• May
    08
    2020
  • 3 min read

4 Factors That Play A Role In Cancelling Your Timeshare Contract

cancelling your timeshare

Free Consultation

The reason agencies insist on you contacting them for a free consultation to cancel your timeshare is because there are several factors that need to be discussed to see not only if it can be done, but how long it will take. Not all timeshare deals are the same and it requires an experienced person to take the time to go over the situation to understand whether or not you have options in this matter. The free consultation can take place in chat through the website or over the phone, but it’s needed to get the facts about your situation and help you to set realistic expectations. Here are four things that will play a role into whether or not your timeshare can be cancelled.  

Location

If the timeshare is not in the United States, then you have a very small chance of getting it cancelled. The reason is because there are fewer regulations that have to be followed by resorts overseas which means you have less protection. Certain states offer better opportunities to get the agreement cancelled than others as well.

Company

The company that owns the property and is holding the agreement will play a big role in this matter as well. Keep in mind, it’s not the company that marketed to you, it’s not the company that met with you and sold you on the deal, it’s not the people who manage the property or even the people who take your money every month. That’s why you have to know exactly who you are dealing with and who to contact when you want out of this agreement.

Mortgage

If you had to take a mortgage or loan out to cover your costs for the property, then chances are it’s going to make things even more difficult. The reason is because whomever the loan is with will insist that they are paid in full.

Fees

Monthly fees are another thing that can slow down the process and make it more difficult to cancel the agreement. If you owe hundreds or thousands of dollars then you are already at a disadvantage and this may make the process take longer. While you understandably do not want to pay another dime for this property, being behind in fees is actually a disadvantage for you.

The best way to know if you can get your timeshare agreement cancelled is to take the time to go over your situation with an expert team.

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