Cancel A Timeshare Contract After The Rescission Period
Have you already passed the rescission period for your timeshare? Still looking for a way to get out of the contract? Well you are not alone. When a consumer completes a timeshare purchase their salesman is supposed to inform them of a small window of time that they can cancel their timeshare contract. This small window of time is called the rescission period (Sometimes referred to as the grace period). If you are able to send in a cancellation letter to your resort within the rescission period you will receive all of your money back no questions asked. A cancellation letter must be in writing and should include the following info:
- The name of the timeshare company.
- The purchasers name as it appears on the contract.
- The purchasers address, email address, and phone number.
- The date the timeshare was purchased and the timeshare description.
Rescission periods can range from three days to two weeks, depending on the resort’s policy and the state that you live in. The right to rescind is non-waivable and is put in place so that timeshare owners have a chance to give their decision another thought. Here are few timeshare rescissions laws found in different states:
- In the state of Alabama the rescission period is 5 days long, not including Sundays.
- In the state of California the rescission period is seven calendar days long.
- In Florida the timeshare purchaser can cancel a timeshare contract until midnight of the tenth calendar day of the contract being executed
- In Nevada the purchaser has until midnight of the 5th calendar day after signing the contract.
The problem is that when you decide to cancel before the cancellation period has expired, resorts can be very hard to get in touch with. Resorts are aware that when new timeshare owners call in after just completing a sale that they are most likely trying to cancel, and they do not answer. Resorts will purposely not answer because they know how difficult it can be cancel a contract after the rescission period has passed. With a simple google search you will find stories from many timeshare owners that have attempted to cancel within the rescission period but the salesman that sold them the property is nowhere to be found. After leaving hundreds of unanswered voicemail some timeshare owners have even flown directly to the resort headquarters to attempt to cancel in person.
Below is a video of a woman that attempted to cancel a timeshare contract after the rescission period. She states that after returning home from her Wyndham presentation that her salesman and the title office was unable to be reached. To make things worse, this woman was told that she would be able to rent out her timeshare for a profit.
Woman Attempts To Terminate a Timeshare Contract After the Rescission Period
If you have already passed your rescission period and are looking for a way out of your contract we have the timeshare exit solution for you. Here at Redemption and Release we specialize in getting consumers out of their dreaded timeshare contracts. Our timeshare exit process has been fine tuned and perfected over the past 5 years. We are so confident we can get you out of your timeshare contract that we offer a 100% money back guarantee with all of our services. To learn more about our timeshare cancellation process please fill out the form on this page to receive a FREE consultation today.