How To Handle Timeshares in a Divorce

Unfortunately, divorce is a very real possibility for some married couples. Timeshares, like all other shared assets and liabilities, must be addressed in the event of a divorce. Because divorce is a complicated and often emotional process, it is a good idea to consider hiring a divorce lawyer to help you navigate the system. But whether you have a lawyer or not, your options for handling a timeshare in a divorce are the same as any other asset: sell, award, or share it.

  1. Sell: Timeshares can de difficult to sell, but if neither you nor your spouse wants it,... Read the rest of this entry »

How to Get Out of Your Timeshare

One of our users posted this comment in response to our "Timeshare Rescission Period" article:

"And what can you do to rescind the contract or mortgage AFTER that cooling-off period?? In my case, me and my family were on vacation in Orlando, FL and we unfortunately bought a timeshare from westgate resorts.. when we went back to Brazil we started paying the mortgage but due to the bad economic crisis going on in the country we cannot afford it anymore and we need to cancel or rescind the contract, but we signed it on April this year.. PLEASE, DOES ANYBODY... Read the rest of this entry »

Finding a Timeshare Resale Company

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Timeshare Resale CompaniesRecently we received the following message from a distraught timeshare owner trying to get rid of an unwanted timeshare they can no longer pay for:

"I have not been able to find an honest timeshare resale company; have tried for several years. I am considering allowing it to go into default and foreclosure. I do not want it, and cannot afford to keep paying the mortgage.

The resort is unwilling to at least renegotiate the monthly payments, or do anything to help me. I... Read the rest of this entry »