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Canceling Your Timeshare In New York

Canceling Your Timeshare In New York

April 25, 2018 – by Primo Management Group

Canceling Your Timeshare In New York

Timeshare agreements are notoriously rigid but, thankfully for you, cancelling your timeshare in New York is possible. Keep reading for practical information on how to cancel a timeshare in New York.

Act Fast

Under Section 24.3 of New York timeshare laws, you have the right to cancel a timeshare contract within 7 business days of the date your contract was executed. This 7-day window is referred to as a “cooling off period.” This right to canceling your timeshare in New York cannot be waived.

You can submit your notice to cancel by mail to the timeshare seller. In which case the seller must refund all payments within 30 days. If you live in New York and buy a timeshare in an area outside of the state that happens to have a cooling-off-period lasting longer than 7 days then the longer period will apply. Regardless, all cooling off periods must be at least 7 days.

How To Protect Yourself When Canceling a NY Timeshare During the Cooling Off Period

how can i get out out my new york timeshare

If you decide to cancel your timeshare agreement during the cooling off period (i.e. within 7 days of signing the contract) make sure that you put your cancellation notice in writing and mail it via a certified letter. You should also request a return receipt. If you’ve done all the timeshare company has not promptly refunded your investment give in touch with us at Primo Management Group ASAP!

The Problem

The problem is that many timeshares that may have looked great during the cooling off period often end up being complete wasters of your money. Lifestyle changes (like moving) and rising management fees can leave you stuck, paying for something you don’t want for years. Canceling a timeshare contract after the 7-day “cooling off” period has passed can be very, very  difficult.

What If The Cooling Off Period Has Expired?

ending a timeshare contract in new york with the cooling off period

Canceling a timeshare contract after the cooling off period after the cooling off period is not easy. Both the buyer and seller, however, do have the option to terminate their timeshare agreement if and whenever they feel the other part is in breach of contract. This may happen in cases where, for example, the timeshare owner fails to pay the agreed upon management fees. If either the buyer or seller fails to meet the requirements of their timeshare agreement, the other side may legally try and recoup their financial losses via collections and other avenues.

Potential Loopholes

Timeshare owners are sometimes able to legally get out of their timeshare contracts if they can prove that they were sold their timeshare under false pretenses, or if they can show that they were initially attracted to buying said timeshare via advertising and or marketing materials which did not explicitly identify itself as timeshare-focused promotional material. Timeshare buyers may also be able to get out of their contracts if and whenever they weren’t provided with what’s called a “Timeshare Public Offering Plan” by the seller. If this sounds like you, give us a call!

If are struggling to safely get out of your New York based timeshare contract The Primo Management Group can help. Give us a call today at (407) 627-1179.

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Get A Free Consultation

Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. Let us help you. Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, the resorts are loath to give back the money they’ve already taken for timeshares.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.