Timeshare Cancellation – How to Legally Get Out of a Timeshare Contract
Timeshare cancellation is a necessary step in breaking free of an unmanageable investment. Fortunately, most states have laws that allow consumers to cancel their contracts within a set period of time following the purchase. The details of this rescission policy are usually included in the fine print of the sales contract and can be difficult to locate, but a little bit of research should help you find the specifics of your situation. The rescission period is often short, so it is important to write a letter of revocation and send it via a priority mail service with tracking before the window closes.
Timeshare companies often offer a number of solutions to their owners, including resales and donation options. However, most of these are only viable if you can afford the upfront costs. If you can’t, then your only option is to work with a company that can help you legally cancel your timeshare contract. A quality timeshare cancellation company should be able to negotiate directly with the timeshare company on your behalf. They should also be able to provide you with a written guarantee and escrow services, and they should have attorneys on retainer.
Cancel Timeshare was established to help consumers get out of their timeshare contracts, and they’ve helped over 169 clients since the company’s inception. In addition to helping clients get rid of their timeshares, Cancel Timeshare also helps them repair their credit, which can be damaged by the stress and anxiety of trying to escape their timeshare contract.
There are several factors that can lead to a person seeking timeshare cancellation, but the most common reason is financial. The high maintenance fees and interest charges associated with timeshares make it difficult to budget, especially as people age and their travel options become more limited. The cost of airfares to popular destinations can also make it impractical for many timeshare owners to maintain their properties.
Despite these factors, it is possible to escape your timeshare contract, as long as you act quickly and follow the instructions outlined in your rescission period. While this process may take some time, it can be well worth it in the end.
If you are in the midst of your rescission period, be sure to read all of the fine print and follow the rescission instructions exactly as instructed by your timeshare contract. You’ll generally be required to write a letter of revocation, and you may be required to deliver it in person or via certified mail, depending on your state’s law. Once you’ve done this, you should be refunded any deposits and your sales contract will be terminated. If you’re not certain about the rescission process for your particular timeshare contract, contact your local consumer protection agency for advice. In most cases, the agency will be able to point you in the right direction. In fact, some agencies even specialize in assisting consumers with timeshare cancellation. For example, the Wesley Financial Group specializes in helping timeshare owners terminate their contracts without incurring any additional debt.
