How to Get Out of a Palace Resorts Timeshare

There are several ways you can break free from a Palace Resorts timeshare, each with its own costs, timelines, and pitfalls. You might choose to:

Cancel during the legal rescission window if you bought within the last few days
Put it up for resale on reputable owner-to-owner marketplaces
Rent out your week to offset dues while you weigh long-term options
Transfer or gift the contract to someone willing to assume the fees
Negotiate a surrender directly with Palace Resorts (though upselling is common)
Hire a vetted timeshare exit firm or attorney that uses escrow and has zero up-front fees

In the guide below, we’ll walk through every option step-by-step, highlight hidden costs, and flag the red-alert scams that prey on frustrated owners so you can choose the safest exit path with confidence.

If you’re looking to cancel a Palace Resorts timeshare in 2025, here’s what you need to know.

Ways to Cancel a Palace Resorts Timeshare

Method	Cost	Risk Level	Timeline	Works for Paid-Off?	Expert Help Needed
Rescission (cooling-off)	Free	Low	1–4 weeks	Yes	No
Sell it	Low–High	Medium	Months–Years	Yes	Often
Give it away	Free–$	High	1–6 months	Yes	Yes (legal review)
Work with Palace Resorts directly	Free–$	High	3–12 months	Yes	Usually
Hire an exit company/law firm	$$$	Low	3–18 months	Yes	Yes (vetted only)

Use the Rescission Period

Who Qualifies: If you signed your contract within the last few days, you may still be in the “cooling-off” window that lets you cancel for free. Under Mexican consumer law, Palace buyers have five business days to rescind after signing. U.S. buyers who signed on U.S. soil follow state rules, usually 3 to 15 days.

Rescission Deadlines by Popular Owner States

State	Days to Cancel	Statute Reference
Florida	10 days	Fla. Stat. §721.10
Texas	5 days	Tex. Prop. Code §221.041
California	7 days	Cal. Bus. & Prof. §11238
New York	7 days	N.Y. Gen. Bus. §352-e
Arizona	7 days	Ariz. Rev. Stat. §32-2197.03

Step-by-Step Palace Resorts Rescission

Write a clear letter stating you are cancelling under your statutory right.
Include contract number, signing date, and unit type.
Send by traceable mail to the address in your contract, keep proof.
Notify your credit-card bank of the rescission to block any automatic charges.
Save copies of every page and mailing receipt.

Still within rescission? Act now, you may be able to cancel for free.

Sell Your Palace Resort Timeshare

Check True Market Value: Search completed sales on RedWeek or TUG rather than “for-sale” ads. Many Palace weeks list for $4,000 to $950,000, but real sales close far lower.

Why eBay and RedWeek Often Fail: Most buyers see the extra all-inclusive fee, about $2,478 per week for two adults, and back out. Expect long wait times and price drops.

Transfer Fees You Must Pay: Palace Resorts charges an internal transfer fee that can top $1,500 plus closing costs. Factor this into your asking price.

Warning: Resale Scams: Fraudsters promise a quick buyer and request an advance “marketing” payment. The FTC has shut down many such operations.

When Selling Makes Sense: Paid-off, low annual fee contracts might fetch enough to break even, if you have patience.

Get a free valuation before listing to avoid wasting time.

Rent Your Palace Resort Timeshare

If you need fast relief from annual dues, renting out a week can offset costs. Palace lets owners place guests on their reservation, but you must:

Check the guest-certificate fee (often $300–$500).
Collect payment ahead of time through a secure channel.
Provide written confirmation to renters.

Renting is only a Band-Aid. You still owe dues and risk renter complaints if Palace overbooks.

Give It Away (The Hidden Risks)

Gifting looks simple, but few people want ongoing fees tied to a foreign resort. Florida statute Chapter 721 makes the giver liable if the deed transfer fails. If the new owner stops paying, your credit can still suffer. Only consider this route for a trusted family member who fully understands the costs. Seek an attorney for deed prep and recording.

Work Directly With Palace Resorts

Legacy-Style Exit Offers: Palace touts “Member Services” programs that promise upgrades or surrender paths. Yet insiders report more upselling than help. BBB records show Palace’s parent company is not accredited and has hundreds of complaints.

Steps If You Try This Route

Write, don’t call. Put every request in an email or certified mail.
Decline upgrades. They lock you into fresh debt.
Set a response deadline (e.g., 30 days).

The moment you speak with Palace, they can lock you into “upgrades,” restart fees, or add fine-print that blocks outside help. Protect your wallet and keep every option open: talk to a vetted, escrow-backed timeshare-exit company first and let pros secure your release.

Hire a Timeshare Exit Company or Law Company

When resale fails or you’re behind on payments, professional help can be the safest path. Choose only companies that:

Use escrow so you pay no up-front fees.
Provide a written timeline and performance guarantee.
Have a solid BBB record and clear, plain contracts.

MyTimeshareExitReviews helps you connect with vetted timeshare exit companies that offer escrow, so you have no up-front fees.

Contact us so we can connect you with a verified exit company.

Avoid Timeshare Exit & Resale Scams

Fake escrow sites mimicking real banks.
“Guaranteed” buyers who never materialize.
Calls spoofing Palace’s caller ID demanding “transfer fees.”

The FTC warns against any service that demands money before delivering results. If you have already paid a scammer, file a dispute with your card issuer and report to the FTC.

How Much Does It Cost to Cancel a Palace Resorts Timeshare?

Method	Typical Cost	Notes
Rescission (new purchase)	Postage only	Act within 3–15 days
DIY Sale	$0–$1,500	Transfer & closing fees
Professional Exit	$4,000–$9,000 average	Escrow protects you
Attorney Route	$5,000–$15,000	Needed for complex debt

Fees rise with multiple contracts, loan balances, or foreign deeds.

Frequently Asked Questions

Can I cancel if I’m behind on payments?

Falling behind doesn’t slam the door shut. You can still end the contract, but overdue fees and interest must be settled or rolled into the deal. An exit firm that keeps your money in escrow can usually negotiate a clean release without upfront risk.

What if I inherited the timeshare?

Inheriting a timeshare isn’t a life sentence. Before you accept, most states let you disclaim the interest, sparing you any bills. If the title is already in your name, a reputable exit company or attorney can arrange a deed-back, ending fees for good.

Can I just stop paying?

Refusing to pay feels tempting, but it rarely works out. The resort will add penalties, damage your credit, and send collectors after you. Some even sue. Talking with an exit specialist first gives you a chance to quit safely without wrecking your finances.

Can Palace Resorts sue me if I stop paying?

Yes, they can and sometimes do. If bills pile up, the Palace may assign the debt to lawyers who file in your local court and seek a judgment. Settlements are common, yet legal costs, interest, and credit harm usually make waiting too long an expensive gamble.

Should I hire a lawyer instead of an exit company?

If you owe a loan or face foreclosure, a lawyer’s courtroom authority is worth the extra cost. For paid-off contracts, a well-reviewed exit company that uses escrow usually works faster and cheaper because they only get paid when your surrender is complete.

Final Thoughts

New buyer? Use the rescission window today.
Paid-off owner? Try resale first, then a low-fee exit company.
Owe a loan? Professional legal help is usually the safest route.

Need help deciding your next move? Contact us for a free timeshare exit plan tailored to your Palace Resorts contract. With escrow-protected partners, you never risk up-front fees, and you finally regain your peace of mind.

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