The timeshare industry is huge in the United States, with more than 9.5 million timeshare owners. For each timeshare property, the average annual maintenance fee is $970. For many families and individuals, a timeshare is a financial burden.
Understanding this hardship, the Timeshare Exit Team was founded in 2012 to help people exit their unwanted timeshares. Timeshare Exit Team helps owners in finding legal and safe ways to end their timeshare situation when it no longer fits their lifestyle.
Keep reading for pros and cons or skip to Timeshare Exit Team reviews from consumers like you.
Timeshare owners looking to end an unwanted timeshare contract may want to set up a free consultation with this business. Prospective clients can meet with a company consultant face-to-face or through an online consultation. Both options allow consumers to speak with a consultant and address any questions or concerns.
Timeshare Exit Team knows that ending your timeshare ownership isn't always an easy process, but the company aims to make the process a bit more straightforward. Here's what it's like to work with this company to cancel a timeshare contract:
Something unique to Timeshare Exit Team that few other exit companies have is celebrity endorsements. However, Timeshare Exit Team proudly boasts that it has earned the trust of some of the most reputable names in television, radio, and consumer advocacy, including the following individuals:
While consumers should not choose a timeshare exit company solely based on a celebrity endorsement, it is a good sign that the company has so many endorsements as it helps build the company's authenticity and lowers the risk of scams.
Although this exit company offers a 100 percent money-back guarantee, it would be wise for consumers to read the fine print as there are a few stipulations. The company website states, "Timeshare Exit Team by ReedHein & Associates guarantees our service — we will find a way to get you out of your timeshare or we will give you a complete refund. We stand behind our 100 percent money-back guarantee."
However, upon further reading consumers may notice that the fine print explains that the guarantee is void and unenforceable if the owner:
Most timeshare exit companies require a personalized consultation before a service fee can be quoted. Timeshare Exit Team is no different.
If buying a timeshare has proven to be a luxury that you or your family can no longer afford, you need to know what it will cost to remedy the situation. Prospective clients should contact for a free consultation to learn about the cost of their specific cancellation, based on their specific contract, resort, and situation.
Timeshare Exit Team has been involved in recent lawsuits, including a suit brought by Holiday Inn Club Vacations, in which the judge ruled that "a reasonable jury could find (that some of Timeshare Exit Team’s statements) were literally false – or literally true but misleading." Holiday Inn's vacation ownership program already offers its own no-fee exit planning solutions through its Horizons program. The settlement prohibits Timeshare Exit Team from soliciting or taking money from any additional Holiday Inn Club Vacation owners.
Timeshare developer Diamond Resorts has also filed a lawsuit against Timeshare Exit Team for making false claims about getting clients out of contracts.
Timeshare Exit Team helps consumers cancel unwanted timeshare contracts. It does not buy, sell, or recover money previously paid toward a timeshare obligation. A money-back guarantee policy is offered, but consumers should fully understand the policy's restrictions and refund limitations before signing.
Timeshare Exit Team appears to be a legitimate company and is even endorsed by several celebrities and financial experts. Despite this, recent timeshare company lawsuits bring into question whether this cancellation company is a good fit for everyone. If you're looking to get out of your timeshare contract, we recommend researching all of your timeshare exit options.
Have you worked with the Timeshare Exit Team to cancel your timeshare? Let us know about your experience with a quick review below.
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