Getting out of a timeshare can be a challenge. You’ll need to weigh your options and navigate the red tape of the timeshare management company. Not only will you need to be ready to pay up, but you may also have to deal with a shell corporation that holds you liable.
In fact, some states require you to use the timeshare cancellation aforementioned to get out of a timeshare. However, it’s not always a good idea to try to do it on your own. Some companies, such as Wesley Financial Group, LLC, have become pioneers in the timeshare cancellation industry, canceling over 16,000 timeshares for their clients.
When determining if it’s worthwhile to cancel a timeshare, you’ll need to determine the right time. Most timeshare rescission periods span the first three to fifteen days of your contract, though some state laws allow for a longer period. To determine the length of your rescission period, read your contract carefully. Also, don’t be afraid to ask the resort staff. Many of them will tell you that you have the right to leave, even if your contract requires that you stay.
There are several reasons you may want to do a timeshare cancellation, from lifestyle changes to rising maintenance fees. The most important part of the process is to make sure you are doing it the right way. For instance, you should use a timeshare re-sale service like Cancel Timeshare to help you with the paperwork and other aspects of your exit.
If you don’t have a good grasp on the details, you may wind up losing out on your money. Remember that even when you do manage to recoup some of your investment, you may still have to pay for the maintenance fees and other obligations. So be sure to choose a reputable timeshare exit company.
One thing you might not know is that you’ll have to mail your letter via certified mail. Depending on your state and contract, you might be required to use registered mail or hand deliver it. Even if you don’t have to send the letter by mail, you may need to get a return receipt.
Other than sending a letter, the best method is to hire a reputable timeshare cancellation service. These companies will do a thorough assessment of your situation and draw up the necessary documents. This will include a rescission letter and other documentation that will need to be couriered to the resort or developer of the property.
Another timeshare cancellation trick is to hire a service that will find you an alternative place to stay. It’s not uncommon to find a timeshare resort that offers multiple options for accommodations. Whether you’re looking for a beach house, cabin rental, or a condo, there’s a property out there for you. But it’s a lot easier to do a little research and contact these companies before you sign on the dotted line.
You’ll also want to do a little comparison shopping. Find a reputable timeshare exit company that will give you a free consultation and start the process with a free quote. Getting out of a timeshare can take a long time, so don’t wait until the last minute.