How to Cancel a Timeshare
Timeshares are a popular vacation investment, but they can be problematic for some owners. Often, they are sold through misleading or fraudulent tactics that can cause a lot of stress. When that happens, it can be difficult to get out of the contract. However, there are ways to cancel a timeshare. Here are some tips to help you do so.
The first thing to do when trying to cancel a timeshare is to check your contract for details about how much time you have to rescind it. Most states have a specific amount of time you can use to back out of your purchase, so make sure you know what that number is before you sign anything. Then, if you are still within the rescission period, write a letter that says that you want to rescind your contract. The details of how to do this vary by state, so look for instructions on your paperwork. For instance, some states require that you deliver the letter in person while others only accept certified mail.
Another important step is to find out whether your timeshare company charges an upfront fee. If they do, that’s a red flag that they are likely not legitimate. You can also do some research to see what other customers have said about the company. Many sites will also give you a chance to schedule a free consultation with a specialist in the area.
During the consultation, a professional will go over your situation and see if you qualify for their services. They will then provide you with a detailed plan of action to terminate your timeshare contract. They will also evaluate your needs to determine if any additional services are required, such as working with a title company or attorney.
If you are still in the rescission period, it is important to do everything as quickly as possible. The time to cancel a timeshare is limited, so you need to act fast. To do that, you need to be very clear in your letter about what you are asking for. Make sure that you include a reason for your request and any other details that are required by your particular contract.
In addition, you should also read your contract to understand what the rescission process looks like. Some states have a different set of rules about how long you can rescind your timeshare purchase, so be sure to look at the laws in your state carefully before making any decisions.
Sadly, the resale market for timeshares is notorious for its predatory practices and phony scams. In fact, some companies have been caught stealing money from unsuspecting owners. Recognizing this need, Howard founded Cancel Timeshare to assist those in need of trustworthy service. His team helps people get out of their timeshare contracts while avoiding costly litigation and other legal complications. To offer a personalized experience, they use smart tools such as People Insights from Baremetrics to learn more about each of their clients and create custom quotes.
