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What is Rescinding a timeshare?

What is Rescinding a timeshare?
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We all have experienced buyer’s remorse, but to buy timeshares that are ridiculously expensive and practically worthless, must be one of the most painful experiences for you and your pocket. However, there is always a bright side, and in this case, the bright side is that there is a way to get out of timeshare legally. Learn more on what is rescinding a timeshare, and how to do it efficiently and properly.

Also Read: How long do I have to rescind my timeshare?

What is rescinding a timeshare?

Rescinding a timeshare is a legal way to cancel a timeshare contract, sometimes with the possibility to get your money back and usually within a certain number of days, this depending on the place where you purchased the timeshare. In Mexico, there is a 5 day cancellation period, and even though some timeshare salespeople might ask you to sign away your right to cancel during the sales presentation, you still have the legal right to rescind.

Unfortunately, most people regret their timeshare purchase after the rescission period has expired, and that represents the beginning of a one on one battle with the resort to fight for the timeshare cancellation. Desperate to recover the money they have lost, timeshare scam victims become an easy target for other fraudulent companies that claim to be the solution to all of their problems.

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Timeshare Purchase – Reasons to rescind

There are many valid reasons why someone would be interested on what is rescinding a timeshare. These are one of the most common reasons to rescind a timeshare contract:

  • You do not completely understand how timeshares work
  • You bought your timeshare under the pressure of fraudulent sales tactics
  • You will not be able to finance your timeshare
  • The resort has not delivered what was promised during the presentation
  • You are not able to rent your timeshare weeks
  • You do not want to spend your vacations attached to a specific resort and a specific time of the year
  • You were told your timeshare was a financial investment, which is not
  • You have not had success using other methods to get rid of your timeshare

Also Read: Cancel Timeshare Contract

Time to rescind

If you feel you were scammed with your timeshare, it is time to rescind! Like thousands of vacationers in Mexico who are in your same situation, you do have the right to rescind, even when the rescission period has expired. We at Mexican Timeshare Solutions treat each case individually, we offer each of our clients a free consultation with one of our associates to gather more information about your specific situation and advise you about how we will go about canceling your contract. Contact us today for your free consultation, and get ready to rescind!

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how? 

 

Leave your comment below and share your opinion with us.Do you have any other ideas on what is Rescinding a timeshare? To know more on what is Rescinding a timeshare visit:

How to cancel a timeshare?

How to rescind a timeshare contract?

Timeshare cancellation letter sample

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31 Comments
  • ErnestoOctober 6, 2014, 7:48 am

    a mi me dijeron que no lo podia cancelar porque habian pasado mis 5 dias, pero es que jamas me dijeron que tenia 5 dias para cancelar, de haberlo sabido, hubiese hecho otra cosa!!!!! ayuda!!!!

  • MarkOctober 6, 2014, 7:31 am

    I know i was scammed, i need to get rid of it as soon as possible, please! can you help me?

  • JulianaSeptember 11, 2014, 7:19 pm

    please help me i need to cancel my timeshare, i cant pay it anymore!!!!

  • JasonSeptember 8, 2014, 1:03 pm

    We purchase a time share in 2011 and we have been lied to and now we can't afford it and we would like to cancel the contract can you assist me with this issue.

  • LitoSeptember 8, 2014, 12:46 pm

    I have paid a lot in time share. mine is mystic dune. i stopped paying it as when i first used it. we were not given the righr room, and the room has cockroaches.
    that time on, i prefer to stop paying it. i sent an email of complaint but nobody is replying. they only get my attention when i stop paying.

    is there any legal way to cancel my contract due to unavailability of funds.

  • StephenAugust 30, 2014, 11:36 am

    This tips are helpful. I know how people really need this to avoid the timeshare scam as well as the regret that they spend money for nothing. It should be a lesson to everyone that before entering a contract you must be well knowledgeable of it.

  • KostasAugust 25, 2014, 7:30 am

    Timeshares are generally poor investments but can be useful for vacations if you play the game properly.

  • mamasbooksAugust 16, 2014, 11:29 am

    It is not a good investment. You have to pay for the timeshare, an annual fee for upkeep of the timeshare, a fee to join RCI, and then a fee when you trade for another property. This all adds up to much more than booking a trip every year. You could actually stay in other people's timeshares if you want an apartment instead of a hotel room and I'm sure you'd come out cheaper. There are places that rent timeshares in most larger cities.

  • steveAugust 12, 2014, 11:13 am

    This is a great article and a “must read” for someone who hasn’t seen this BS first hand. I accepted an offer to sit through one of these in Cozumel once, had to get up and walk out the door I was so p*ssed with their sales tactics. The voucher (or whatever it was) I was promised wasn’t worth the 2 hours of misery. What is surprising to me is how a well respected company like the Sheraton lets this go on at their properties, regardless of where in the world it is. These major hotel chains need to put a stop to it as it only makes them look ridiculous.

    Oh, and one other point of fact I’d like to make – I wouldn’t buy so much as a dust-buster without careful consideration so WHY ON EARTH would I buy your crappy time share at $3,000++ without at least napping on the idea?

  • AlmaAugust 11, 2014, 8:47 am

    lo compre pensando que era una cosa totalmente distinta, nunca pense que habria tanto problema para usarlo

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