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Sample Timeshare Cancellation Letter

Sample Timeshare Cancellation Letter
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You might´ve just purchased a timeshare in Mexico when reading this article. If you are not sure you want to "own" a piece of paradise in Mexico, you can cancel your timeshare contract and recover your money if you purchased with in five days.

If you have purchased a timeshare in Mexico but have cold feet, it is possible to cancel your contract and recover the monies you have paid so far.The cancellation of a timeshare is divided based on how long ago you purchased your membership; if you purchased within 5 business days, you should be entitled to the cancellation of the contract as well as a full refund of your deposit; if your purchase was more than 5 business days ago, do not dispair, there is also help you can receive to stop paying for your timeshare.

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Timeshare cancellation within five business days

If you purchased the timeshare within five business days from today (Saturday and Sunday don´t count as business days), you can cancel your purchase by requesting so to the timeshare resort. First of all, you must submit a document requesting the cancellation of the contract and the refund of your money specifying that you will expect to receive the amount paid, 15 days after receiving the document. This document must include:

Address
Phone number
Email
Contract number
Full name
Contact information
Body of the letter where you will be requesting the cancellation
Date of the purchase
Your signature

It is important to send it during the time frame established by law and save the receipt, which endorses that the document was received within the time limit; it can be the receipt from the mailing company provided to you or a copy of a sent email.

The shipping methods NOT useful as evidence of your cancellation request are:

timeshare cancellation

• When you hand deliver the letter and seller signs you a document accepting it (salesman or manager might claim the signature is not theirs).
• By fax, because the date that appears in the document can be modified.
• By phone, because everything was verbal and written evidence isn´t evidend of your cancellation request.

It is very important to keep all copies, to show that the document was sent during the period established by the timeshare law.

Another aspect to keep in mind is that many timeshare resorts will not answer back to your cancellation request and you will, most likely, have to use the services of a lawyer or a company like Mexican Timeshare Solutions to assist you recovering your downpayment and also cancel your contract. If you submitted your cancellation request more than 15 days ago and the resort is not answering back or denying the cancellation of the contract, contact us now to explain you how MTS can recover your deposit back.

Timeshare cancellation after five business days

timeshare cancellation 5 days

If your purchase was made more than five business day ago, the cancellation becomes more complicated but not impossible. The resorts will put obstacles and traps to avoid cancellation but the cancellation of a timeshare contract is achievable with the assistance of MTS

Another drawback for contracts that have passed the 5 days to cancel prescribed by law is that that if you don´t cancel your contract propertly you might be facing:

  • Being sent to collections
  • Having your credit rating affected
  • Calls from debt collectors requesting money
  • Lost of any chance of recupe any money given to the resort

If you are still convinced that you no longer want to continue with your timeshare we recommend you to use the legal path and not only stop making payments; failing to so, will definitively affect your credit score and ruin your plans prepared for the future.

The following are sample timeshare cancellation letter that can serve as a guide to send your letter requesting the cancellation of the contract:

Timeshare cancellation letter sample 1

Your Name
Your Address
Your Email
Your Telephone number 

Resort’s Name
Resort’s Address
Resort’s Telephone number

Date

To whom it may concern:

Describe why you want to cancel your contract, include contract number in the drafting and likewise request the cancellation and a full refund, mentioning that you are within the 5-day cancellation period established by Mexican timeshare law.


Sincerely,

Signature and Name

Timeshare cancellation letter sample 2

John Smith

3652 South Ave.
Lancaster, CA,46836
Jsmith@yahoo.com
639-766-3629

Royal Holiday
Resort’s Address
555-627-8800 

July 1st, 2012

Subject: Cancellation of contract JLMK52396
 
To whom it may concern:

This letter is to inform you of my intention to cancel the timeshare contract number: JLMK52396 which was purchased by John Smith in accordance with article 56 of the Federal Consumer Protection by Mexican timeshare law. I request a full refund of my deposit and the cancellation of any future deposits found in the contract.

Please take a note in an event I do not hear anything from your company contrary within 15 days of reception I would assume that my contract is cancelled accordingly

Sincerely,

John Smith

 

Timeshare cancellation letter sample 3

 Carol James

6391 South Ave.
Lancaster, CA,52649
caroljames@hotmail.com
957-334-7614

Mayan Palace
Resort’s Address
744-469-6003

May 7, 2012

Regarding contract JLMK52396 for purchase of a timeshare at Mayan Palace resort. Which was purchased on 05/06/2012.We are exercising our legal right to cancel this contract, according to Mexican Consumer Protection Laws. We expect a full refund of our deposit of $30,000.Please do not make any additional charges to my credit card or any future payments. Please confirm that you have received this legal timeshare contract number: JLMK52396 rescission in writing.

Sincerely,

Carol James

 

If you already sent your cancellation letter within 5 days and have not received an answer from the resort after 15 days, don´t despair Contact us, at MTS we will offer a free consultation to advise you on your case, get your money refunded and cancel your contract.

Information to Share

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  • Share this link http://www.timesharescam.com/blog/94-sample-timeshare-cancellation-letter/ on your favorite blogs and forums

 

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14 Comments
  • VioletAugust 25, 2014, 9:49 am

    Is there an answer to getting rid of a timeshare? Mine is paid for but I am still paying maintenance fees. I have never used it. What happens if I just stop paying the fees? Does anyone know about TransferAmerica? They claim to be able to help you get rid of timeshare and fees.

  • AnaAugust 18, 2014, 7:23 am

    Very helpful. I didn't have any idea on how to make a timeshare cancellation letter.

  • Bill RogersJuly 11, 2014, 2:19 pm

    You don't buy a timeshare as an investment. You buy it because you want to use it.

  • Bill RogersJuly 11, 2014, 2:19 pm

    You don't buy a timeshare as an investment. You buy it because you want to use it.

  • KathyJune 24, 2014, 3:30 pm

    hi there on my contract it says 5 days by certified mail or telegram, what is telegram these days as nobody seems to use them. and as fas as certified mail goes it takes to long through postal, would UPS requiring signature do it? thanks so much

  • IrvingMay 29, 2014, 8:07 am

    I know that some people can benefit from timeshares. In my case I can not benefit from them. I have gone to about six of them throughout the years and they all have the, you need to buy now” attitude. The play with your mind with the “so you do not like saving money.” I just came out of a presenation fron Bluegreen resorts. Terrible presenters. We are lucky that we have the internet and we can keep on posting information about how these companies work.

  • GuestMarzo 24, 2014, 9:19 am

    The scam pasquale and his gumbas try with me is they tell me they will sell my timeshare condo in vegas. But, I DON'T have a timeshare condo, timeshare or otherwise there or anywhere. Anything that sounds too good to be true, most assuredly isn't

  • PatrickMarzo 13, 2014, 2:26 pm

    thanks for all the info you bring, i love your website and i have learn a lot about timeshares

  • EnriqueFebruary 11, 2014, 4:39 am

    Me encanta el blog, toda la informacion que suben es de muchisima ayuda, siempre estoy al pendiente de nuevos artículos

  • VictorAugust 30, 2013, 1:34 pm

    Gracias por el articulo, fue de gran ayuda y muy bien explicado.

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