By their own admission, Centerstone has forged partnerships with timeshare transfer companies. In other words, Centerstone may earn a referral fee for sending their clients to a certain transfer company. If you want to read about one more timeshare exit company, please see our review of Wesley Financial.
“When initiating a timeshare exit transfer, the transferee is technically taking over your timeshare obligations, and often we (you’ll) need to pay the receiving party to take the timeshare off your hands.” – Cornerstone Group
Note: this option is only available to owners who have paid off their mortgage in full and have no outstanding maintenance fees. This scenario is rare for owners looking to get out of their timeshare contract.
This poorly titled option suggests that Centerstone does not have strong, positive connections with developers and must pressure them to accept the terms of their clients’ cancellation requests. Though writing well-worded letters are standard with all timeshares exit companies, the top-rated ones have forged relationships with developers. Centerstone further claims to write social media/review site campaigns and regulatory complaints online. It’s unclear on its website how this would help you personally.
This is the most expensive option. For the attorney to cancel your timeshare contract, deceit must have played a role somewhere during the buying process. In other words, if you’ve been misled in any way by a timeshare salesperson, you’ll most likely have a case. Remember, timeshare is not real estate; most law firms do not specifically practice timeshare exit law for each state. Be sure to check out the law firm’s track record of successful timeshare termination.
Do-it-yourself Exit Options
- Can I transfer my timeshare deed myself?
Yes. Is it a hassle? Also, yes. But if you’re determined to save money and don’t mind putting in the time and research, this option may be worth a second look.
- Should I hire my own attorney to cancel my contract instead?
Most attorneys are not versed in timeshare exiting. Unless the firm has solid, long-term relationships with the developers, it’s better to hire an exit company that uses specific law firms well-versed in exiting laws.
- Will an exit company tell me how to cancel my timeshare on my own?
Sometimes. There are exit companies that have do-it-yourself exit packets if you want to give it a try. Know that these packets are full of sage advice in timeshare exiting so it will cost you. Some exit companies charge as much as $3,000 for a packet. That is still less than hiring the company to do it for you, but you will spend valuable time doing what needs to be done and in the end, there is no guarantee of success.
The Pros and Cons of Centerstone Group
- Although there are very few reviews on Google, the majority seem to be positive.
- They offer access to tax attorneys who will fight to make sure your timeshare company does not saddle you with an unfair tax bill associated with your release. However, we do not know the extra cost of this service.
- Centerstone Group can’t work with most timeshare owners outside of the United States.
- They won’t work with low maintenance fee timeshares.