How to Cancel a Timeshare- Be careful, Research, Legal Help
If you own a timeshare, you may wish to cancel it. You can contact the developer of your resort and ask for a cancellation. However, you will want to be careful. The timeshare resale market can be a hotbed of unscrupulous players. These people will prey on unwary owners.
Depending on the state in which you bought your timeshare, you have a certain period of time to cancel it. Typically, this is three to fifteen days. You must also notify the timeshare company in writing. In some states, you will have to pay a surrender fee. This fee may vary from company to company.
You should always check your state’s laws regarding rescission periods. You should consult with a lawyer if you are unsure of what your legal rights are. If you do not comply with the terms of your contract, you could find yourself paying thousands of dollars in fees. It is important to note that timeshare contracts often contain hidden fees that you may not be aware of. The contract should also mention your rescission period.
Most state laws allow you to cancel your contract within a specified period of time. These rescission periods are usually mentioned in the purchase agreement. In some cases, you can cancel your contract right after it is signed. In other cases, you will need to wait until the rescission period ends. This is usually before you plan to take your vacation.
In most states, you can cancel a timeshare if you are at least 60 days out of the date that you signed your contract. If you fail to do so, the resort may initiate foreclosure on your property. This can ruin your credit and make future purchases difficult. You can also try to negotiate with your timeshare developer. Many of these companies have a surrender program that they can use to cancel your timeshare.
A timeshare is a great investment. If you are unable to use your timeshare due to illness or financial hardships, you may decide to sell your membership. The resort will not want you to leave, but it is your right to do so. It is best to get advice from a legal professional as soon as possible.
If you do not have the time or expertise to handle your timeshare cancellation, you can hire an attorney. These attorneys charge thousands of dollars to help you. You will still have to pay the maintenance fees. Alternatively, you can opt for a cancellation service, such as Cancel Timeshare.
Cancel Timeshare has been helping people exit their timeshares for years. It offers two services: Timeshare Mortgage Intervention and Cancel Timeshare Exit. Clients can sign up on the website, send documents, and watch their case progress via the Cancel Timeshare mobile app. The company uses Baremetrics People Insights to help it provide excellent customer support.
Cancel Timeshare is a small company that has been able to help countless users. Cancel Timeshare’s customers have faced a wide range of issues. The company has helped them recover over four million dollars from their timeshares. The company is based in Myrtle Beach, South Carolina.
