Most people look forward to spend a great vacation with their loved ones all year long. Making use of this, the timeshare industry lures you to buy “timeshares” with high maintenance cost and rigid schedules, more than you could afford. If you feel like you have been cheated by a timeshare company, take immediate actions to cancel the timeshare. Contact a timeshare attorney and they could help you to get rid of it. Here are some important facts about timeshare cancellation that you should know,
- There is a recession or “cancellation” period in almost every states of the U.S, in which the consumers can cancel the timeshares that they have bought and obtain full refund. The recession period varies in each state ranging from 3 to 7 days. Details about this would be briefly written somewhere in your timeshare contract. Thus, go through it carefully.
- Some timeshare cancellation companies out there just transfer your timeshare to a “shell” company. When the resort sends them maintenance bill they do not pay, forcing the resort to initiate foreclosure. These shell companies have no assets and finally you would be held responsible.
Hence, it is always best to get a legal advice on timeshare when you have decided to cancel it.