DIY Timeshare Cancellation - Wesley Financial Group, LLC. If you would like to attempt to cancel your timeshare yourself, you have a couple options. Your first option is to contact the timeshare company yourself and see if you qualify for their “deed back” program. To see if the timeshare company you bought from has a deed back program, check your original contract for a “deed back” clause. A deed back program is designed for you to give your deed back to the timeshare company for a fee.
If your contract has a deed back clause, you can relinquish all ownership rights to the resort if you meet the conditions. Most resorts won’t accept a deed back if you’re behind in your maintenance payments or have a mortgage on the property. Because you’re essentially giving the property back, no money changes hands. But can you really trust the timeshare company? Obviously, these companies have a strong financial interest in keeping you as a fee paying owner. Canceling your timeshare is a lot like that.