Timeshare Cancellation is the process of exiting a timeshare purchase. This can be done within a short window of time following the purchase known as a rescission period. This is typically required by law to give buyers the chance to review their purchases and decide whether they want to keep them. If a buyer decides to rescind their contract, they must follow a specific set of cancellation instructions to get their money back.
Timesharing is a costly investment. It is a big financial decision that should not be taken lightly. This is why it is a good idea to take the time to evaluate if a timeshare is right for you. If you do end up deciding to cancel your timeshare purchase, there are specific steps that need to be followed in order to avoid incurring penalties.
The first step is to write a letter to the resort company that clearly states your intention to cancel the agreement. It is important to be as detailed as possible in this letter. It is also a good idea to include a copy of the timeshare contract in your letter. This way, the resort company cannot claim that they did not receive your letter. You should also send your letter through certified mail so that you have proof that the package was received.
Another important thing to remember is that the letter should be sent to the correct address. Many timeshare companies require a specific address and contact person for the cancellation request. This information is usually listed in the contract or on the website. Using the incorrect address could result in your cancellation request being delayed or even rejected.
Once you have a letter written, it is a good idea to read through the cancellation requirements again to make sure that you are meeting all of the necessary guidelines. If there are any specific details that you are unsure of, it is always a good idea to consult with a timeshare attorney.
You should also carefully read through your timeshare contract to determine which state’s law applies to your situation. There are some states that allow for a much shorter rescission period than others, and it is important to know the exact deadlines for your specific timeshare if you decide to cancel it.
When it comes to canceling a timeshare, you should never try to do it alone. It is easy to make mistakes, especially if you are stressed or emotionally upset. It is important to work with an experienced firm that has the knowledge and resources to ensure that your letter is sent correctly. Wesley Financial Group, LLC * has a team of dedicated timeshare experts who work tirelessly to help people get out of their timeshares. Contact us today to learn more about our services and how we can help you save money.