Discover the easiest way to cancel your timeshare
If you’ve been wondering if there is some hidden and foolproof way to cancel your timeshare contract, the answer is YES!
The kicker? It’s written directly on your timeshare contract!
The capture? Time is of the essence!
Your contract must include a clause on a “rescission period”.
A rescission period is your “cool down” time after a large purchase such as a timeshare. During that time, you can exercise your right to cancel and request to be released from your timeshare contract. The length of your termination period will vary based on the state in which the timeshare was purchased. For example, a timeshare purchased in Massachusetts has a rescission period of 3 days, while a timeshare in Florida has a rescission period of 10 days.
Do your research and find out what the rescission period is for the state in which you purchased the timeshare. Be sure to check if the time is in calendar days or business days, as this will also vary from state to state and can determine if your termination falls within the appropriate time frame. DO NOT CALL the timeshare company, they will usually trick you or try to dissuade you from canceling the timeshare. If you are not sure what the time frame is within your state, contact a timeshare attorney. This basic information should be provided to you free of charge.
You are legally bound to a rescission period if it is written in your contract. Nevertheless; You must follow the termination process exactly as stated in your contract to have a valid cancellation. This will vary from contract to contract and may include certified copies of documents, hand delivery, or other requirements. It is always wise to read your contract carefully and exercise your right of cancellation as soon as possible. Don’t delay, act as soon as you feel buyers regret it. If you are having trouble canceling your contract, a timeshare attorney can help you.
Timeshare attorneys are there for consumer protection. Consumers often receive an incomplete contract that is missing attachments and references to documents they never received. Your payments or fees may be incorrectly calculated or, in some cases, you never received or signed a contract. Timeshare attorneys are there to protect the consumer and help you get rid of maintenance fees and mortgages once and for all. If you have acted quickly enough and are within the rescission period, then you should be able to cancel your contract before making a one-time payment to the mortgage company.