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Showing posts with label timeshare cancellation. Show all posts
Showing posts with label timeshare cancellation. Show all posts

How to Cancel Timeshare to Stay Clear from Remorse?

Travelling around the world to your heart’s desires isn’t as simple as we wish it could be. In fact, it’s rather difficult especially when you’ve been bitten by a travelling bug. You can meet your travel goals only by playing smart and planning for everything in advance.

Lately, most people in the US have been investing in the timeshare. And, if you’ve entered into a timeshare contract and have the buyer’s remorse, you may be able to get out of the liability if you act quickly. Since legal requirements to get out of your timeshare obligation can be tricky, it’s important to hire a seasoned timeshare cancellation attorney to get rid of it in a hassle-free manner. A qualified and knowledgeable attorney ensures correct procedures are followed to get positive results.


How to cancel timeshare?

Different states have enacted different laws for cancelling a timeshare property. As per laws, you have to act in time to cancel timeshare without getting into trouble. You can legally get out of the timeshare contract in following manners.

Act within cancellation time - All timeshare contracts clearly state the number of days a person can cancel his/her contract. However, if you don’t find it in your contract, you should immediately check your state’s law on timeshare contracts or you can even get in touch with the state consumer protection officer for timeshare cancellation.

Cancel in writing- You must cancel the timeshare contract in writing. The document should state the following information clearly.

• Your name
• Your mailing address, contact number, and email address
• The name of the timeshare company
• A description of the timeshare
• Purchasing date of timeshare
• The cancellation period as per mentioned in your contract

Delivery of the cancellation letter - You should specify the way in which you want your cancellation request letter to be delivered to the concerned authority. You should follow all the instructions accurately and deliver the letter within the cancellation time period to make sure everything is done correctly at your end.

Even if you have crossed the time limit for cancelling the timeshare, you can find a way out by contacting a reputable attorney in your area.

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Timeshare Agreements: Look before You Sign

If you choose to attend a timeshare presentation, then go in with these cautionary tips in mind.

Be Rational

Most vacationers who walk into a timeshare presentation, usually walk out having signed a timeshare contract. The presentations made by the timeshare representatives use hard selling tactics with many aspects of the fine print missing, that can cause you to make an impulsive decision based on emotions. Not getting sucked into the timeshare circus will require all of your rational thinking faculties to be on high alert.


Investigate the Resort

If you are drawn to a particular timeshare resort and you are keen to invest in a timeshare legal agreement, then you should evaluate it before you attend the presentation. Check out the facilities, the pool and the grounds. Another possibility is to run a search on Google and check out the reviews, complaints and feedback of that resort. Dissatisfied and unhappy timeshare owners are sure to vent their experiences and warnings online. Real estate agents in the area will also be able to give information regarding the timeshare resort, its owner and developer.

Watch Out for Half- Truths

An average timeshare sales presentation lasts anytime between 60 minutes to 2 hours. Most people end up signing a timeshare legal contract only because they feel pressured to do so. Another white lie, is that purchasing a timeshare is a wonderful investment that can be resold at any time for a profit. Reality though is different, surveys and studies show that there is hardly any resale value and even if you do get to sell it, you’d be doing so at a very low price. Once you sign on the dotted line, you’re not just stuck with a purchase you never wanted in the first place but now you are obliged to pay the loan and maintenance fee.

If you are thinking of entering into a timeshare contract, be wise to employ the services of a reputable timeshare attorney to help you make the best deal.

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Which Factors Should Be Considered Before Getting Rid of A Timeshare Purchase?

Purchasing a timeshare is easy, but maintaining it every year isn’t! It’s only after you purchase the timeshare property that you will regret the decision. Lies and utter dishonesty lead you to wonder how to eliminate Timeshare. You may have been guided to believe that you can’t get rid of a timeshare, but it’s absolutely possible with experts’ help.


While purchasing the timeshare property, you may have wondered what could be the catch behind the lucrative vacation deal you are going to get against a very low risk. Initially, you wouldn’t find anything wrong as the sales teams of the timeshare companies simply want you to visit them and see a little presentation. However, as you watch the promotional testimonials and videos of amazing vacation places that seem too good to be true, you take the plunge and purchase the property.

If you want to eliminate timeshare, there could be several reasons for it, such as high maintenance cost, poor maintenance, unused timeshare property, etc. Whether you wish to sell, cancel, or donate your timeshare property, you need to have a strong plan to get rid of it successfully.

A timeshare attorney with a rich experience in the industry can help you get rid of Timeshare mortgage legally. He/she will help you acknowledge the factors should consider before going forward with your decision.

• You need to know if your timeshare is still marketable, which is based on your timeshare property location.

• It’s important to know the real worth of your timeshare, as a too high selling value can keep you waiting for long.

• Get in touch with a real estate agent to get an approximate idea about your timeshare worth.

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Transfer Timeshare Ownership with Guaranteed Transfer Program


A timeshare is an ownership of vacation property that is shared among multiple parties and used by each owner for a stipulated time of the year. This vacation property gives you an enchanting experience allowing you to experience the rare wonders of the world. Most of the people take an impulsive decision of buying timeshare property after getting fascinated with attractive deals and offers and coming under the pressure of a salesperson. Such types of decision can cause a problem afterward and force one to give a second thought to the decision.

If you are a victim of timeshare fraud, then it is very important for you to seek the help of a timeshare attorney to cancel the deed. While purchasing the deed or investing in any property, it is very important to read all the documents and then sign the deed rather than signing on the dotted lines. Many buyers are unaware of the obligation to pay taxes, maintenance fees, and annual fees and sign the contract thinking it as the best deal. But over time, a timeshare can become an expensive proposition and with high financial obligation the timeshare property can drag down your credit limit.

The best option which one can seek for is to rescind the contract or transfer timeshare. Timeshare transfer can save your crucial time & money and transfer your timeshare property within the resort company’s network of other location. Numerous timeshare owners transfer the property as they are unable to use the property frequently enough. By transferring ownership, the owner no longer has to make payment for maintenance and special assessment again. Therefore, if you have unknowingly stuck into timeshare contract, then it is better to hire a timeshare transfer attorney who can undertake the process smoothly and make your free from financial obligations.

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Get Out of Timeshare Contract During the Rescission Stage

There are a lot of people, who have a timeshare contract and wish to lawfully come out of it. Wishing to come out of the timeshare contract can be due to many reasons; but realizing that the deal is not as good as it once seemed is the mostly reported reason by people. For example, most of the timeshare buyers are not aware about the fees, taxes and assessments they are obliged to pay and considering the total financial cost of the purchase they eventually end up changing their minds.

How to cancel your timeshare contract?

As the nature of the timeshare selling goes, most of the states have passed laws that allow timeshare buyers to stay safe by quickly cancelling their contracts. With help of this law, if you’ve signed a timeshare contract and have second thoughts, you can apply to cancel the contract.

Act  within the timeshare rescission period

Your timeshare contract should have clearly mentioned number of days that lets you rescind the contract within that duration. If your contract doesn’t have this duration mentioned, you should seek assistance from your state consumer protection office.

Get out of timeshare by cancelling in writing

Be it initial contract signing or cancelling it during timeshare rescission period, you must have every detail in writing. You should include following information in your cancellation letter, as per advised by the timeshare experts.

  •  Your name just as it appears on the contract
  •  Your contact number, address, and email address
  •  The name of the associated timeshare company
  •  The description of timeshare
  •  The timeshare purchase date
  •  A statement from your side stating that you are contacting the timeshare company within the rescission duration and want to cancel the timeshare contact.

In most cases, you don’t necessarily have to state a reason for cancelling a timeshare contract. You should also make sure that your cancellation letter reaches the company and you follow all instructions carefully. In case you fail to fill in correct information in the cancellation request, your cancellation may not be valid.

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Factoring In Other Timeshare Fees Before You Provide

Timeshare fees vary reckoning on the placement of the place, the slot you have got opted for, the share size, and different variables like condition of the property and therefore the selling price of the timeshare. The price of a brand new or retail timeshare is persistently quite an analogous one that's bought from the selling market.

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