If you have a timeshare, you may want to cancel it. There are a variety of reasons you may decide to do so. One of the most common is due to a change in your financial situation. For instance, you may find that you can no longer afford to make the payments on your unit.
You can use a cancellation service to help you cancel your timeshare. These services work with timeshare management companies and will take care of the paperwork and courier the documents to the right developer. However, you need to be cautious when choosing a company. Some are scams. Others charge a fee upfront and then disappear. This can keep you on the hook for the rest of the payment.
A lot of people have been taken advantage of in the timeshare re-sell market. The industry is full of bogus schemes and fraud. Many of these scams claim to provide you with a timeshare for a fee, only to take your money and disappear. So how can you avoid a scam?
Timeshares are popular for a number of reasons. Some owners simply wish to vacation more, while others are concerned about the quality of their units. Regardless of the reason, a timeshare can be a major decision. And while there are a number of ways to exit a contract, the process can be stressful and confusing. When deciding how to get out of a timeshare, it is important to do your research.
While you are conducting your research, you should also make sure to understand the right rescission period. The length of this period will vary by state, but in general it will be somewhere between three and seven days. It is possible to extend the rescission period, but you should never do so unless you have the agreement signed in writing.
Another thing to look for is a timeshare that is free of hidden costs. Most timeshares will be sold in increments of one week. This means that if you choose to buy a timeshare that is one week long, you will pay a lower price than if you bought a similar property in a more traditional vacation home.
Another feature you should look for is a rescission letter. A rescission letter is a formal request to release you from the contract. As you write, be certain to include your agreement number and the date of signing. Remember that not all resorts and timeshare providers have a ‘get out of my contract’ clause, and you should read the fine print before you sign.
Finally, if you choose to do your own rescission, remember that the ‘get out of my contract’ clause is not always legal. Some timeshare providers can try to seize your property and take you to court. They may also try to collect on any outstanding maintenance fees.
To conclude, a timeshare cancellation is a complex process that should be handled in a professional manner. Use a service like Cancel Timeshare to assist you with your transition.