In a nutshell - you don't have any legal grounds to get out of the contract, unless there was fraud involved, and you are going to sue them.
Most of the Recovery Companies are not reputable and just want to take more of your money. Most of them don't even have attorneys on staff. Most of them provide form letters for you to send to the timeshare to try to get out of your purchase. They aren't going to go to court on your behalf, because you don't have a case.
There is a simple rule of thumb with timeshare business offers:
Never pay an upfront fee - period.
ALL of the scammers charge upfront fees.
Is the timeshare completely paid off?
Please consider giving your timeshare away to a private individual who would like to own it, before you spend a cent with a company like this.
-You can give it away yourself for nearly no cost.
-You can control the transfer process to make sure it is truly transferred out of your name.
-You won't have to deal with companies that may or may not be Legit.
-You can transfer it to a private individual who will be happy to have it for their own use.
-You will have the satisfaction of knowing that you ended your ownership legally and ethically.
There are two places on TUG where you can give away your TS's for free (no charge for the Ads.) There are other cheap and free sites on the internet, as well.
- the only cost is your TUG membership - $15 (List it for $1 and it will automatically go in the Bargain Basement Ads.)
- Totally FREE! - just write a simple post with all the pertinent info. In your post, include the following info.:
To make it more attractive I would:
1) Pay 2011/12 maintenance fees and don't ask for reimbursement.
2) Pay for the title transfer (you can get a simple title transfer with no escrow or title search for about $100.) Many people have used Tugger TTT (Alan) at Time Travel Traders for this service in the past, but he is retired and is referring most business to Lisa Short for this service - 1.706.969.8906 email@example.com
Lisa has been receiving good reviews on TUG.
3) Reserve a popular holiday week in 2012 for the new owner