EXIT COMPANY

[esco9903]

Anyone dealt with the Newton Group to get out of their timeshare?

 

[WorldT]

Exit companies are a waste of your money. They can not anything that you can't do yourself. Why waste your money? But if you still like spending money, I am accepting donations for my vacation fund. I am not joking.

 

[esco9903]

what did you do yourself to get out of your timeshare?

 

[vacationtime1]

Anyone dealt with the Newton Group to get out of their timeshare?

Please do a search of "exit companies" or similar on this website. We are asked this question multiple times.

Anyone who asks for money upfront (other than an advertising fee of <$100) is a fraud.

 

[DeniseM]

There are no legitimate exit companies.

 

[jp10558]

There are 3 ways out of a Timeshare. Here's the order I think you should try to get out of it.

1) List on the free timeshares board here at TUG. Follow the template. Offer to give it away. You might also list for free elsewhere. Depending on what you own, you might need to pay the transfer and closing fees, or the "buyer" might agree to pay those. Sometimes you have to offer a sweetener like the next years MFs paid or cash on the giveaway.

2) See if there is a deedback program. Some systems and resorts offer these. I put this second as it's nice to not give something back to the companies to turn around and rip someone else off at retail prices, but is a legitimate way to do so. The systems that offer this will sometimes charge you a fee up to 2x the MFs.

3) Stop paying MFs and default. Sometimes it helps to contact the company and ask if they'd like to take the deed in lieu of eventual foreclosure and collection efforts / costs. Sometimes they will do this, other times they'll wait years and then do it, and some of them insist on spending their money on the foreclosure to get the deed back. During this time they may harass you by phone and mail, in the US you can insist they only contact you by mail by law. This (rarely if we believe reporting) can have a small credit hit.

 

[TUGBrian]

The Dirty Secret Behind Timeshare Exit & Cancellation Companies

Learn how timeshare exit and cancellation companies really operate, the red flags to watch for, and safer owner-to-owner options—backed by 30+ years of TUG experience.

tug2.net

 

[easyrider]

what did you do yourself to get out of your timeshare?

I gave a few away. One was pretty easy and involved paying only the transfer fee and it was a vacation club type membership. The other two involved paying the transfer fee , recording fee and maintenance fees. These were deeded. The membership type is the easiest to transfer except the recent Worldmark transfer which took about 9 months.

Bill

 

[esco9903]

If you did yourself what did you do to get out of the world mark one??