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Timeshare Mortgage Cancellation
On the surface, a timeshare sounds like a great idea. You might see it as an excuse to take a guaranteed family vacation every year at a luxurious resort. So you take a “free” trip to the resort, sit through an hours-long sales meeting, and after a high-pressure pitch, decide to sign a timeshare contract. However, the devil is in the details, and you soon realize that all the associated fees and costs are a financial burden that’s too much to bear.
As the bills pile up, you find yourself suffering a serious case of buyer’s remorse. You could try timeshare cancellation on your own, or you could work with an experienced, trusted, and proven timeshare cancellation service, like Lonestar Transfer.
The Different Types of Timeshare Cancellation
Lonestar Transfer is the best timeshare cancellation company to work with. Over the past decade, we’ve helped 13,000 people successfully get out of their timeshare contracts. When it comes to cancelling your timeshare contract, we offer two different services to accommodate whatever your situation is.
Our leading service is our title transfer service, where we help owners legally transfer their timeshare property title out of their name. But if you still have a mortgage on your property, we also offer timeshare mortgage cancellation. With this service, we’ll work directly with you to cancel your timeshare at the resort it was purchased from.
How does timeshare mortgage cancellation work?
Many times, the slick, fast-talking timeshare salespeople fail to mention important aspects of ownership. If you were told any of the following, you could have grounds for legal timeshare cancellation:
- Tax benefits: Were you told you could get tax benefits when purchasing your timeshare? This is a highly illegal tactic and can provide leverage for timeshare mortgage cancellation.
- Fees and limitations: Did they promise you could go to an exchange to redeem vacations all over the world but didn’t mention all the fees and limitations? If so, you have grounds for timeshare mortgage cancellation.
- Fear and intimidation: Did the salesperson use fear and intimidation to talk you into purchasing the timeshare? Did you feel like you couldn’t walk away? Using fear and intimidation can be considered an illegitimate form of selling timeshares.
- Rescission period: Were you told about the mandatory three-day rescission period that applies in most states? If not, you can cancel your timeshare because you weren’t given all of the information.
- Gift: During the presentation or sales pitch, did they refuse to give you your gift unless you bought a timeshare? This tactic can be grounds for timeshare cancellation.
If any of these apply to you, and you’re thinking, “I’m ready to cancel my timeshare,” it’s time to contact Lonestar Transfer. You can schedule a consultation with us today by calling (855) 722-3166 or filling out our online form.
How To Cancel A Timeshare
One of the first steps in timeshare mortgage cancellation is writing a cancellation letter. A written statement is necessary to cancel your timeshare. You’ll need to type, print, and mail a certified letter. Be sure to retain a copy for your records.
Include these details in your letter for timeshare mortgage cancellation:
- The date
- Your contact information, including your name as it appears on the contract, your address, email, and phone number
- A clear statement of your intention to cancel the contract
- The name and description of the timeshare company
- Your contract number and membership ID
- The purchase date of your timeshare
Be firm, direct, and detailed in your letter, and avoid getting emotional. You might also want to employ a timeshare lawyer to write or revise your letter. The cancellation letter is the first of many steps in the complex process of timeshare mortgage cancellation. That’s why you need an advocate like Lonestar Transfer on your side.
How do Timeshare Cancellation Companies Work?
For more than a decade, Lonestar Transfer has been dedicated to helping our clients free themselves of the financial burden of a timeshare. We offer free, no-obligation, private consultations. We are not a listing company, and we will never make promises that we cannot honor. We are committed to keeping you informed every step of the way until you are legally and permanently released from timeshare ownership.
When you’re looking for timeshare cancellation help, beware of scams. Always work with a company like Lonestar Transfer that strictly follows the law and has a physical office here in the United States.
As a family-owned and operated timeshare advocacy firm, customer service is our biggest priority. We’re so committed to helping our clients with their timeshare mortgage cancellations that all of our timeshare exit solutions come with a written guarantee.
For help with timeshare mortgage cancellation, don’t hesitate to contact us. Schedule your free, no-obligation consultation with Lonestar Transfer today.
5 Things People are Told That are Grounds for Timeshare Termination:
You were told you could receive tax benefits when purchasing a timeshare. This tactic is highly illegal and can provide leverage to cancel your timeshare.
They failed to tell you of the mandatory 3 day rescission period. Applies in most states.
Fees and Limitations
They promised you could go to an exchange and redeem vacations all over the world, but failed to tell you about the fees and limitations.
During the presentation or at the end, they refused to give your gift to you if you did not purchase a timeshare.
Fear and Intimidation
The sales staff used fear and intimidation to get you to purchase the timeshare leaving you little room to feel like you could walk away.
HOW DO YOU SELL A TIMESHARE?
Often when timeshare owners are sold their timeshare, the sales staff will make misleading statements or false promises, and in many cases leave out important disclosures that you should have been told. When this happens, consumer protection laws are broken, giving you grounds for a timeshare mortgage cancellation.
Timeshare owners normally have the right to cancel the timeshare contract within a given period of time depending on their state law. State laws give a minimum number of days for the timeshare mortgage cancellation period. Also, different timeshare contracts may provide for longer timeshare cancellation periods.
If the timeshare cancellation period has expired, don’t worry you may still be able to sell your timeshare rather than cancel the timeshare. In select situations, you may be able to get out of a timeshare contract even if the timeshare cancellation period has expired.
Lonestar Transfer has assisted over 13,000 clients in getting out of their timeshare contract, earning them the Rockwall Chamber of Commerce’s “Emerging Business award” as well as Angie’s List “Super Service” Award in 2015. Be Assured that you are in safe hands with Lonestar.
Contact one of our consultants today to receive your free consultation about how to get rid of your timeshare legally. You’ve got nothing to lose! Besides those horrid timeshare fees…