Timeshare cancellation is a difficult decision to make, but with the right guidance you can save yourself a lot of heartache and a great deal of money. Here are some things to look for when choosing a timeshare cancellation company:
Legally binding contract
Before you work with any timeshare exit team, it’s important that you read the contract. The contract should be in writing and include everything that the company will be doing for you. This will help you avoid any unexpected fees or surprises.
You should also know about the Entire Agreement clause, which means that the company can only be liable for what is in the contract. This is a crucial protection, especially when dealing with a timeshare re-sale scam.
State laws and your timeshare contract should give you the right to rescind or cancel your purchase within a short period of time, usually between 3 and 15 days. Be sure to check this with your lawyer before you sign any paperwork.
During your rescission period, you’re required to send a written notice to the resort. This letter must be delivered by hand or by mail using USPS certified mail with a return signature. The letter should include the date of the sale, your name, and your address.
The format of the letter can affect your ability to rescind or cancel, so be sure that the form you use is up to standard and meets all the requirements in your contract. You should also include all the necessary documents and proof of your address so that your letter is accepted by the resort.
Timeshare salesmen are notorious for being deceptive and misleading about their products and services, so be sure to do your research before signing any paperwork. This will help you avoid any unnecessary costs and ensure that you’re getting the most out of your experience with a timeshare cancellation company.
In the worst cases, a fraudulent re-seller can prey on vulnerable owners and even lie to them to earn their trust. These companies may then collect a payment for “selling” the owner’s property, claim that the buyers backed out of the sale and disappear with the money.
A timeshare is a type of vacation property owned by two or more people who share ownership in the same vacation spot, often with expensive amenities. It is a popular way for people to save on their travel expenses, but it can become difficult to escape from a timeshare once it is purchased.
Besides the fact that it can be very expensive to cancel a timeshare, the process can be complicated and confusing. There are many different steps and regulations to follow, so it is important to get the help of a professional to guide you through this process.
The best timeshare exit companies are those that have a track record of helping people escape their timeshares. They should have extensive experience with the industry and be familiar with all the laws and regulations that apply to timeshares.