Cancelling a timeshare can be a daunting task. Even if you are aware of your rights, you may not know how to proceed. It is important to research your options before you make any decisions, as there are several variables to consider.
The first thing you should do is understand the basics of timeshare cancellation. Timeshare cancellation laws vary from state to state, so be sure to check the legal guidelines in your home state before making a decision. Some states allow you to cancel a timeshare within a week, while others offer a much longer rescission period. As a result, you may be unable to get the desired results.
If you decide to cancel a timeshare, you will need to find a reputable company. These companies have extensive knowledge of the industry and will work to ensure your contract is cancelled. They are usually more than willing to provide guidance on the process. Depending on your situation, you may also need to contact title companies and attorneys to obtain the documents and paperwork you will need.
Although a letter is a popular way to request a timeshare cancellation, it isn’t always the best method of action. Your best bet is to seek out a service like Cancel By Owner, which can help you with your timeshare exit. This company specializes in assisting victims of timeshare fraud and misrepresentation.
To find a reliable timeshare cancellation service, start with a free consultation. An expert will be able to give you information on the best methods for your situation, as well as recommend additional steps you can take to get the job done. You may need to hire an attorney, have your title company check your records, and more. However, you will be able to save yourself the hassle of doing all of these things yourself.
Another thing you should do is write a well-crafted rescission letter. When you write your letter, you should include the most important information. For instance, you should mention why you are filing for a rescission. In addition, you should include the smallest amount of text possible. Depending on the size of the letter, you might need to send it via certified mail.
You should also include the rescission period in your correspondence. Most states have a three to seven day rescission period. However, you should be careful, as some developers will not accept a letter that does not explicitly state that you plan to rescind your timeshare.
Once you have written your rescission letter, you should deliver it to the right place. A timeshare cancellation service will typically courier the document to the timeshare management company. Make sure you do so before the deadline expires.
One final thing to note is that you should try to avoid getting emotional. You don’t want to be tempted to do something that will harm your chances of success. Often, timeshare companies will try to entice you with promises of a hassle-free experience.