The only way out is to stop paying them. Don't take their threats seriously. They won't sue you, they can't take your house, they can't do anything but harass you like the liars and bullies that they are.
If your timeshare is paid off you can only win by not paying. Eventually they should offer you a Deed in Lieu. Sign it and give it over to them but don't promise to pay them one more cent nor any maintenance fees due.
If it's not paid off you will have to wait for them to foreclose. You may have to pay something to the IRS, you may take a hit on your credit score for a while but it's worth not paying thousands a year for something that is worthless.
If you don't live in the US just don't pay any more, ignore their empty threats and harassment, they can't do anything to you.
Otherwise there is not other way out, not even death. They will come after your heirs.
These things are scams, they want more money and new fees for transfers or tell you nothing is available, but it actually is if you give them more money. The places are mostly outdated and never look like the model unit you were shown. You will see bad orange and green sofas with a swirly pattern to try to make the stains less noticeable. How many years has it been since you've seen a tube TV for sale at a store, but that's mostly what they have in all the rooms.
The places are mostly outdated and falling apart and when they do need to fox them you will be billed an extra $2000 or so that year for special assessments on top of your maintenance.
Warn everyone you can to never go to a timeshare presentation. They will lie to you, but what matters is what is in the contract that you will not read, not all the empty promises. You will feel like a hostage and in the end most likely give in to just get out of there. Just walk out even if you don't get the crap that they offered you to go in the first place.
What do you own? Nothing. It's less that worthless, you own a debt that you have to keep paying off forever. Yo can't even sell them most of the time for $1 on Ebay. If they had any value the timeshare companies would be happy to take them back once you paid in full, but they don't because they are worthless to them too.
Never pay them another penny is the only way to win and ignore their threats.
If your timeshare is paid off you can only win by not paying. Eventually they should offer you a Deed in Lieu. Sign it and give it over to them but don't promise to pay them one more cent nor any maintenance fees due.
If it's not paid off you will have to wait for them to foreclose. You may have to pay something to the IRS, you may take a hit on your credit score for a while but it's worth not paying thousands a year for something that is worthless.
If you don't live in the US just don't pay any more, ignore their empty threats and harassment, they can't do anything to you.
Otherwise there is not other way out, not even death. They will come after your heirs.
These things are scams, they want more money and new fees for transfers or tell you nothing is available, but it actually is if you give them more money. The places are mostly outdated and never look like the model unit you were shown. You will see bad orange and green sofas with a swirly pattern to try to make the stains less noticeable. How many years has it been since you've seen a tube TV for sale at a store, but that's mostly what they have in all the rooms.
The places are mostly outdated and falling apart and when they do need to fox them you will be billed an extra $2000 or so that year for special assessments on top of your maintenance.
Warn everyone you can to never go to a timeshare presentation. They will lie to you, but what matters is what is in the contract that you will not read, not all the empty promises. You will feel like a hostage and in the end most likely give in to just get out of there. Just walk out even if you don't get the crap that they offered you to go in the first place.
What do you own? Nothing. It's less that worthless, you own a debt that you have to keep paying off forever. Yo can't even sell them most of the time for $1 on Ebay. If they had any value the timeshare companies would be happy to take them back once you paid in full, but they don't because they are worthless to them too.
Never pay them another penny is the only way to win and ignore their threats.
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