your agreement in order to recommend a customized exit strategy that will deliver your desired outcome. We’ll also analyze your case to identify potential instances of fraud or misrepresentation during the initial sales process.

We’ve helped many families who still owe money on their timeshare mortgage achieve the freedom they desire. We understand the ways in which your timeshare loan impacts the process, and we’ll adjust your exit strategy to accordingly.

Timeshare Termination Team offers an exclusive You First Approach™ that places your needs first every step of the way. We understand the stress that can occur when you face the crippling financial burdens of timeshare ownership, and we’re here to help you break free of these burdens once and for all. You deserve to live life on your own terms. When you eliminate the financial constraints associated with your timeshare, you’ll be able to regain control of your life.

As part of our You First Approach™, we offer you a Money-Back Exit Guarantee™. This gives you peace of mind that your best interests are being represented every step of the way. Our guarantee ensures you receive a full refund if we’re not able to safely, legally and permanently cancel your timeshare.

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Please contact us today to schedule a free consultation. Get started living life on your terms again.

Ready to Get Out of Your Timeshare?

Freedom from your timeshare burdens is only a phone call or a click away. Schedule a free consultation with one of our Expert Advisors. They'll give you all the information you need to make an informed decision about your timeshare situation.

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