Timeshare Cancellation – How to Get Out of a Timeshare
If you have recently purchased a timeshare, you may have realized that it wasn’t quite the investment you had been led to believe it was. Perhaps you had a change in your travel preferences or finances and needed to sell your timeshare. If so, you have several options.
First, you might want to consider using a timeshare cancellation service. These companies are designed to help you get out of your timeshare quickly and with little fuss. They will assess your situation and draw up the necessary paperwork for your situation. Then they will courier the documents to your timeshare management and to the appropriate developer. The costs vary depending on the company and the level of expertise and service you require.
Using a timeshare cancellation service is a smart idea for many reasons. The main one is that they can ensure you don’t get taken advantage of by fraudulent companies. A reliable timeshare exit service will also provide you with useful information and advice about how to get out of your timeshare.
Unlike an open market re-sell, a timeshare exit company can negotiate a buyout or sale of your interest in the property. They can also help you avoid paying fees to a listing company. They will also advise you on the best possible route for your situation. You may even be able to get your money back!
Alternatively, you can decide to cancel your timeshare on your own. This method is the safest and most straightforward way to do so. However, there are plenty of unscrupulous representatives out there who will try to scam you into signing up for a timeshare that you don’t really need. The same can be said for timeshare providers who will try to collect on your outstanding maintenance fees. The last thing they want is for you to leave.
If you do decide to leave your timeshare, you’ll need to send a formal cancellation letter. This letter should be delivered before the rescission period expires. Typically, a timeshare contract will allow you to cancel your agreement up to five days after the initial purchase. Some agreements will allow you to deliver your letter in person, while others will allow you to mail it via certified mail.
The timeshare industry is littered with fraudulent operators who will do anything to make sure you don’t go through with your plans. They may claim that your timeshare was transferred to another party or that you owe money on it. They may even attempt to take you to court to force you to pay.
It isn’t uncommon for a timeshare provider to transfer your debt onto a collection agent. You will probably need to pay all of your dues before you can re-title your timeshare. A timeshare exit company will be able to offer you additional lines of defense and will work hard to get your agreement canceled. They will also help you get the most out of your rescission period.
