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So you Want to Cancel your Timeshare; why is this so Common?
On the timeshare industry websites, how to cancel my timeshare? It must be one of the top questions related to timeshare owners, who are tired of paying unnecessary fees every month.
We mean unnecessary now that they can't really enjoy the holidays they were promised by salespeople prior to their timeshare purchase.
One of the many complaints that guide people to terminate a timeshare contract is the denying of their own timeshare unit by the resort.
They claim it is not available for the dates owners want to reserve it, but when it is available online, it is, and it is cheaper. This obviously made them furious and disappointed.
Fees, charges and tax rates get higher over the years, as some others stated, "to the point it is ridiculous paying for a property I make use of only once a year, "pushing them to think" it is time to cancel my timeshare"
But the next doubt in question surges: "Can I legally cancel my timeshare?" Since the majority of the timeshare owners bought a property in a foreign country, this makes up for a potential scam by salespeople in the industry, which is extremely common among Mexican timeshare owners.
How Long Do I Have to Wait to Get a Confirmation on a Cancellation of a Timeshare Contract?
If you just bought a timeshare, and you feel like you were pressured to buy it at the timeshare presentation, then maybe you are wondering how to cancel your timeshare ownership and trying to get rid of your timeshare contract.
Read this article and find out how long you have to wait to get a confirmation on the cancellation of a timeshare contract.
Timeshare cancellation should be done as soon as possible. If you don’t feel happy with your purchase, then it is time to cancel your timeshare contract.
Most timeshare owners don’t know that there is a rescission period in every timeshare contract, this period depends on the country where the purchase was made. In Mexico, we have 5 business days.
If you didn’t know about this, I recommend you read the next articles
How long do I have to rescind my timeshare? – Mexican Law
Timeshare Regulations in Mexico
When can you cancel a timeshare contract?
What is Rescinding a Timeshare?
Can I legally cancel my timeshare? You may be asking, and the answer is that rescinding a timeshare contract is a way to legally cancel a timeshare contract, sometimes with the possibility of getting the money you pay back and with a certain number of days. As we mentioned before, in Mexico, the cancellation period is 5 days.
At the timeshare presentation, some timeshare salespeople ask you to sign away your right to cancel, but you still have the legal right to cancel your timeshare contract.
So now that you are wondering "how to cancel my timeshare?" you clearly have options and rights, even if you are in a different country.
Many timeshare purchasers want to cancel their timeshare after the rescission period has expired, making the process of terminating a timeshare contract more difficult, but not impossible if you're desperate and asking yourself how to cancel my timeshare ownership?
How to Cancel a Timeshare Contract?
How to cancel my timeshare? You may follow the next easy steps in order to do so:
1. - Read your timeshare contract very carefully and focus on the clause about the timeshare cancellation.
2. - Write a timeshare cancellation letter and send it to the timeshare resort via certified mail. In the cancellation letter, you have to include the following information:
- Your name is exactly the same as it appears in your timeshare contract.
- Your telephone number, your email, and your address.
-The name of the timeshare developer.
- The description of your timeshare property.
- The date that you purchased the timeshare and a statement that you are canceling your timeshare contract.
3. - It is very important that you keep evidence that you canceled your timeshare on time.
How Long Do I Have to Wait to Get a Confirmation on a Cancellation of a Timeshare Contract?
The process of terminating a timeshare contract usually takes about 15 labor days to get your money back and the timeshare cancellation.
Sometimes, the timeshare owner decides to file a credit card dispute, and the refund process may last more than the 15 days.
The credit card company will inform the resort that the charge is being disputed on the basis of timeshare fraud, telling them that they have to refund the money during the period of 45 to 60 days.
As you can see, canceling your timeshare contract that was sold under false promises is a complicated process that requires expertise and knowledge of the timeshare industry. For this matter, we will leave you with some advice on how to avoid scams when buying properties in the future.
- If you look up the words "cancel my timeshare" on the internet, never seek services from a timeshare resale agent. There is an 80% chance they will scam you.
- Be on the alert of salespeople putting you under pressure to sign a contract or being very insistent.
- If you have your timeshare on the resale market, do not trust anybody who claims to sell your timeshare on the same day for a good amount of money.
- Salespeople on the resale market are masters of manipulation, they will show you documents that look legit and official at first sight, so you fall for the resale. Don't be fooled.
- Make sure you know the background of the salesperson. You can check his name on review websites or blogs. A good idea is to know your resort background. You can find information about whether they are fraudulent or not.
- If you want to cancel your timeshare ownership, contact the resort you bought it from. They may help or advise you with selling it and know about the scams happening in the timeshare industry.
In conclusion
Buying a timeshare can be a great idea for you and your family to go on vacation. The dream comes true for people who wish to have their own private space for holidays in a different country, without having to buy the whole property, since they share the fixed costs with the other owners.
The rent of one or more hotel rooms is avoided, without having to pay each timeshare the requested rates in the resorts, which are increased every year.
We are not against the idea of purchasing a timeshare for you and your family's comfort.
We only advise you to be careful since, in Mexico, it's really common to fall for corrupt and, most of the time, illegal agencies that claim they can offer you help.
If you find it's time to terminate your timeshare property contract, just don't go ahead and sell it to whoever is calling you with a deal that sounds too good to be true, like we advised you before.
The timeshare ownership market has a wide range of sales people who call themselves "timeshare brokers", they are really dedicated to their business, and they are willing to do whatever it takes to make money by committing fraud.
They can even show you documents, addresses, phones and emails that seem official, as well as pose as the person who is willing to buy your timeshare for a good amount of money and convince you they are a reliable company to do business with, as they attract attention with misleading advertising, as the international travel journal indicates.
The best thing you can do for your economy and your own good is look for companies that are trustworthy and will legally help you to get rid of your timeshare or cancel it.
At Mexican Timeshare Solutions, we specialize in the cancellation of timeshare contracts purchased in Mexico. If your question is "Can I legally cancel my timeshare?" the answer is yes.
Our associates have full knowledge of the timeshare industry, and we are able to resolve timeshare scam cases. Contact us today for a free consultation and free analysis of your timeshare scam situation.
To receive more information about how long do you have to wait to get a confirmation on a cancellation of a timeshare contract, send a WhatsApp to +52 333 239 6589, fill in the form in the contact section or call us at +1 714 277 3662.
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To know more about timeshare cancellation, go to:
How to cancel a timeshare after the cancellation period has expired
Actually the resorts gives you like 5 days, that was the regular time to cancel the membership if you want, but i knew many cases that the resorts managers dont give you the official documents of your timeshare contract, so is impossible to cancel it in that time without that, good luck and stay sharp.
i had experienced 2 situations that involve the timeshare scam , me in the middle, 1 year ago a couple of friends sold us a mexican timeshare, at first we think that was the deal of our lives to my husband and i , before that we start to receive calls for salepeople demanding us to pay high maintenance fees , thousands of dollars, yes, big problem .
we make some crazy things, without thinking before on the consequences, by the way , these are another trap , in first place, if your are researching to get some timeshare on any place of the world, pls think twice, at first could be a good idea but the reality is like a nightmare that never ends...
If you are a tourist you must now that the first thing that you need to know is how terrible could be to get involved on a timeshare, timeshare field is very nasty and expensive, all the promises that the resort said are only lies.
We did one at the Mayan Palace in Puerto Vallarta. "Two hundred dollars" turned into "the equivalent of two hunded dollars in pesos" and 90 minutes turned into almost 3 hours. Mr. KS started going over the numbers with them (he's in finance) and of course that added about half an hour. But it was interesting to see and the almost-200 dollars paid for pretty much all of our food on the trip.
My other favorite part was when they made me go back to the room so they could verify that I was over the age of 23.
I wish it were possible to just walk away from our timeshare! It has been nothing but problems and I can't wait to just be done with it! It has cost us so much money and I'm sorry that we ever bought it. I know we will take a huge loss on selling it, if we can even do that.
timeshares are NOTHING but a scam. The salespeople tell you one thing, then once you make the purchase, you find out it was all lies. If you know anyone who is contemplating buying one, tell them not to waste their money. For the amount they would spend on it, they could easily take a vacation once a year, and they won't be saddled with maintenance fees, etc.
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