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Ellen
Ellen, Lawyer, Consultant
Category: Legal
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Experience:  25 years of experience helping people like you.
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How does one get out of these timeshares contracts which

Customer Question

How does one get out of these "timeshares" contracts which were so popular in the 70's/80's. My elderly parents cannot get rid of these and it is draining them financially. They have been told that they have no recourse and eventually their cost
Submitted: 8 years ago.
Category: Legal
Expert:  Ellen replied 8 years ago.

Hello,


Thank you for your question. I am happy to assist you.


If your parents do not have a loan on the timeshare, they likely are not personally liable for the timeshare fees. In this scenario, they can simply stop paying the fees and let the company eventually foreclose on their interest.


I hope that the information which I provided was helpful to you.


Best wishes for a Happy New Year. If you have additional questions, please do not hesitate to submit them to me directly.


Thank you,
FLAandNYLAWYER


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