What is the best way to get rid of a timeshare legally?
If you find yourself getting stuck with a timeshare you heavily invested in a while ago, you’re not alone. Several others get caught into tricky contracts that not only deprive them of the benefits of a timeshare but also have them stuck with future costs such as maintenance fees. Depending on when you decide to get rid of your timeshare, your list of options for getting out of the problem safely and legally changes. However, there are a couple of effective ways to look at if you want out of your timeshare ASAP.
If you’re still in the rescission period:
All timeshare sales come with a rescission period. This period is allowed for the timeshare buyers to reverse their decision of making their purchase by activating their Right of Cancellation. On average, the rescission period lasts between 5 to 15 days after buying the timeshare. However, this period varies from state to state in the USA and depends entirely on the state laws of where the timeshare is located and not where the timeshare buyer resides. Once you’re sure of your rescission period, you can safely go through with the cancellation of the contract without facing any hefty penalties as it is 100% legal.
If you’re not in your rescission period:
First things first, some states and limited timeshare sellers do allow an extended cancellation beyond the rescission period so it might be worth checking with the state authorities or your developer if you can get yourself an extension. However, if your rescission period has expired, speak to a team of experts from a timeshare exit company like the one at ETR to help you go through with a legal cancellation of the timeshare contract as they are fully aware of the processes involved.
Not only will we manage your documents by collecting only the necessary ones and rightfully submitting them, but we will also keep you posted about your cancellation at every step of the process. With over 15 years of experience and a proven track record of managing these problems, our team can also work around saving you money too while getting you out of your timeshare in an entirely legal manner. To safeguard your financial interests, we also ensure that no payment will be made unless we deliver what we promise.