How to Get Out of WorldMark Midway Timeshare

Introduction

Owning a WorldMark Midway timeshare can seem like a great investment in vacationing at first. The resort, located in the picturesque Heber Valley, Utah, offers breathtaking views, luxurious accommodations, and access to world-class skiing, hiking, and relaxation. However, as financial situations change or vacation needs evolve, some owners find themselves looking for a way out of their timeshare commitments.

Getting out of a WorldMark Midway timeshare is possible, but the process can be complex. This guide will help you understand your options, from legally canceling within the rescission period to selling, transferring, or using professional exit services.

Understanding Your Timeshare Contract

The first step in exiting a WorldMark Midway timeshare is understanding your contract. Key details to review include:

• The rescission period (a legally allowed timeframe to cancel after purchase)
• Clauses related to resale or transfer
• Financial obligations (maintenance fees, mortgage, or other dues)

If you’re still within the rescission period, cancellation is straightforward. However, if that period has expired, alternative methods must be explored.

Option 1: Canceling During the Rescission Period

What is the Rescission Period?

The rescission period is a window of time, usually ranging from 3 to 10 days (depending on state law), during which new timeshare owners can cancel their contract without penalty.

Steps to Cancel Within the Rescission Period

1. Review the Contract – Locate details about the rescission period and cancellation instructions.
2. Draft a Cancellation Letter – Include your full name, contract number, purchase date, and a clear request to cancel the agreement.
3. Submit the Letter on Time – Send it via certified mail to ensure proof of delivery.
4. Confirm with WorldMark Midway – Call or email customer service to verify the cancellation has been processed.

If you act within this timeframe, you should receive a full refund of any payments made.

Option 2: Contacting WorldMark’s Exit Program

If the rescission period has passed, one option is to contact WorldMark directly. Some timeshare companies, including WorldMark, offer official exit programs where owners can surrender their ownership under specific conditions.

How to Use WorldMark’s Exit Program

• Call WorldMark’s customer service and inquire about their timeshare exit solutions.
• Provide details about your ownership and financial situation.
• Follow their specific process for a deed-back or surrender option.

This option works best for owners who have fully paid off their timeshare and are in good standing with maintenance fees.

Option 3: Selling Your WorldMark Midway Timeshare

Can You Sell a WorldMark Timeshare?

Unlike traditional real estate, timeshares typically depreciate in value, making resale difficult. However, selling is still a possibility through online platforms such as:

• RedWeek
• Timeshare Users Group (TUG)
• eBay
• Craigslist

Steps to Sell Your Timeshare

1. Determine Market Value – Research what similar WorldMark Midway timeshares are selling for.
2. List Your Timeshare on Resale Platforms – Use trusted sites that specialize in timeshare resales.
3. Negotiate with Buyers – Be prepared to sell for less than the original purchase price.
4. Transfer Ownership Legally – Ensure all legal documents are processed correctly to transfer the timeshare.

Option 4: Renting Out Your Timeshare

If you are not ready to sell but want to minimize costs, renting out your WorldMark Midway timeshare can be a viable solution. Many timeshare owners rent out their vacation weeks to cover maintenance fees.

How to Rent Out Your Timeshare

• Use reputable rental platforms such as RedWeek or Airbnb.
• Set a competitive price based on demand and seasonality.
• Confirm rental rules with WorldMark before listing.

This option allows you to retain ownership while offsetting expenses.

Option 5: Transferring Your Timeshare

Another way to get out of a WorldMark Midway timeshare is by transferring ownership to someone else.

Methods for Transferring Ownership

• Gifting to a Friend or Family Member – If someone in your circle is interested, transferring ownership is a straightforward process.
• Timeshare Transfer Companies – Some companies specialize in handling timeshare ownership transfers for a fee.

Ensure that the transfer is legally documented to avoid future liability.

Option 6: Hiring a Timeshare Exit Company

If selling or transferring on your own seems too complicated, a professional timeshare exit company might be an option. These companies specialize in legally assisting timeshare owners in getting out of their contracts.

How to Choose a Reputable Exit Company

• Research thoroughly – Check reviews on the Better Business Bureau (BBB) and Trustpilot.
• Avoid upfront fees – Legitimate companies do not charge large fees before service is completed.
• Get everything in writing – Ensure there is a clear contract stating the services offered.

Beware of Timeshare Exit Scams

Unfortunately, the timeshare exit industry has its fair share of scams. To protect yourself:

• Do not trust companies that guarantee immediate cancellation without reviewing your contract.
• Avoid services that ask for large upfront payments before delivering results.
• Be cautious of aggressive sales tactics and high-pressure pitches.

Alternative Solutions

If you cannot sell or cancel your timeshare, consider:

• Exchanging it – Some timeshare companies offer exchange programs where you can swap your vacation destination.
• Donating it – Some charities accept fully paid-off timeshares as donations.

Conclusion

Getting out of a WorldMark Midway timeshare requires patience and the right strategy. If you’re within the rescission period, act quickly to cancel without penalties. If not, consider selling, renting, transferring, or exploring WorldMark’s official exit options. Always be cautious of scams, and if you need professional assistance, choose a reputable timeshare exit company.

By carefully weighing your options, you can successfully exit your WorldMark Midway timeshare and free yourself from unwanted financial obligations.