Timeshare Cancellation – How to Get Out of a Timeshare Contract
Timeshare cancellation is an area that can be incredibly tricky to navigate. This is largely because the timeshare industry is very poorly regulated and there are many unscrupulous companies out there that prey upon people who are looking for a way out of their contracts. That being said, there are also some very legitimate companies that help people get out of their contracts, and the best way to find one is to do your research. This includes looking for reviews and making sure that they are licensed and insured. It’s also a good idea to make sure that you work with a company that will provide you with a money back guarantee and that offers clear, written details of their fees and services.
The first step in getting out of a timeshare is to write a letter to the resort. This will require some research as the specific requirements for the letter will vary depending on state law and the terms of your contract with the developer. However, in general, you will need to clearly state that you want to cancel and include the date that you signed the contract. You will also need to send the letter using a method that requires a signature, such as certified mail. This will typically cost around $4 per letter.
This letter may be enough to get your contract canceled, but it will not be easy and it’s certainly not guaranteed. For this reason, it’s important to work with a team of experts who can help you find a way out of your timeshare. You can look for a timeshare cancellation company like EZ Exit Now, which has staff members who are familiar with the ins and outs of timeshare law and how to negotiate with resorts and developers.
Another thing to keep in mind is that even if you do successfully cancel your contract, you will likely still be responsible for paying any outstanding maintenance fees. This is because the resort will not automatically void your contract and they will continue to collect these fees until the timeshare is cancelled in court.
You should always consider a timeshare cancellation a last resort and not a quick fix for financial issues. In fact, if you have credit problems and are not paying your mortgage, it could actually harm your credit to try to cancel a timeshare that you do not currently own.
If you do decide to work with a timeshare cancellation company, be wary of those that charge large upfront fees or that promise a quick solution to your problem. You should also avoid companies that advise you to stop paying your maintenance fees, as this can damage your credit. Instead, you should focus on finding a company that has a history of success and works closely with timeshare attorneys. By following these tips, you can have a much easier time getting out of your timeshare.
