Can I get out of a timeshare?
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Can I get out of a timeshare?
I purchased a timeshare at Branson, Mo. last year now see
that it wasn’t a good idea, can I legally get out of it
without filing bankruptcy
Asked on September 11, 2018 under Real Estate Law, Oklahoma
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Check your contract and see if you can return it to the resort; typicallly this is not alloed but you should check anyway. Also, you can try tyou can try to rent it out to at least cover your costs. Further, you can sell it if their is a demand in the market for it. Additionally, you can try and donate it timeshares toa charity; there are a number of charitable organizations that accept such donations, especially if they already have strategies of making profits with timeshares. Finally, you can do what you have laready attempted to do; you can get "timeshare relief" by paying somebody else to take over your timeshare and relieve you of the obligations.
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
No, unfortunately once you sign up for a time share, you are contractually--that is, legally--locked into it; there is no way to get out unless you sell it or the time share company chooses voluntarily to get you out (or, as you write, you go through bankruptcy). No one can guaranty that they can get you out of the time share, because they do not control the time share company or have the power to force them to let you out of the contract,.
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