Timeshare Cancellation – Everything You Need to Know
If you have bought a timeshare, chances are you may want to cancel it. Perhaps you purchased a timeshare that did not meet your budget, or you just changed your mind about vacationing at your resort. However, you may not have thought to look into the possibility of a timeshare cancellation.
Luckily, the process is not hard. A good timeshare cancellation service will offer you a free consultation and help you navigate through the process. They will also provide you with a list of timeshare cancellation forms to download. They will then put you in touch with a trusted team of experts who will work to get your timeshare agreement canceled for you.
Typically, the rescission period is short, but there are cases where the timeshare cancellation will last for several days. This is especially useful if you are going on a long vacation and you are not sure if you’ll be able to return. The rescission period is something that you should take advantage of as soon as possible.
While the rescission period is a good idea, it’s not the best way to get out of a timeshare contract. There are many schemes out there, some of which can result in your ownership being transferred to a bogus shell company that doesn’t pay your maintenance fees. If you’re looking for a safe and effective way to get out of your timeshare, post your intention to sell on a reputable online marketplace.
You may even be able to find a timeshare exit company that will negotiate a buyout or sale of your deed of interest. It’s not uncommon for some timeshare companies to pass debts onto collection agencies, so you’ll want to be prepared. You’ll also need to be on the lookout for schemes that involve the purchase of a timeshare for a lump sum, which can result in a higher price than you bargained for.
You should also remember that not every timeshare is eligible for a rescission period. Some timeshares were sold in countries outside of the US, and there is no federal rescinding law in place in those countries. You should also be aware of the fact that the United States has limited regulation of the timeshare industry.
It’s also worth noting that while the rescission is the most impressive of the timeshare tricks, it’s not always the easiest to implement. Some timeshare companies will try to make the cancellation difficult, and some resorts will even go so far as to tell you that rescinding is impossible.
It’s not unusual for a timeshare provider to threaten legal action in the event that you decide to leave. You may also be forced to pay for outstanding maintenance fees, and you may find that your debt gets passed on to a collection agency.
While the rescission may be the most impressive, the shortest one is the most efficient. Depending on the state, you may be able to rescind your timeshare purchase in as little as a few hours.
