You might´ve just purchased a timeshare in Mexico when reading this article. If you are not sure you want to "own" a piece of paradise in Mexico, you can cancel your timeshare contract and recover your money if you purchased with in five days.
If you have purchased a timeshare in Mexico but have cold feet, it is possible to cancel your contract and recover the monies you have paid so far.The cancellation of a timeshare is divided based on how long ago you purchased your membership; if you purchased within 5 business days, you should be entitled to the cancellation of the contract as well as a full refund of your deposit; if your purchase was more than 5 business days ago, do not dispair, there is also help you can receive to stop paying for your timeshare.
Timeshare cancellation Letter Sample within five business days
If you purchased the timeshare within five business days from today (Saturday and Sunday don´t count as business days), you can cancel your purchase by requesting so to the timeshare resort. First of all, you must submit a document requesting the cancellation of the contract and the refund of your money specifying that you will expect to receive the amount paid, 15 days after receiving the document. This document must include(you can find a timeshare cancellation letter sample below):
Address
Phone number
Email
Contract number
Full name
Contact information
Body of the letter where you will be requesting the cancellation
Date of the purchase
Your signature
It is important to send it during the time frame established by law and save the receipt, which endorses that the document was received within the time limit; it can be the receipt from the mailing company provided to you or a copy of a sent email.
The shipping methods NOT useful as evidence of your cancellation request are:
• When you hand deliver the letter and seller signs you a document accepting it (salesman or manager might claim the signature is not theirs).
• By fax, because the date that appears in the document can be modified.
• By phone, because everything was verbal and written evidence isn´t evidend of your cancellation request.
It is very important to keep all copies, to show that the document was sent during the period established by the timeshare law.
Another aspect to keep in mind is that many timeshare resorts will not answer back to your cancellation request and you will, most likely, have to use the services of a lawyer or a company like Mexican Timeshare Solutions to assist you recovering your downpayment and also cancel your contract. If you submitted your cancellation request more than 15 days ago and the resort is not answering back or denying the cancellation of the contract, contact us now to explain you how MTS can recover your deposit back.
Timeshare cancellation after five business days
If your purchase was made more than five business day ago, the cancellation becomes more complicated but not impossible. The resorts will put obstacles and traps to avoid cancellation but the cancellation of a timeshare contract is achievable with the assistance of MTS
Another drawback for contracts that have passed the 5 days to cancel prescribed by law is that that if you don´t cancel your contract propertly you might be facing:
- Being sent to collections
- Having your credit rating affected
- Calls from debt collectors requesting money
- Lost of any chance of recupe any money given to the resort
If you are still convinced that you no longer want to continue with your timeshare we recommend you to use the legal path and not only stop making payments; failing to so, will definitively affect your credit score and ruin your plans prepared for the future.
The following are timeshare cancellation letter sample that can serve as a guide to send your letter requesting the cancellation of the contract:
Timeshare cancellation letter sample 1
Your Name
Your Address
Your Email
Your Telephone number
Resort’s Name
Resort’s Address
Resort’s Telephone number
Date
To whom it may concern:
Describe why you want to cancel your contract, include contract number in the drafting and likewise request the cancellation and a full refund, mentioning that you are within the 5-day cancellation period established by Mexican timeshare law.
Sincerely,
Signature and Name
Timeshare cancellation letter sample 2
3652 South Ave.
Lancaster, CA,46836
Jsmith@yahoo.com
639-766-3629
Royal Holiday
Resort’s Address
555-627-8800
July 1st, 2012
Subject: Cancellation of contract JLMK52396
To whom it may concern:
This letter is to inform you of my intention to cancel the timeshare contract number: JLMK52396 which was purchased by John Smith in accordance with article 56 of the Federal Consumer Protection by Mexican timeshare law. I request a full refund of my deposit and the cancellation of any future deposits found in the contract.
Please take a note in an event I do not hear anything from your company contrary within 15 days of reception I would assume that my contract is cancelled accordingly
Sincerely,
John Smith
Timeshare cancellation letter sample 3
6391 South Ave.
Lancaster, CA,52649
caroljames@hotmail.com
957-334-7614
Mayan Palace
Resort’s Address
744-469-6003
May 7, 2012
Regarding contract JLMK52396 for purchase of a timeshare at Mayan Palace resort. Which was purchased on 05/06/2012.We are exercising our legal right to cancel this contract, according to Mexican Consumer Protection Laws. We expect a full refund of our deposit of $30,000.Please do not make any additional charges to my credit card or any future payments. Please confirm that you have received this legal timeshare contract number: JLMK52396 rescission in writing.
Sincerely,
Carol James
We hope that this timeshare cancellation letter sample can help you.If you already sent your cancellation letter within 5 days and have not received an answer from the resort after 15 days, don´t despair Contact us, at MTS we will offer a free consultation to advise you on your case, get your money refunded and cancel your contract.
Contact Us
WhatsApp: +52 333 239 6589
Phone: +1 714 277 3662
Email: info@timesharescam.com
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Leave your comment below and share your opinion with us. To know more about timeshare scams go to: Timeshare Rental by owners
Necesitamos cancelar 2 tiempos compartidos. ¿a cuanto ascienden sus honorarios?
My wife and I were also scammed with a Royal Elite timeshare in Playa del Carmen last August. They promise you everything and deliver NOTHING! We were sucked in by their promise to get us a balcony for an inside cabin rate. We do alot of cruising and thought-Wow this is really a great deal. However, it turned out to be more of a great rip off since everything they told us was a lie. Fortunately we only joined the club and NOT buy the Royal Elite timeshare membership. That was enough though. $2,000 down t he drain. They gave us 4 of those worthless vouchers for Sandos resorts which are also worthless. That HSI exchange is suppose to sell the vouchers for you at at least $500 is also abunch of bull. Please don't fall for anything that has Royal Elite's name on it. I'm in the process of calling the BBB and seeing what they can do. Possibly the attorney General also!!!!!!!!
How do i cancel a contract made via over the phone with timeshare by owner? Do i call timeshare by owner or cancellation company?
” Angels Dreams Makers S.A. de C.V.
esta empresa me de fraudo mañana mando la cancelacion soy el mismo nada ms q no pude abrir el otro correo disculpen este si lo tengo
Sky pack este plan me ofrecieron con mucha entuciasmo pero cuando lei el contrato me distrajeron y no termine de leerlo y dice todo lo contrario me amole q hago mañana mandare mi carta a paqueteria esta es la empresa
” Angels Dreams Makers S.A. de C.V.
Que mal que no lo vi antes, y coincido con varios comentarios, no lo parece pero estas ahí por horas, te estan dando la "oferta de tu vida" y por más que dices "pero" ellos vienen con algo nuevo, lamentable y tontamente caí, afortunadamente aún estoy en los 5 días para cancelar, gracias por el ejemplo de la carta y espero que no sea tan doloroso el preoceso para recuperar el pago inicial. Nosotros firmamos con Royal Holiday
Fui estafada por tiempo compartido en el hotel krystal en mexico,ustedes no pueden ayudarme porque tienen muchos casos,profeco me pide que ellos me aprueben la carta de cancelacion pero no quieren, yo vivo en chile y no se que hacer.
I just read your article, I thank you now I can rest easy!
Really nice article, I am one of the few lucky ones that ran away before they talked me into it. Sharing your experience talks very good of you. I will share your information with my friends and family in need of your services. Cheers!
Fui a Cabo San lucas en el mes de mayo de este año y compre un tiempo compartido en Villa del Palmar al 3 dia regrese porque no queria seguir con la compra y ellos me dijieron que no podia cancelar mi contrato que la unica manera era que tenia que pagar todo el down payment y que entonces podia terminar mi contrato pero ellos se iban a quedar con todo ese dinero que serian como 2,500.- dlls. y entonces me dieron mejor precio y no quiero tener problemas con mi credito porque estoy tratando de mejorarlo y por ese motivo me tube que quedar con mi contrato. Me senti muy confundida porque me trataron de una forma muy agresiva y al fin se salieron con la suya. Que puedo hacer?
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