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ask-redweek-get-rid-of-my-timeshare (by Lance C.):

Anyone have anything with Silverlake resort in Florida? We have a contract but want out!

What do you mean by you want out of the contract? If you own a deeded week, you own property, not a contract. Nonetheless, if you no longer wish to be an owner with all its responsibilities, then you have to find another owner for your deeded week. Here are some options although they might not be to your liking.

Try asking the resort's Homeowners' Association if it will take your unit back. It might ask you to pay closing costs and maybe even the next maintenance fee but that will be a small price to pay compared to other options. Perhaps say firmly that you are not going to pay another penny in maintenance fees so it would be in everyone's best interests for the HOA to take back the unit amicably.

Try advertising it for sale/giveaway here on RedWeek. You can also try E-Bay, My Resort Network, Craigslist, or Timeshare Users Group (aka "TUG"; tugbbs.com). TUG has a Bargain Deals section that allows you to advertise for free that you want to give your unit away.

The other option is to just stop paying maintenance fees and the resort will eventually foreclose on you. The downside is that you will face a barrage of collection calls and letters and probably a hit/ding on your credit rating or credit score.

But most importantly, do not use the services of many of these companies or law firms that have words in their names such as exit, cancel, relief, freedom, etc. These are usually scams.