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Timeshar cancellation
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how to get out of a timeshare deal

3 Legal Issues on Exiting a Timeshare Deal

According to the 2019 ‘State of The Vacation Timeshare Industry: United States Study’ done by EandY for the AIF, the US timeshare industry sales increased by 7% to 10.2 billion in 2018. It marked the ninth straight year for growth, pre-pandemic. Sadly, for the 9.9 million families that own a timeshare, 4.4 million dump them into secondary markets each year.

Most households are on the lookout for how to get out of a timeshare deal legally. It may not be a straightforward as one would hope. You may require reputable timeshare lawyers to help you cancel the contract held. Here are several legal issues that may arise as you search for ways on how to get out of a timeshare deal.

1. The Timeshare Contract Is a Legally-binding Document

Chances are that the resort or hotel presented the timeshare sales pitch to you during your vacation. With everything relaxed, you may have let your guard down and not read through the fine print. Years later, you are still struggling to get an amicable timeshare exit, with the burden of maintenance fees and taxes on your back.

Signing on the dotted line completed a legal contract that you have to honor. Hiring reputable timeshare exit and support services can help you identify loopholes in the agreement that you can use to get out of your timeshare obligations. Using illegal timeshare cancelation strategies may land you in trouble with the law.

2. The Legal Recession Period Is Often Short

Most states have regulations specific for timeshare contracts and the legal exit options available. One key rule across most jurisdictions is the recission period, which is roughly five to ten days. This is the time that you may have to exit a timeshare deal without any consequences. If you opt-out of your timeshare right after signing the contract, a reputable timeshare lawyer can help you take the necessary steps to take.

Getting out of the legal contract may become complicated after the elapse of the recession period. You may have to research more on how to get out of a timeshare deal without making the situation worse. Experienced attorneys can help formulate effective timeshare exit strategies that can set you off the hook.

3. Illegal Timeshare Sales Tactics Are Quite Rampant

Families that realize that they have been duped with the rosy picture painted by the resort often seek any means on how to get out of a timeshare deal. Some of the strategies used to get them to sign the contract fall on a grey area, with others being outright illegal.

The timeshare sales representative may have inflated the benefits while promising an easy way out any time you wished to cancel the contract. The timeshare company may also trick you into signing a perpetual contract, whose obligations will not only tie you but also your children’s lives. Reputable timeshare cancellation lawyers could help you negotiate an exit with the company if any of their sales reps misinformed or withheld information during their sales pitch.

Most families searching on how to exit a timeshare deal may become frustrated over the legal conundrums that arise as a result of their signature on the contract. Understanding the legal issues may help you find ways to exit the agreement lawfully. For more information on how to get out of a timeshare deal, reach out to Lonestar Transfer.

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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