Many people find themselves in a timeshare situation where they do not want to stay. They have been talked into purchasing a timeshare that is not a good fit and they are no longer satisfied with it or how they are being treated by their resort or developer. They have become frustrated and are looking for a way to get out of the contract and stop paying maintenance fees.
There are a number of ways to cancel a timeshare, but the key is to do it within the right amount of time. This is known as a rescission period and it is a legal process that is mandated by most states.
During this rescission period, you have to write and send a cancellation letter to your resort or developer in order to get your full deposit back. The timing of this window varies from state to state, but the average period is around 5-7 days.
The letter should include your name, address, contact information and date of purchase. It should also clearly state the reason for your request to cancel.
In addition, you should reference the specific language in the contract that allows you to cancel your timeshare agreement. This is important because it helps to ensure that your letter will be interpreted as a legitimate cancellation.
Another thing to remember is that you should always send your letter in the form of notice that is allowed by law. This could be hand-delivery or through certified mail. In either case, you should have proof that your notice was delivered.
If you are not familiar with the laws in your state or if you have questions about the process of timeshare cancellation, it is a good idea to consult an attorney. These attorneys are knowledgeable about real estate and contracts laws, and can help you determine if your situation is valid and how to proceed with a cancellation.
The lawyer can also help you determine whether a certain timeshare cancellation deadline is valid in your area and what steps you need to take next. They may also be able to help you file for a lawsuit against the developer, which is an effective way to get out of your timeshare.
A lawyer can help you write a professional, effective cancellation letter and can give you advice on how to best present your case. These letters can often be very persuasive in getting the resort or developer to rescind your contract.
There are a number of shady companies that will try to scam you out of your money and timeshare. These companies will advertise all over the internet, on television and radio, and even in newspaper advertisements. They promise to cancel your timeshare for a large sum of money.
These companies will then ask you to cease all contact with the resort or developer and stop paying your maintenance fees. Once these steps are taken, the attorney will then contact your resort or developer on your behalf to try and cancel your contract.