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Jason Clemons of Free From Occasion Fees LLC discusses how to get out of a timeshare if you owe money on it. He mentions being in Madison, Wisconsin and his background in engineering from the University of Wisconsin. If you have a timeshare ownership deed and owe money, you are in a different situation than those whose mortgages are paid off. The key point is that you need to have a deed to your timeshare in order to potentially be able to get out of it.