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I want to walk way from my Time share. is that an option…

Customer Question
I want to walk...

I want to walk way from my Time share. is that an option without harming my credit?

Lawyer's Assistant: Have you thoroughly reviewed the contract?

No, I cannot locate it any longer

Lawyer's Assistant: Has any paperwork been filed?

If you mean to abandon the unit, NO

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

That is all I have, but this data: Please see the data below and fill in where you can. Please see he questions in Bold??. We will push forward in some way.Current StatusPrincipal Owed: $16,708Monthly Payments: $437My Points: I do not recall, but think it is 5,000. May I ask if you possible have that on your call record with me??
Fees I owe: $1,420SellingValues:
Resale Average: $18,884
Resale High was : $19,500
Resale Low was: $12,660Costs:Closing Costs: $795
What other costs???
Commission???Payments:
Continue until sold, including fees.CancellationCosts: $3,000Credit Risk??Payments:
Immediately endAre my accrued annual Fees still owed??
Please see the data below and fill in where you can. Please see he questions in Bold??. We will push forward in some way.Current StatusPrincipal Owed: $16,708Monthly Payments: $437My Points: I do not recall, but think it is 5,000. May I ask if you possible have that on your call record with me??
Fees I owe: $1,420SellingValues:
Resale Average: $18,884
Resale High was : $19,500
Resale Low was: $12,660Costs:Closing Costs: $795
What other costs???
Commission???Payments:
Continue until sold, including fees.CancellationCosts: $3,000Credit Risk??Payments:
Immediately endAre my accrued annual Fees still owed??

Submitted: 7 months ago.Category: Real Estate Law
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Answered in 6 minutes by:
9/25/2017
Real Estate Lawyer: Barrister, Lawyer replied 7 months ago
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 41,595
Experience: 17 years real estate, Realtor. Landlord 26 years
Verified

Hello and welcome! My name is ***** ***** I am a licensed attorney and will try my best to help with your situation. There may be a slight delay in my responses as I type out an answer or reply.

.

You may also be offered a phone call, but those don’t come from me and are offered by JustAnswer. If you have requested a phone call with an attorney, your request will post to other experts that do offer this service. When another attorney accepts your request you will get additional instructions.

.

I want to walk way from my Time share. is that an option without harming my credit?
.

Not really as the timeshare is a continuing contract between you and the company and if you breach it, they can report the account as delinquent to the credit agencies and it will ding your credit each month. They can also file suit under a breach of contract claim and sue for any delinquent fees and likely court costs and attorney fees under the timeshare agreement..

.

With that said, there are a couple companies who have a money back guarantee that they can get rid of a timeshare... Sean Hannity recommends Lonestar Transfer and Dave Ramsey backs Timeshare Exit Team..

.

So you might want to contact those companies and see if they could legally get you out of the timeshare without having to default and ding your credit..

.

.

thanks

Barrister

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Barrister, Lawyer replied 7 months ago

Hello again,

.

I just wanted to touch base with you and check in.

.

Did you have any further questions I can help with?

.

.

Thanks much

Barrister

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Barrister
Barrister
Barrister, Lawyer
Category: Real Estate Law
Satisfied Customers: 41,595
41,595 Satisfied Customers
Experience: 17 years real estate, Realtor. Landlord 26 years

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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