How to Get Rid of a Timeshare That Is Paid Off

You fell for it. You went to a timeshare sales pitch, listened to the sleazy salesperson, handed over your credit card, and bought into a timeshare you wish you’d never agreed to. Now that you’ve invested a huge amount of money and time into taking trips to your unit, you’ve decided that timeshare ownership is not for you. If you’re in this situation and wondering how to get rid of a timeshare that is paid off, you have a few options. But figuring out which one’s best for you can be tough depending on your timeshare developer and their policies on cancellation. Even though you no longer have a loan to pay and interest rates to keep up with, you can’t just walk away and hope for the best. In order to make a responsible decision on how to get rid of a timeshare that is paid off, you must evaluate each of these exit methods. 5 METHODS FOR HOW TO GET RID OF A TIMESHARE THAT IS PAID OFF If only you had taken advantage of the rescission period and canceled your timeshare purchase right away, then you would not have suffered years of stress and thousands of dollars worth of annual maintenance fees that you’ll never get back. The good news is that you no longer owe money on your mortgage payments, which makes your predicament of how to get rid of a timeshare that is paid off slightly easier. Here are five options you may have for escaping timeshare ownership. 1. Reach Out to Your Timeshare Resort The first option that anyone with a paid-off timeshare should look into is a deed-back program. Also called a buyback program, timeshare owners who are in good standing with their resort may be able to use this option to hand their timeshare back once it’s paid in full.