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When timeshare owners decide that they no longer want their timeshares, sometimes the first thing they do is contact the resort to cancel the contract. But the resort gives them a lot of conditions to cancel timeshare contract.
We know that timeshares are not good investments at all because they have no value.
A timeshare may work if your plan is vacationing to the same resort every year, but still, you will pay more for the timeshare than vacationing on your own. You can learn a little bit more about timeshares at:
Buy timeshares – What’s the big risk about it?
Timeshares, are they a good purchase?
Is timeshare a good investment?
“Do you Want to Cancel your Timeshare? Don’t Worry, Just Pay Us”
Some owners realize that they cannot afford a timeshare after they made the purchase, and sometimes they decide to contact the resort to give back the timeshare or to simply cancel the contract.
But the timeshare resorts don’t accept timeshare cancellations that easy, they will give you many conditions to cancel your timeshare, being the next the most popular.
Conditions Given by The Resort to Cancel Timeshare Contract
1. - Timeshare downgrade: Most of the time, when a timeshare owner asks for a timeshare cancellation, the resort will offer a timeshare downgrade, which means lower the level of the membership, that way you will pay “less” for the timeshare fees, making the payments more affordable.
2. - Stop the charges: Some resorts offer timeshare owners who want to cancel to stop making the charges of the timeshare maintenance fees for a period of 6 months, some others offer until 1 year. This is with the condition to not cancel the timeshare.
3. - Pay a percentage: When the resort agrees to cancel the timeshare membership, they don’t do it for free; they tell the owners that they have to pay a percentage of the total amount of the timeshare ownership.The percentage can vary from 35% to 50%, depending on the timeshare resort.
The above are the most common conditions given by the resort to cancel timeshare contract, but there can be more.
As you can see, the timeshare resort will not let you go away from your timeshare that simple.
Besides, they don’t care if you are not able to afford the payments or whichever is your situation; if you don’t pay, they will send you to a collection agency.
How to Cancel a Timeshare Contract Regardless of the Resort?
If you tried to cancel your timeshare directly with the resort ,and they gave you one of those conditions to cancel a timeshare, but none convinces you, there is a good solution: hire a timeshare attorney.
If you hire a timeshare lawyer, he or she can help you cancel your timeshare contract without dealing with the resort. They will do all the work and all the negotiations for you.
At Mexican Timeshare Solutions, we specialize in timeshare cancellations. We have very experimented associates that can offer you help in fast.
Contact us to get a consultation on your timeshare situation and see how we can work together to cancel your timeshare contract.
Best of all, we do not charge anything upfront, and the consultation is totally free. It is time to get rid of your timeshare.
To receive more information about cancel 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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If you want to know more about cancelling timeshares, visit:
How to get out of a timeshare?
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yes totally agree with this articles, also resorts dont want you to go of course , is very simple how they can tell you such things like " no problem , just make an upgrade " or , " just cover all the maintenance fees left of your contract" just for mention ones, exist many ways to get you hooked to the resort, so by far the better way always is to dont get involved with the timeshare scheme.
Thanks for share, for this reason is very important to carefully read the terms of conditions , exist many clauses that may we not understand quite well, so the better way is to clear all our doubts before sign something , stay sharp and for own experience just avoid those timeshare contracts.
Do you know how long does it takes profeco to respond? I have sent my documentation and I'm waiting for their reply. I want to get out of this situation as soon as possible.
Well here I am feeling very disappointed in the news I’ve read. I have been having second thoughts of a timeshare I just purchased with Villa del Palmar and it seems i’m just two days out of the rescinding period. I really thought it would be something like 30days but I can just kick myself that I didn’t do this research earlier. I did look at my contract prior to the rescinding period but it states nothing about how to cancel. Since I now owe a mortgage on this timeshare it will be damn near impossible to get rid of it. I guess my only option is to pay it off and try to use it because even giving it away according to some will be hard to do. This idea of having this for life is not exciting.
How do I cancel a timeshare after the 5 days period? The resort refuses to give me the cancellation of the membership and they are threatening if I stop making the payments.
We bought in Royal Holiday and we don't know how to get out. The truth is that I feel desperated, I do not want to keep paying. I went to PROFECO but they didn't gave me hope to recoup what I paid. I don't want them to keep all my money. I am with all the disposition to pay you if you help me with this case.
we are from canada as well got sucked into occidental vacation membership sent our letter with in the 5 days registered mail now what do we do ? i have the email and phone number for the finance manager were we became members should i contact them?also would love to here from TIFF to see if anything has progressed as its the same as us thank you shelley
I am interested in learning more about the cancellation process. My wife and I are sick of paying for this timeshare that we do't use. Please your advice would be greatly apreciated since we can't afford to continue to make the payments.
Those persons only wants to gain more time telling you a bunch of lies ! dont look back and go forward to cancoel your timeshare, dont let pass time to do it , i lost A LOT of money waiting for the staff resort..
My husband and I purchased a timeshare in Los Cabos, Mexico, early in Jan 2015. The total amount was $12000 and paid downpayment of $2500 USD by credit card. We want to cancel our timeshare because is not much benefit of owning it. I emailed the cancellation request tp the hotel and still waiting for response. Is there still any way to terminate my timeshare contract?
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