When you want to get out of a timeshare, it’s important to do your research and choose the right company. You need to look for a company that has helped many owners like you, offers strict eligibility requirements, an in-house process, financial security, and positive reviews.
First, you should be aware that state laws protect your rights to cancel a timeshare contract within a certain period of time after you sign it. This rescission period is usually stated somewhere in the resort sales agreement. It ranges from 3 to 15 days, depending on the state. In theory, it should be easy to find and use the rescission period to cancel your timeshare.
However, many timeshare salespeople do everything in their power to make sure you don’t take advantage of this rescission period. They may not mention it, or they might misrepresent how long you have to use it. They might even make you sign a cancellation agreement that’s difficult to understand.
In addition to the rescission period, you have other rights as a timeshare owner. You have a right to withdraw from your timeshare agreement within seven days of signing it, as long as you’re in the United States and it was purchased in a U.S. State that has a rescission law.
The best way to find out if you have these rights is by looking at your timeshare agreement carefully. The fine print will contain information about the rescission period and how to write a cancellation letter. You can also search online for a list of timeshare cancellation companies.
A reputable company will have a team of experienced professionals who can help you with your case. These experts will meet with you to assess your situation and determine if you are eligible for the services they offer.
They’ll then draw up the necessary documents and work with you until you are able to cancel your timeshare. This will include submitting your documents to the timeshare management and the developer you bought from, as well as coordinating all the legal aspects of the process.
Ideally, your timeshare cancellation company will be willing to meet with you in person or by phone. This will allow them to see how serious your situation is and if you are likely to qualify for their services.
Your representative will then be able to give you a free quote on your case and the costs of their services. This will vary based on the length of your agreement, the status of your mortgage, and other factors.
The best timeshare cancellation company will also be able to offer you financial compensation for your loss. This is typically a percentage of your total maintenance fees and mortgage payments. These amounts can be significant, but it’s still a better deal than the amount you would have to pay to stay in your timeshare for another year or more.
Once you’ve found the right company, your rescission will be handled with ease. In the end, you will be able to live your life free from timeshare ownership. You’ll be able to save money and put it towards your own financial goals. You’ll be able to invest in the things you love without worrying about high maintenance fees!