How to get rid of a timeshare

FILE – This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) Some timeshare buyers know almost instantly that they’ve made a mistake. Other owners struggle for years with loan payments and ever-escalating annual fees before they’re ready to throw in the towel. Even the happiest timeshare owners may decide they want out of their contracts, perhaps when they are no longer able to travel. Buyers can cancel a timeshare purchase if they do so within the "recission period," which varies by state and ranges from three to 15 days. After that, for most owners there’s no easy way to get rid of a timeshare. That angers Jeff Weir, chief correspondent for RedWeek, a timeshare rental and resale site. "The industry has failed to provide a dignified exit for owners," Weir says. "That leaves an opening for […]