Timeshare Exit Team
Timeshare Exit Team is a timeshare cancellation company that, according to some of the leading resort developers in the industry, uses questionable tactics with high costs to get people out of timeshares. They mostly target people who are too desperate to sell a timeshare by owner, use a timeshare broker, or use a service like BuyaTimeshare.com.
It is based out of Lynwood, Washington and has several locations throughout the United States. The company also goes by the name Reed Hein & Associates, but mainly operates by the name of Timeshare Exit Team.
Timeshare Exit Team Lawsuits
In a landmark case that is sure to significantly impact the timeshare exit industry, Timeshare Exit Team was fined $2.6million by the Washington State Attorney General's office for "deceptive timeshare exit practices", with the possibility of that amount increasing to $22million if the company violates the terms of its agreement with the state. Details of the decision can be seen by clicking here, with Washington Attorney General Bob Ferguson quoted as saying:
“Their dishonesty and reckless behavior had grave financial consequences for its customers"
Washington Attorney General Bob Ferguson
In addition, Timeshare Exit Team is currently being sued by Welk Resort Group for allegedly “operating a nationwide racketeering scheme to induce vacation owners to disrupt Welk’s contractual relationships with its vacation owners, causing breach of contracts, delinquencies and defaults that damaged Welk, the vacation owner association and vacation owners” according to BusinessWire.
According to the suit, Timeshare Exit Team allegedly told Welk timeshare owners to stop paying their timeshare maintenance fees. This advice was given with a false guarantee that the timeshare owner’s credit score would not be detrimentally affected by the non-payment. Advising timeshare owners to stop paying their maintenance fees is a tactic that BuyaTimeshare.com has written about more extensively on its timeshare exit scam page here. The lawsuit against Timeshare Exit Team was filed in July 2017 and the outcome is still pending.
Timeshare Exit Team Cost
According to the suit filed by Welk, Timeshare Exit Team charged fees of $5,000 and more for their services, in excess of timeshare closing costs. Many reviews on BBB and Yelp claim that Timeshare Exit Team asked for more fees above $1,000 after the cancellation process had already started, but these statements can’t be verified.
Timeshare Exit Team has also publicly stated on latimes.com that their average cost is about $4,000 paid up-front.
Timeshare Exit Team Reviews
You may have seen or heard TV and radio personalities such as Dave Ramsey and Steve Harvey endorsing Timeshare Exit Team on their shows. Whether or not Timeshare Exit Team pays for Dave Ramsey and Steve Harvey to endorse them is unclear, but it’s unlikely that either host would endorse a private company out of the kindness of their heart.
Timeshare Exit Team’s Marketing Budget
Timeshare Exit Team undoubtedly has a large marketing budget that allows it to advertise heavily on the radio and television. A large marketing budget can, in some cases, lead to a higher priced product. For example, timeshare resorts are often given large marketing budgets to lure in potential customers for a timeshare tour. These high marketing costs are then passed down to the consumer when a timeshare is eventually sold in the overall timeshare costs. Like a timeshare resort, Timeshare Exit Team’s large marketing budget could be a contributing factor to its high $4,000+ price tag, but we are only speculating.
Is Timeshare Exit Team a Law Firm?
Timeshare Exit Team clearly states on its website that it is not a law firm. This means the company is simply a group of people claiming they can help you get out of your timeshare for $4,000 or more. This is an exorbitant amount to pay for something you could do for less by selling the timeshare yourself or with the help of us here at BuyaTimeshare.com. In the end, no one has more power to exit a timeshare than the owner of the timeshare themselves.
Advertise Your Timeshare For Sale on BuyaTimeshare.com
Why pay an exit company like Timeshare Exit Team to do something you could do yourself when you could sell your timeshare for cash on the resale marketplace of BuyaTimeshare.com. BuyaTimeshare.com is one of the world’s largest marketplaces for timeshare resales and receives over one million website visitors per year. Many of these website visitors are looking to buy or rent a timeshare on the secondary market from an existing owner just like you. Just give us a call at 1-800-640-6886 or fill out the contact form on this page to learn more about advertising your timeshare for sale to one of the many interested parties searching to buy one on our website.