How Can You Cancel Your Timeshare?

If you want to know how to get out of a timeshare purchase, you might want to watch this video now. It is not easy, but in some cases, it can be done. It is important to understand the contract first; in order to get out of the contract, the other party needs to be willing to release you from your obligations. In the majority of states, the cancellation period for a timeshare is between three and seven calendar days; during this time, the person can cancel and obtain a full refund.

However, in many cases, people only realize that they need to get out of the timeshare contract after this period has come and gone. If this happens, you want to look closely at the timeshare contract to see your responsibilities. If the timeshare is deeded, you may be able to transfer the property to another owner. If it is leased, you do not own it and will still have to pay any associated fees. Essentially, it all comes down to the specific contents of the contract that you signed.

If you work with a consumer advocate group, this may make it easier to be released from your contract and be free of any obligation.

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