How long do I have to rescind my timeshare? – Mexican Law
You’re not alone, and many vacationers have been through the same situation. Timeshare scams in Mexico have become a huge problem, and the number of Mexican timeshare fraud victims has been increasing at an alarming rate. However, there is always a way to get out of your timeshare contract, all you have to do is to investigate about the possibilities to get rid of a timeshare you no longer want in a legal way. So, How long do I have to rescind my timeshare? Find out the answer to this question by reading this article.
Timeshare scams in Mexico
Due to the magnificence of its beaches and its beautiful locations and surroundings, Mexico is a very touristic country, because of that; it makes sense to know that it is the second country in the world with more timeshare developers, just after the USA. From the airport to the streets, timeshare salespeople are everywhere, and anyone could easily become a victim of a timeshare scam while vacationing in Mexico.
There are many timeshare companies that use fraudulent and misleading tactics to sell their units. Also, because the concept of timeshare has already a bad reputation, they usually claim that they do not really sell timeshares, but vacation memberships, which is actually the same. The complaints about this matter are so many that not even PROFECO (The Mexican’s Consumer Protection Agency) can take care of all of them.
How long do I have to rescind my timeshare?
Despite of what you might be told during timeshare presentations, you will always have a legal right to rescind your timeshare. Many people are forced to sign away their right to rescind, but this is an illegal practice and it does not exclude you from your right to cancel.
According to the law in Mexico, you have 5 business days (Monday-Friday) to legally rescind your timeshare contract after you have signed it. If you decide to cancel the contract within that period, you should notify the resort about your decision as soon as possible.
What if the cancellation period has expired?
In most cases, timeshare fraud victims realize that they have been scammed, after the cancellation period has expired. This does not mean you lost your opportunity to cancel your timeshare, as you still have the possibility to do so. At Mexican Timeshare Solutions, we have a team of timeshare cancel professionals who are committed to changing and rectifying this fraudulent industry, one client at a time. We will work hard to cancel your contract, regardless of whether you purchased your timeshare 2 days or 2 years ago. Contact us today for a free consultation and find out how to cancel your timeshare properly.
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