This article discusses whether a timeshare cancellation is a non-recourse loan. The answer is yes, a timeshare cancellation is considered a non-recourse loan and is one of the most effective ways for timeshare owners to get rid of their debt. Non-recourse loans have certain features that make them an attractive option for timeshare owners, as they are less risky and do not require repayment unless the timeshare is sold. ...