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How to cancel a timeshare

How to cancel a timeshare
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Ever since the whole timeshare concept was created, the industry has been known for being very susceptible for scams. Timeshare ownership, however, can be a good purchase for people who enjoy traveling to the same vacation spot every year, but the truth is, that timeshares are not for most people, nor an financial investment either.

Unfortunately, most timeshares are sold in a high-pressure environment. Timeshare salespeople take advantage of vacationers, especially of those who are less able to resist hard and misleading sales practices. If you, or someone you know, happen to be a victim of a timeshare scam, read this article to know how to cancel a timeshare contract properly.

Reasons to cancel

There are several reasons to want know how to cancel a timeshare, these are the most common:

  • You may have realized you will not be able to afford your annual timeshare fees
  • You may have felt you were pressured into buying the timeshare
  • You may have realized you don’t know how timeshares work
  • You may have realized most of the verbal promises made by the timeshare salesperson are not written in the contract
  • You were told your timeshare property would be a good investment
  • You may have tried to sell your timeshare with no success
  • You have realized that you can travel for a cheaper rate on your own 

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How to cancel a timeshare

To know how to cancel a timeshare properly, these are the most important factors to take into consideration:

  • The date of purchase
  • The city where the purchase was made
  • The brand of the resort

Within the rescission period

Every timeshare contract has a rescission period, which will depend on the timeshare regulations of the place where the vacation property was bought. When purchasing a timeshare in Mexico, you have 5 calendar days to cancel your contract. When buying in the US; the rescission period will depend on the State where the purchase was made.

If you buy a timeshare, and you regret your purchase within your rescission period, and you want to know how to cancel a timeshare, the first thing you need to do is to write a letter (via certified mail) or an email to the resort requesting the cancellation of your contract. It is very important that you keep a copy of the letter as evidence that you cancelled on time.

After you send the letter, you should receive a prompt response from the resort, as well as a full refund of your upfront payment. If the company refuses to accept your cancellation request, contact the government consumer protection agency of the country where the purchase was made. Before you buy a timeshare, it is important to know your timeshare cancellation rights

When the rescission period has expired

If you want to know how to cancel a timeshare once the rescission period has expired, you should know that it becomes more difficult to cancel your timeshare agreement, but not impossible. Timeshare cancellation requires lots of time and negotiations with your timeshare resort and, and because of this, very few people can accomplish the whole process on their own, which usually takes from 3 to 6 months.

There are many timeshare cancellation companies that claim they know how to cancel a timeshare and that they Can get you out of your contract but after you pay an upfront fee, but this is only an extension of the original scam. Therefore, it is very important that whether you contact a timeshare lawyer or timeshare cancel professionals to assist you with your issue, that you do an internet research and investigate the company before making any formal deal with it.

how to cancel a timeshare

Timeshare cancellation, your best option

Without a doubt, timeshare cancellation is the best option to get rid of an unwanted timeshare. Once the timeshare contract is properly cancelled, there are no further financial obligations attached to the resort, which means:

At Mexican Timeshare Solutions we strive to give back freedom to people who purchased timeshare under the wrong reasons such as the financial investment spiel. Contact us for a free consultation on how we can help you cancel your timeshare contract.

Remember, our service is risk free as we work based on results so you do not waste any money paid up front. If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

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Leave your comment below and share your opinion with us.Are you also wondering how to cancel your timeshare? To know more about on how to cancel a timeshare visit:

How to rescind a timeshare contract? 

Cancel a timeshare, what are the advantages?

Cancel a timeshare- Tips to get rid of it

 

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50 Comments
  • Blanca Ramosa November 24, 2018, 12:31 pm

    Hola mi esposo y yo compramos un tiempo compartido en Westgate en Orlando. Al llegar a casa me di cuenta que era una estafa y me informe para eso ya teníamos 4 días nos quedan 6 días y ya enviamos una carta de cancelación notarisada y estamos esperando la respuesta. Solo decíamos que nos regresen lo que dimos y no saber más de ellos.

  • Freddy FloresOctober 30, 2018, 1:43 pm

    Saludos.
    Talvez alguna persona ya pudo realizar la cancelación del contrato de tiempo compartido ?
    Que pasos se puede seguir para cancelar Westgate en Florida.

  • Carmen SantiagoApril 29, 2018, 6:51 pm

    Tengo un tiempo compartido en Westgate Resort en Orlando. Lo compré en septiembre 2017 mediante tácticas de venta agresiva. Luego del huracán María les envíe una carta para cancelarlo pq no lo podía pagar, aparte que reconocí que fue un mal negocio. Necesito salir de este contrato y ellos se la pasan llamándome para cobrarme. Por favor, ayuda¡

  • ISMAEL HERNANDEZ CUEVASDecember 18, 2017, 3:19 pm

    Buenas tardes , tengo un tiempo compartido en orlando , ya esta pagado en su totalidad y quisiera asesoria para poder recuperar la mayor parte de la inversion de mi dinero , ya que las cuotas de mantenimineot son mas altas

  • AbigailOctober 23, 2017, 11:21 pm

    Compre un tiempo compartido en agosto de 2017 en royal iztapa, me he dado cuenta q es una vil estafa, di un enganche de 37000 como puedo cancelarlo y cuanto saldría ?.

  • Claudio Gagodorca August 21, 2017, 3:46 pm

    Compre un tiempo compartido en Westgate resort en noviembre 2016 ya pague la mitad y quiero anularlo Gracias

  • RogelJuly 27, 2017, 3:59 am

    Hola soy Rogel necesito saber qué hacer para cancelar un tiempo compartido pasado los 10 días son unos estafadores no te contestan el teléfono y cuando lo hacen te pelotean o sea llama aquí llama allá y nadie te concreta nada que estafa

  • RosmeryMay 4, 2017, 5:09 pm

    hola quiero cancelar mi tiempo compartido Westgate resort me dijeron que podia hacerlo llamo y me informan que no se puede que era en los primero 10 dias como puedo hacer y que no se puede cancelar

  • Liz barahona April 18, 2017, 6:14 am

    Nesesito si pueden ayudarme en los Estados Unidos si tienen información de alguna empresa que haga el mismo trabajo que ustedes de cancelar contrato de tiempo compartido porfavor muchas gracias

  • Viviana RosalesOctober 6, 2016, 6:05 pm

    Contrate una membresía con Unlimited Vacaction Club y es una estafa, que puedo hacer para cancelarlo si ya pasaron los 5 días

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