Top 3 Ways to Get Out of Your Timeshare Legally

Timeshare may have been an attractive investment for those who dream of having their vacation property where they can escape from time to time. However, it can quickly become a financial burden, which can stir feelings of anxiety and stress regarding the payments, upkeep, and other factors that could potentially make it costly in the long run. You might even find yourself looking up ‘how to get out of my timeshare legally’ out of desperation. To save you from the trouble, we’ll share the top three ways to exit the timeshare legally, so you can act fast and free yourself from an unwanted financial obligation: 

Get out as soon as you can – Timeshare contracts have a cooling off or rescission period where you are allowed to get out the commitment without being fined or going through too much trouble. If you have recently purchased a timeshare and you suddenly change your mind, act quickly, and cancel immediately. 

Take note that timeshare law differs per state, so read up on the regulations in the state where you bought the property to learn about the rescission period. In Florida, you are allowed to cancel the contract until midnight of the 10th day after you signed it or the day you received the last required document, whichever happens later. 

Cancel in writing – As you do your research to get out of a timeshare legally, you are likely to find advice that your contract will indicate how you should rescind. In most cases, it must be done by writing a cancellation letter to the company that sold you the property. Be sure to include critical information (i.e., the current date, your name as it appears on the contract, contact details, timeshare company name, description of the property, and date of purchase) followed by a clear and concise statement of your cancellation. 

You do not have to give a reason why you want to get out of the contract. Just be sure to deliver the letter according to the contract's instructions, and that it should reach the timeshare company on time. 

Getting out when it’s too late – Sometimes, it would take weeks, months, or years before you change your mind and decide to get out of a timeshare contract. In that case, there is a lot of information on educational platforms and advisory services to walk you through your options. Most of the time, the process will involve working with a timeshare lawyer.

Advocate Financial Services is a Licensed Bonded Financial Educational Platform that employs to assist their customers in managing their debts. They have an experience of over 25 years in serving their customers concerned with financial and debt related matters such Consumer Debt settlements, Transfer of ownership and Timeshare Contract Cancellation. They are adept in providing strategic advice and cater trusted consultation to customers for them to succeed in meeting their goals. 

Email Address: info@advocatefinancialservices.com

Phone Number – (866) 519-7368

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