Frequently Asked Questions
A Timeshare contract is a legal agreement that allows individuals to purchase the right to use a vacation property for a specific period each year. This contract outlines the terms, conditions, and obligations of ownership.
Timeshare contracts typically divide ownership of a vacation property into segments, often based on time intervals like weeks or points. Owners purchase a specific timeshare interest, granting them access to the property during their designated period.
Timeshare contracts come in various forms: fixed-week, floating-week, points-based, and right-to-use agreements. Each type has its own set of rules and benefits.
Timeshare contracts outline terms such as the duration of ownership, maintenance fees, usage rights, and responsibilities of the owner, such as keeping the property in good condition.
Yes, Timeshare contracts are legally binding agreements. Once signed, owners must adhere to the terms and responsibilities outlined in the contract.
Exiting a Timeshare contract can be challenging. It often requires a legal process and may involve selling, transferring, or canceling the contract, depending on the terms and conditions set by the Timeshare company.
Timeshare contracts can pose financial risks, such as ongoing maintenance fees and difficulty selling or renting the Timeshare. It’s essential to thoroughly review and understand the terms before signing.
To begin your journey to financial freedom, the first step is a no-obligation, free consultation. Contact us today to speak with a specialist who will assist you in gathering the necessary documentation and schedule your free consultation with one of our skilled analysts.
Results typically vary, but you can expect to achieve freedom from your Timeshare within 6-24 months. Factors that might affect the timeline include the responsiveness of your Timeshare company, the number of contracts you have, the mortgage status, and more.
Your Timeshare transfer is handled by our legal experts as well as our real estate title and escrow partner who are well-versed in Timeshare transfer processes, ensuring a smooth and stress-free exit.
The initial consultation is free at no cost and your initial engagement is $499-$999 based on the details of your case and number of Timeshare you own. Once your Exit Strategy has been determined by your eligibility assessment there can be additional costs based on Developer requirements
Yes, Exit Protect provides a variety of solutions for all types of financial situations including circumstances where client has a mortgage balance