Do not hire an "exit company" that has attorneys "on staff." To open an exit company, you need nothing — no professional license, no insurance, not even a business license. They are unregulated, often owned by former timeshare salespeople, and built to take your money.
Sources: FBI Internet Crime Report, Federal Trade Commission, Wisconsin Attorney General Office 2022.
Often the "exit companies" charge exorbitant fees which they keep and pay the attorney $600. If you understand how attorneys work and are paid, no attorney would work for this amount of money other than drafting one letter. So how are you going to get out if the attorney is not properly compensated?
You are not. What is going to happen is you are going to lose any money that you have paid. Almost always these companies are owned by former timeshare managers and salespeople. They are the very people who sold you this and they are not to be trusted.
Our favorite exit company line: "Do not hire the attorney directly — they will be MORE expensive." How people fall for this we cannot understand.
Exit companies are in no position to give you legal advice. Some are felons and operate outside of their parole agreements — they have been convicted of exit scams. They can go out of business or file bankruptcy and keep your funds regardless of a "money back guarantee" which is not worth the paper it is printed on.
Many have gone out of business and filed bankruptcy. Their former "clients" call our office to tell their stories. The money they paid has long been hidden in the form of marketing and other services and they will have little to no recourse to retrieve their funds.
It is not legal for an attorney in any state to guarantee specific performance. That means a "money-back guarantee" is not only empty — it is a scam signal. If you see a money-back guarantee in timeshare exit advertising, you are looking at a scam.
We have a huge file with the criminal records of timeshare salespeople. Some of these people have been convicted of financial crimes. Is this who you want to provide your personal financial information to? You gave it to them once when you bought the timeshare. The "exit companies" are staffed and owned by these same characters.
If any company selling you timeshare exit services does any of these things — hang up and call a real attorney.
WHY would a timeshare company be afraid of or concerned about a letter from an exit company? Some of these timeshare companies are billion-dollar corporations with teams of attorneys. What is an exit company going to do if the timeshare company does not comply?
"There is no recourse if an exit company takes your money and closes down. Attorneys are regulated by the Bar in their state and carry professional insurance."
There is no recourse if an exit company takes your money and closes down. Attorneys are regulated by the Bar in their state and have professional insurance. In the event something should happen to the attorney, the State Bars have protocol to assist their clients.
We have been through this before with "loan modification companies." They also took client money and either went out of business or filed bankruptcy. Just like exit companies are doing right now.
The differences aren't subtle. One is a licensed law firm. The other is a sales operation built to collect your money.
We speak with receipts. So do they — just not the kind they want you to see. Check every link below on your own.
This is not the first time an industry of unregulated companies has stepped in to "help" people with a financial problem — taken their money — and then disappeared.
Loan modification companies followed the exact same script. They took clients' money and either went out of business or filed bankruptcy. Their victims had no recourse. Their money was gone. Sound familiar?
The exit company industry is running the same playbook — and the exit is already beginning. Companies that had thousands of clients are collapsing and filing bankruptcy, leaving their "clients" holding nothing.
The screenshot below documents exit company activity. These are not isolated cases — they are the industry standard.
These clients trusted O'Grady Law Group — and are no longer timeshare owners.
"My case was settled in 6 months and it felt effortless. William O'Grady is a great lawyer and he did exactly what he said he was going to do. I liked that he was willing to review my case at no cost before he took it. A true professional."
"I contacted O'Grady Law Group in regards to a timeshare my husband and I purchased while vacationing in Las Vegas. From the moment I spoke to Len, he made me feel very comfortable and listened to every word. I would definitely recommend them."
"From the first moment I contacted them, Mr. O'Grady and Len took the time to listen to my issues and helped me on a very specific and detailed plan of action. I could not be more pleased with the outcome on my case."
"When I called him he knew everything about my timeshare company, their contract, and the sales process. Once I spoke to him over the phone I instantly felt like there was hope. I hired him to help and I was out in six months."
"I'm an attorney myself, and I was looking for an attorney to assist my sister. Mr. O'Grady was able to get a full refund. He provided very quick responses to all of my emails and phone calls, which is greatly appreciated."
Fill out our form and a representative from our office will contact you. William O'Grady has been representing timeshare owners since before exit companies existed — and he has the results to prove it.
One call with a real attorney costs nothing. And it might save you from losing everything to someone who was never qualified to help you in the first place.
