Is there a legal way out of a timeshare contract?

My husband and I simply can not afford our timeshare anymore, and we owe more than it will sell for, so selling it will not help much b/c we will still owe a monthly payment to them for the difference. Is there anyway to get rid of this thing?!

Change everything you gave them for financials ..... and walk away. I assume your contract is not with an American company

They will eventually take it over and sell it again

And don't buy another !!!!!!!!!!!!!!!

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The best advice is NEVER buying a timeshare anywhere. It is a scam and the so-called timeshare you buy is sold over and over again to other people. It is very difficult to sell your timeshare now and renting isn't in the deal. It will cost you more to buy a timeshare and maintenance fee than to rent a hotel room or a full ownership of a condo. Don't do it. There is good information about timeshare scams: http://www.timesharescam.com/blog/68-timeshare-scams-mexico-vs-us-why-are-there-more-situations-of-fraud-in-mexico/