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The timeshare industry has been in the lion’s mouth for the last couple of years, and it has generated lots of controversy and discussions in many forums and blogs on the web.
However, since we’re living in an economic downturn, anyone would expect that the timeshare sales would collapse, but instead, the sales seem to be increasing, but this comes with a trap: timeshare scams are increasing too.
That leads us to the question: then, why keep people investing in timeshares?
Well, the first thing we have to understand is that timeshares are not investments but a purchase that requires lots of expenses a year.
The thing is that the timeshare salespeople use rhetoric as a massive weapon, bombarding the potential victims with lies and practically pushing them into getting a property.
So, for those who already fell for a timeshare scam, you might ask yourselves: How do I cancel a timeshare? Is it a viable option? Find out the answer to those questions by reading the rest of the article.
Cancel a Timeshare: Why is it the best option?
Many owners don’t know how to get rid of their properties, and a big part of them have been trying to do it for years.
They were told that they could rent their units out and even make a profit, or that they could resell the timeshare very easily and for a higher value.
That sounds like a good deal, doesn’t it? But then, if you take a look at eBay, you’ll see several timeshare offers for a buck or even less! That’s because renting or reselling a timeshare is not an easy task at all; in fact, it is almost impossible.
Therefore, the canceling a timeshare becomes the easiest way to dump a property.
Cancelling a Timeshare: The Advantages
There are numerous advantages when you cancel a timeshare. It is not only the easiest way to dump a timeshare but also the most effective solution.
We'll give you ten reasons to think about why to cancel a timeshare is an efficient alternative:
- No more threating calls
- No more maintenance fees
- No more attachments to the company
- No more unnecessary responsibilities
- No more debt
- No more special assessment fees
- No more credit problems
- Freedom to go anywhere
- Financial stability
- Sense of relief
For those reasons, among others, we consider that timeshare cancellation is an efficient alternative.
How do I cancel a timeshare?
Every timeshare contract must mention a rescission period that goes normally from 5 to 10 days, depending on the regulations established at the place where you bought the property.
In Mexico, that rescission period is on a 5-day record, and then you have 5 days to inform the company that you want to cancel the contract.
Nevertheless, in most cases, people look to cancel the timeshare when the cooling-off period has already passed.
In those cases, it is advisable to contact an expert. There are various timeshare cancellation companies that claim to help people who are victims of a timeshare scam, but still, many people don’t trust these companies, which is completely understandable given that the timeshare industry is full of scammers.
That is why it is always important to research a company before making any kind of deal with it. You also have to remember that to cancel a timeshare, you don’t have to pay an upfront fee.
Mexican Timeshare Solutions works on a contingency basis and only collects a fee if the contract is fully cancelled; otherwise, no fee is charged.
Contact MTS for a free consultation and full advice on your timeshare matter. It’s time for you to get away from that contract.
To receive more information about how to cancel your timeshare, send a WhatsApp to +52 1 333 239 6589, fill out the contact or call us at +1 714 277 3662
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Leave your comment below and share your opinion with us. To learn more about timeshare scams, go to: Timeshare ownership
My parents have me listed with a timeshare company to inherit their timeshare. I don't want anything to do with it, but I don't want to insult them. I see it as being given a bill in the form of annual maintenance fees. Is there a way to disinherit the timeshare when my parents pass?
I also have a timeshare which is draining me financially. I need to get rid of it even if I take a loss. Is it better to let it go into foreclosure now since my credit is already poor?
el deshacerte del estres y de estar perdiendo tu dinero en algo absurdo es para mi una gran ventaja
muy buenas tardes, Yo soy de reynosa tamaulipas mexico, y en junio de el ano 2012 adquirimos un tiempo compartido de el resort Mayan palace y tambien nos enganaron con mentiras y verdades a medias, y he estado checando el contrato y en ninguna seccion viene el plazo de los 5 dias para cancelacion de el contrato pudiera apelarse algo por ese conducto, fijese que ya hemos dado algo de dinero en las mensualidades yevamos aprox 2 anos pagando.. estare pendiente de su respuesta gracias..
I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.
I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.
dejar de pagar algo innecesario siempre es una gran ventaja!!!
This is really one good article. It could really be frustrating sometimes to sell timeshares because majority of the timeshare owners also want to get rid of it because of the high maintenance fee that you have you pay annually.
no more problems and stress, that's more than you can ask!
desde que mencionan el "cancelar" ya es una ventaja, creanme, tener un tiempo compartido, es un martirio
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