Many Americans value a relaxing vacation. In fact, as many as 52% of survey respondents reported that they expected to go on a beach vacation in the next 12 months. It’s these vacation lovers that many timeshare companies persuade into buying a timeshare resort.
However, timeshares often become a greater burden rather than a great vacation deal. Unfortunately, many people often don’t realize this until it’s too late to get a timeshare cancellation.
How To Get Out Of A Timeshare Contract: The Rescission Period
The rescission period is perhaps your best bet for getting out of a timeshare. The rescission period is the time immediately after you’ve signed the timeshare contract. Within this period, you’re able to cancel your timeshare using a cancellation letter or by filing a complaint.
However, it’s important to note that the rescission period can last between three days to a week. Therefore, you aren’t given a lot of time to cancel your timeshare contract.
It may be in your best interest to contact a timeshare cancellation attorney as soon as possible to ensure your cancellation letter is received within the rescission period of your state.
After The Rescission Period
Unfortunately for some timeshare buyers, it may take longer than three days to a week to learn that a timeshare resort wasn’t the best purchase. However, it isn’t impossible to cancel a timeshare contract once the rescission period has passed. It just becomes a little more difficult to cancel the contract.
First, it may be in your best interest to check for any signs of fraud in the timeshare contract. Misrepresentation of the property can often be grounds enough to get out a timeshare contract.
If there’s no sign of fraud, a timeshare cancellation attorney is your next best option. Although the cancellation of the timeshare contract may be more difficult after the rescission period has ended, it’s possible for a timeshare cancellation lawyer to assist you through the cancellation process.
Timeshare properties can cost many Americans thousands of dollars in maintenance fees and repairs every year. To learn more about how to cancel a timeshare purchase, contact a timeshare cancellation attorney at the law offices of Susan Budowski today.