Timeshare Cancellation is a process that involves contacting a company that is known for providing timeshare cancellation services. These companies often advertise all over the main outlets, such as television and radio, offering a money-back guarantee if they cannot deliver the service. They also charge an upfront fee to provide the service.
They work with the owner to review the property details and evaluate their exit options, including contacting title companies or attorneys, if necessary. They then take the documents submitted to them and send them on to the relevant timeshare management, developer or other party for processing.
While this process may seem lengthy, it is actually a quick and effective way to get out of your timeshare agreement. Moreover, it can save you from a great deal of stress and financial hardship in the future as well as the potential of legal problems that can arise when you attempt to do so yourself.
You need to find a reliable company that has been around for years and that is well-known in the timeshare industry. They should have a proven track record of helping people cancel their timeshare contracts and they should be able to offer a wide variety of services that are tailored to the specific needs of each individual client.
The first step in any timeshare cancellation is to write a formal letter of request. This can be as simple or detailed as you choose, but it must include a clear statement that you are requesting to cancel the contract. The letter must be written in a professional and concise manner, without getting emotional or sounding overly desperate. You should also include as much information about your property and the reasons for canceling as possible.
It is critical to include all the relevant information in your letter, so that the recipient can take action and move you forward as quickly as possible. It is best to use bullets and bold fonts to ensure that they can easily read your message and understand what you are trying to say.
Your timeshare cancellation letter should contain a strong and clear request to cancel the contract, as well as a detailed description of your reasons for wanting to cancel. Be sure to mention any special circumstances or conditions that may have affected your decision, such as any unforeseen medical issues, financial problems, or employment changes.
A rescission period is usually set by state law and is usually short, so it is important to act quickly. You should be aware that some resort developers will try to prevent you from canceling your contract.
If you are in a timeshare that is beyond the rescission period, it is important to contact your attorney and discuss all of your options. Some resort brands have launched deed-back programs, which allow owners to return their properties to the company if they wish. Others have internal teams that can help you explore other exit solutions, such as a timeshare transfer or annuity.