Timeshares have been known to provide a great opportunity for travel. However, there may come a time when you want to find out how to get rid of timeshare legally. There are a few steps involved in saying goodbye to your timeshare once and for all.
Find a Reputable Company
The first thing you need to do is find a reputable company that is accredited by the Better Business Bureau. By working with a reputable company, you can be sure that the timeshare is properly transferred so that you are no longer listed as an owner.
In order to determine if a company is legitimate, read through testimonials and do some research. You can also rely on the rating from the Better Business Bureau.
How is the Timeshare Transferred?
It’s important to understand that when you want to get rid of your timeshare, a network of closing companies and title companies will work to transfer the title. The title will then get re-recorded to the proper jurisdiction.
By working with a company that specializes in transferring clients out of unwanted timeshares, you can be confident that the transfer will happen.
Exploring Your Eligibility
In some instances, you are able to transfer your timeshare. In some instances, attorneys may need to determine if there is a legal basis for terminating the timeshare. For example, if you still owe money or there is a mortgage involved, it may require some additional work in order to transfer the title. It’s also important to note that there are some resorts that cannot be accepted into timeshare transfer programs.
If you no longer want the timeshare that you have, there are options available to you. Before you pay your maintenance fees for another year, consider working with a company that will help you transfer your timeshare out of your name.