If you have been involved in one of the many timeshare sales scams and you are looking for a way to get out of timeshare, then you have an option to exercise the right of rescission, also known as rescinding. The first thing you should be aware of is that there is a specific timeframe during which you are able to achieve timeshare cancellation, and that timeframe varies between different states. Each timeshare agreement has a so-called cooling-off period, during which you can cancel the agreement and get out of timeshare in the easiest way possible. Depending on locale, the deadline for cancellation varies between 3 and 15 days. If you don’t cancel the timeshare within that period of time, the procedure will become much more complicate and you will definitely need to hire a timeshare attorney.
Significance and considerations about timeshare cancellation
Even if you are a victim of timeshare scams, you should still be aware that you have signed a legal contract and you have to respect its terms and conditions. There are many people who file timeshare complaints, but everyone must follow the proper legal procedure in order to get rid of timeshare responsibilities. Check the contract for a copy of the rescission notice and make sure to use that right if you want to cancel the agreement. However, you can achieve timeshare cancel even if the contract doesn’t include such notice because the Federal law requires a cooling-off period of at least 3 full days. As for the rules and procedures of timeshare cancellation, they vary according to the location and the state under whose jurisdiction it belongs. Make sure to check the purchase papers and find information about rescinding of the specific resort. You should follow those exact instructions in order to cancel the agreement in the easiest way possible.
Contact the timeshare company
After you read the complete documentation and get familiar with the regulations of the state, you should call your timeshare company in order to talk to an authoritative employee, such as the head of the company, the manager or a supervisor of the customer service. Tell them about your timeshare complaints and make sure to stay strong on your decision. You should be careful because the employee will try their best to convince you that you would make the wrong decision if you get rid of timeshare, since they do not want to lose their profits. Send them a certified letter in order to stipulate that you want to cancel the agreement. Send the later without any delay by overnight mail, because otherwise you may miss the deadline. Make sure to copy that letter and all other documentation.
Conclusion
The timeshare companies usually allow their clients to send notice by fax or email, but you should still send your letter through certified mail and request a return receipt. That is the only way to get them to answer to your timeshare complaints. The letter must bear a postmark with a date that belongs into the deadline of your cooling-off period. If nothing else works and you don’t manage to get rid of timeshare, you should ask for the help of an experienced NY custody attorney.
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