If you are unhappy with your timeshare, you may be able to legally cancel your contract. Depending on the state, you will have a certain amount of time to do this. It is important to consult an attorney before making a decision to cancel. Timeshare attorneys have the knowledge and experience to help you avoid scams and other pitfalls. These professionals also have a great deal of expertise in consumer protection laws and will guide you through the process.
While many states allow you to cancel your timeshare agreement within a few days, some foreign countries have stricter laws on this topic. For instance, Alaska has a recission period of fifteen days. In Hawaii, you have seven days. And in Detroit, you have nine.
To cancel a timeshare, you will need to provide a written notice to the developer or resort. The notice should explain the reason for the cancellation. This letter should be sent to the developer within the recission period. You should be able to send your notice by fax, certified mail or registered mail, depending on the law in the state where you reside. Some resorts are willing to work with you if you hand-deliver the notice.
A timeshare purchase is a difficult financial commitment, and you will need to make sure that you can get out of it. There are many companies out there that promise to help you do this, but they can take months or even years to get your agreement canceled. However, you can get out of your timeshare by deeding it back to the resort. Having the option to do this is a great way to save money and gain a little flexibility in your life.
If you decide to hire a timeshare cancellation service, be prepared to pay a significant up-front fee. Most will offer a guarantee that you will be refunded if the company is unsuccessful in getting your timeshare cancelled. Other times, you will be charged a high up-front fee and will have to wait a long time to get your agreement rescinded.
Some timeshare experts will take advantage of you when you are considering a timeshare. You might feel like you have no other options, especially if you are in a large credit card debt. They will try to persuade you to stay with your timeshare in order to get more credit.
It is important to read the contract carefully before signing it. The timeshare salesperson should inform you of any fees, conditions or limitations on the exchange. He or she should also tell you how long you have to rescind your agreement. Once you decide to cancel, you should follow the directions in the document to complete the cancellation process.
If you have any questions about timeshare cancellation, you can contact a reliable timeshare exit company such as Wesley Financial Group, LLC. They have ten years of experience with this type of practice and will be able to give you the information you need.