If you want to cancel a timeshare contract then act now.

If you have entered into an agreement with Wyndham, Westgate, Diamond, RCI or Bluegreen resorts. etc. than you have found the right place save money and time. We have been relinquishing timeshares for people with an unprecedented success rate.

Need Professional Help? Talk to a Real Estate Attorney.

Entering into a timeshare contract can be a great thing. Many people have enjoyed and even had success with their timeshares.

If you are reading this than either that isn’t the case or it’s just time to move on. One thing for sure is that we know it is not easy to get out of that timeshare contract.

Most people are unaware of the financial burden this new venture brings. There is taxes on your timeshare, maintenance fees and charges for assessments. (Assessment fee huh? basically insurance.)

Once all these fees add up it can become a very expensive bill that cycles year after year. Not to mention, the years that you may haven’t even used the service. So basically you are paying for something that you’re not even using. Well let’s change that.

Why Should You Cancel Your Timeshare?

Purchasing a timeshare means that you bought a portion (or interest) in real estate. This can be in homes but many times this is going to be some sort of condo complex. These are usually considered resorts.

While it is totally your decision why you choose to cancel; it’s normally due to the service not being used. Also the bill that comes every year and keeps getting bigger. When you look at the two it just doesn’t make sense (cents) to spend money on something that you don’t use much of.

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How to Cancel Your Timeshare Contract

There are two periods where you will be canceling your timeshare contract. The first is going to be during the “Cooling off” period. This is a small window where you can rescind on your purchase, but this has to be done very swiftly and correctly.

The second is going to be after the cancellation period is over. This is where things get to become a lot more difficult and has multiple ways and steps to accomplish.

We are going to give you the total and complete breakdown of both to cover whatever phase you’re in.

The “Cooling Off” Period

This “Cooling Off” period is also known as a revocation time frame. This time is different in all states, as we know we have worked all 50. During this time you (the buyer) has a short period of time to cancel without, legal issues, out of their timeshare.

Since every state is different we will give you the average. On average it will be between five and seven days that you will have to be able to cancel out. Again not every state is the same, we would suggest making your decision within three days. This will allow you less time for error in forgetting or procrastination in removing your timeshare obligation.

Tip: Also you have to be very aware, most of us think that we are talking about business days. Be very careful because many times buyers have missed the cancelation period since it was calendar days.

What to do during the “Cooling Off” period

This is going to be the most simple out of all the processes.

In order to prevent legal obligation you need to get all your facts and proof. Make sure you have proof that you did in-fact cancel during this time.

Have you termination request in writing (always have copies) and send in the mail by certified mail with return receipt before the rescission period expires. By law the business you purchased your timeshare from then needs to return the amount paid and cancel the deal.

Here is what to include in your mailing.

• your name as it appears on the contract
• your address, phone number, and email address
• the name of the timeshare company or association
• a description of the timeshare
• the date you purchased the timeshare, and
• a statement that you are rescinding the contract (for example, “I am contacting you within the rescission period in order to cancel this timeshare contract).

Make sure to read over your contract and get all the information it requires you to cancel. Contract should contain the “Cooling Off” period and what steps are required. Follow this exactly as you already agreed to the contract. If you do not and fail to follow your contract’s instructions then you will not be let out of your timeshare.

If you are at this point then great this is all you need to do and your home free. If not we are going to get more detailed on your next options.

What If the “Cooling Off” Period Has Expired?

Here is where the difficulty begins. While just canceling your timeshare after this time is going to be nearly impossible, you do have some options you can try on your own.

Talk to the Timeshare Company.

If you have already tried the skip.

There are cases and certain resorts that have initiatives to help timeshare owners who want to let go of their timeshare. These are on a case by case basis that the company will look at and determine if they want to take the share back. Mainly is it profitable for them to.

It may seem like a long-shot, but you won’t know if you don’t try and it’s free to ask. What’s not free is those payments. Some will say yes, under the condition that you still pay the fees until they can resell your property. Many resort developers will not be so kind and take back the property share.

Resell your Timeshare

Reselling you timeshare is an option, if you go to eBay you can list your timeshare in hopes that someone would like to purchase. This part is very tricky, why?

1. What you value your timeshare is not going to be what the next person is going to value it.

2. It takes time, of course you can be one of the few that sold quickly, but majority of the time you will re-list multiple times.

3. If you do happen to sell your property to someone else, this does guarantee you’re out of the contract. Unless you are going to have the resort sign them (and they will but at their fee) the contract has your name on it. So if whoever you “sold” this too decides they don’t want to pay you are back paying the fees because you are liable. Same as renting your own home.

4. In no way do I condone this, but we are putting everything out there. You can do what some people have done and just refuse to pay. This is going to ruin your credit, because legal litigation and you could be garnished and still not let out of your contract. (Oh sorry not on topic just a rant)

Rent out your Timeshare.

There are some people out there who are very successful at this and make a living. Do we all have time to negotiate and list our property? Also do we have time to scan all the people who want to stay there to find the best candidate? Probably not.

Good News. You can look to Airbnb to rent out your timeshare weeks or points. This is a great way to help cover the cost of your timeshare. There are some areas of concern for this you need to figure out.

How are you going to get them entrance?

If the renters “trashes” the place on your week who is going to fix for the other shareholders?

Is it really going to be profitable enough to use my weeks/points?

Also, you have to think about you not enjoying what your own property.

So keep these in mind when trying to find how to use this as an avenue.

Remove Your Timeshare Professionally and Legally

This means that you must negotiate directly with the timeshare company and convince them to issue an official release. Timeshare cancellation companies do this by holding timeshares accountable for the misdeeds of their salespeople, which include FTC and FDCPA violations, omissions of fact, and outright exaggerations. We have a good track record of doing just that

Timeshares are fully aware that cancellation companies are just a google search away from every customer they have. So they know that a certain percentage of customers will eventually figure out how to have their contracts canceled.

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