How Do Timeshare Exit Teams Work?
- 27 August, 2021
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Exiting your timeshare contract can become stressful if the resort company doesn’t want you to end the agreement. If this process is done without care, you may end up with a battered credit or a lengthy legal battle with the resort company.
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When someone enters a timeshare contract, they often don’t think about needing to exit it. However, many timeshare owners want to leave the agreement and be free from the burden. Unfortunately, they have no clue where to start. They don’t know who to talk to, and they aren’t familiar with the timeshare exit process. Fortunately, timeshare exit teams, like the Forza Consumer Group, are here to help.
In this post, we’re going to take a look at how the timeshare exit team works. If you are planning to hire one, it’s best to know the steps you will need to go through when working with an exit team. We will also talk about the things that you should look out for when hiring an exit team.
1. Find Companies from Legitimate Sources
Before you hire an exit team, the first thing you want to do is to learn everything about them. First, make sure that the company is legitimate by examining what third-party sources are saying about them. Pick companies registered in the Better Business Bureau.
2. Connect With A Timeshare Exit Team via the Free Consultation:
Most timeshare exit companies have free consultations. You can schedule one right now by filling out the form at the bottom of this page. During this call, they will ask you about the details of your timeshare ownership. It would help if you were honest when answering questions during this call. They will use the information you provide them to create a timeshare exit strategy that best fits your situation.
3. Be Ready for the Following Questions about Your Timeshare Ownership:
When you contact a timeshare exit team, they will set up a meeting with experts to learn more about your circumstances. They might ask some questions, such as:
- Is the mortgage paid off?
- What timeshare company in what state?
- When did you purchase your timeshare?
- Why do you want to exit?
During your free consultation, most organizations will ask similar questions to understand your situation better. Remember that each timeshare contract is unique, so the exit team must analyze each case with care. After carefully studying the agreement and the payment history, they can create the best approach to get you out of the contract.
4. Be Ready with Your Own Questions:
There’s no doubt that you also have a lot of questions for the timeshare exit team. You may want to list them down before the meeting.
Here in Forza, our staff will keep the talk quick and to the point. The goal is to clear up any doubts you may have and answer all your questions about the process. We must be on the same page before implementing the strategies to get you out of your timeshare contract.
We will discuss their pricing structure right away to provide complete clarity about what you may expect throughout the process.
Ask the exit team representative which law firm will represent your case if legal representation is needed. Be careful if a company is not partnered with any law firm. The exit team’s strategic options will be severely limited if they do not have an attorney on board. The Forza Consumer Group, for example, is partnered with Molfetta Law to represent the interest of our clients.
In most cases, legitimate timeshare exit professionals will advise you that you keep paying your timeshare fees. It is your legal obligation to keep paying these fees until you are effectively out of your contract.
Your timeshare exit will be more graceful if you uphold your end of the bargain. By paying these fees, you will be able to avoid foreclosure and the potential damage this may cause to your credit store. Avoid companies that tell you to stop paying your maintenance fees and other financial obligations stated in your contract.
5. Send a Copy of your Timeshare Documents:
Once the team has a good understanding of your position, they will require some key papers to begin working on your behalf as soon as possible. These documents include the following:
- Purchase contract
- Special assessment fee bills (if any)
- Copy of your deed
- Maintenance fees statement
The timeshare exit team will need all these documents to start working. They will examine the records to determine the best possible solution for your timeshare situation.
At this point, the timeshare exit team may also need you to sign documents that give them authority to act on your behalf. Once this document is signed, the team will start working on getting you out of your timeshare agreement.
6. Demand Regular Communication from Your Exit Team
The Final Procedure: Throughout the process, the exit team should be in touch with you to update you on your case. They should keep you informed and updated on everything until you’re out of your timeshare.
The total length of the process will depend on your situation. Exiting a timeshare might take as little as 180 days in some cases. In other circumstances, more time may be required. The exit team will send you the title paperwork and proof of your timeshare cancellation once your case is completed.
Be wary of timeshare exit companies that guarantee a quick exit from your contract. No exit team can make such a guarantee because every case is different.
That’s all there is to it. You’ll be free of your timeshare obligation for good, and you’ll finally have the peace of mind you’ve always wanted. There’s a lot of buzz at the moment about timeshare exit companies. You might find it challenging to know where you should begin with your unwanted timeshare. Hopefully, after reading this post, you now have a solid framework that you can stick to when talking to a timeshare exit team. For more information, visit Forza Consumer Group.
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