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timeshare exit expert

How to Start the Timeshare Cancellation Process

You have an amazing property, where you could stay forever. Nevertheless, the financial implications have started to sink in. The timeshare industry has been around for more than 55 years and thousands of people find them expensive. It’s been the new normal for timeshare owners to quickly rethink their purchase decision. They think about what it would be like if they were solely responsible for paying off a mortgage on something that isn’t really theirs because experiences are not passed down from generation to generation.

Though many hope that it will be as simple as dialing a call and telling the resort you’re no longer interested in the time-share, canceling one does not come easy. Here are some ways you can begin the timeshare cancellation process.

Act Within the Timeshare Contract Cancellation Period

Timeshare contracts usually clearly indicate the timeline for contract cancellation, known as the rescission period. The rescission period depends on state law, but it is usually 3 to 7 days. Additionally, review the cancellation terms of the contract and use them as a guide. If it doesn’t, check with your state’s law. To fully understand the terms and conditions, get a timeshare exit expert to assist you.

Know the Possible Liabilities When Canceling

Some contracts require you to pay maintenance and improvement assessment fees. Before you start the cancellation process, understand the possible costs you may incur. Ask the timeshare exit expert for all the possible liabilities.

Understand Your State Laws On Timeshare Cancellation

Each state has different laws with regard to a timeshare cancellation. Visit the site of the Department of Consumer Affairs or contact timeshare experts for assistance.

Write a Formal Cancellation Letter

Even if the contract indicates that you can do this verbally, get all the details on paper. In the letter make sure you state clearly your name as it is written on the contract, your address, phone number, and email address. In addition, include the name of your timeshare company, the contract number, and the date of purchase. Give a clear concise statement of cancellation. Don’t forget to state the amount you paid.

With these helpful tips, you can successfully get yourself on the right track to cancel your timeshare. It is vital to know the basics of the timeshare contract for a smooth cancellation process. Before starting the process, get a timeshare exit expert to help you understand the rules and the procedures. If you are interested in learning more about timeshare cancellation, contact us today.

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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.

Call our office today

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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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