Owning a timeshare can be so expensive that, if you inherit one, you may want to refuse to take it by filing something called a “disclaimer of interest”.

This may be a surprise because typically inheriting something is a good thing. That's not necessarily the case with timeshares because a significant amount of them are basically worthless.

Even if you are bequeathed a timeshare that is totally paid off, you'll still have to pay monthly maintenance fees for as long as you have it. These maintenance fees can be $700-$800 a month or more. At $800 a month, you'll be paying $9,600 a year to use a timeshare for one week a year. Some deal.

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with Bayview and Wells Fargo: 

Wells Fargo

Our Wells Fargo clients were 26 months and $56,544+ past due on their mortgage with a foreclosure sale scheduled, but we helped them get an FHA partial claim loan modification (their second) that lets them keep their home!

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with Caliber, BB&T, Fay Servicing, Mr. Cooper, Ocwen, and SLS:

Caliber

Our Caliber client has a three month trial loan modification plan with $99.86 cheaper monthly payment after falling more than 2 years and $48,731.75 past due on his mortgage!

Do you want to cancel your timeshare? If you're like most people who've purchased a timeshare, then the answer is yes. 85% of all people who buy a timeshare regret their purchase.

It's no wonder. Timeshares are not a good investment, the fees associated with them increase over time, and people often feel that they didn't have all the facts at the time they signed the contract.

Fortunately, there are ways out. If you decide that purchasing a timeshare was a mistake soon after signing the contract, then you may be able to rescind the contract. If you can do that, then you will be out of your timeshare contract and should be refunded any money you spent. Like it never happened.

Step 1: Find out how long your rescission period lasts.

The first thing you'll want to do is to find out how long your rescission period is. It ranges from 3 to 15 days in most states, so you won't have a lot of time to spare even in the best circumstances. Look at your contract to find out how much time you have.

Sometimes you have to give something up to get something else. That's the case for recent clients of our firm who agreed to a consent order that involved them consenting to judgment and withdrawing their contesting answer to the foreclosure complaint in exchange for getting more time before judgment was entered and avoiding a trial.

A little background on foreclosures is required to explain what a consent order is. In judicial foreclosure states like Florida, New Jersey, New York, Pennsylvania, and Illinois, a lender must sue a homeowner in a civil lawsuit in order to foreclose on their home.

If you're served a foreclosure summons and complaint, which starts the lawsuit, you have the right to answer it and deny the bank's claims and raise your own defenses. And you should, if you have any desire to keep your home. It can buy you a lot of time in your home, during which you can work toward a permanent solution.

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with Pacific Union Finance, Cenlar, Carrington, Wells Fargo, Bayview:

Wells Fargo

Our Wells Fargo client had a HAMP loan modification in 2011, but fell 7 months and $6,201.96 past due on her mortgage. We got her get an in-house loan modification with $220.68 cheaper monthly payment!

2017's Atlantic hurricane season was one of the strongest ever, with three Category 4 storms hitting the U.S. (Irma in Florida, Maria in Puerto Rico, and Harvey in Texas) causing billions of dollars in damage and thousands of deaths. Unfortunately, the 2018 Atlantic hurricane season, which runs from June through November, is expected to be above average in terms of number and intensity of storms.

As of this writing, two people have already died in flooding caused by tropical storm Alberto.

For 2018, forecasters are predicting 14-18 named storms, 7 hurricanes, and 3 hurricanes of category 3 or higher. So, it's a good idea to take all necessary precautions to protect you and your family's well-being and property from the effects of any storms that might come your way.

The National Hurricane Center says that there are two keys to weather safety:

1. Prepare for the risks.
   
2. Act on those preparations when alerted by emergency officials.
   

You can visit the National Hurricane Center's website to read all of their tips on safety during the hurricane season, but here are some of things to take into consideration as you prepare for potential storms.

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with Home Bridge Financial Services and SPS:

Home Bridge Financial Services

Loan modification success! Our Home Bridge Financial Services clients in New York were one year and $29,031.13 past due on their mortgage and at risk of foreclosure, but we helped them get a final FHA loan modification with a fresh start.

Disclaimer: These results should not be taken as a guarantee, as each case is unique. We have helped over 7,000 homeowners. Here are some of their stories.

Every week we obtain loan modifications for our clients with a variety of loan servicers. You can see these results as they are announced on Twitter (#loanmodwow) or Facebook. Here are some of our results from this week with PennyMac, Loan Care, Carrington:

PennyMac

Our PennyMac client was 20 months and $16,424 past due on her mortgage, which had been modified in 2015. We helped her get a permanent FHA-HAMP loan modification with lower interest rate and a fresh start!

Have you fallen out of love with your timeshare? Are the maintenance fees too high and ever-increasing? Do you think it was a mistake to purchase your timeshare in the first place?

If you answered yes to those questions, you may want to sell your timeshare. You're definitely not alone in wanting to do that. According to some data, the vast majority of people who've purchased a timeshare regret doing so.

So, how do you go about selling your timeshare? Here are some tips to get you started:

1. Contact the resort developer, management company, or owner's association.

You are probably not the first person at your resort to decide that buying a timeshare was a mistake. Management at the resort likely will have dealt with quite a few people in your situation before. They may have a resale program, or a website or an email newsletter for people like you to list their timeshares for sale. They should be able to give you some useful information.