Timeshare Cancellation – How to Legally Cancel a Timeshare Purchase

Having to cancel a timeshare purchase can be very stressful. However, there are a few things that you can do to avoid the hassle. First, you need to be aware of your rights. In most cases, you are allowed to rescind your purchase within a certain period of time. Depending on the state, the rescission period may be between three and ten days.

To legally cancel your purchase, you will need to send a cancellation letter to the timeshare company. You should also send it in certified mail. This will ensure that the timeshare company receives it and will help you proof that it was received. You should also include a return receipt.

The timeshare company will usually acknowledge receipt of your letter within thirty days. If the company is unresponsive, you may want to hire a lawyer. These attorneys are experts in the law and can help you through the process of cancelling your purchase. They also have years of experience applying consumer protection laws.

You can also find an online financial services platform where you can easily locate a lawyer. These lawyers specialize in timeshare law and are able to explain to you all of the details of your situation. They will also structure a course of action to help you with your timeshare cancellation.

You may have to pay a penalty if you cancel your purchase after the rescission period. However, there are many different programs that are in place to help you get out of your timeshare. You can contact the consumer protection office in your state to learn more.