Timeshare Cancellation? What does it really mean?
Indeed, the team here at Timeshare Relief Association would argue that thinking in terms of “cancelling your timeshare” is counterproductive to actually accomplishing your goal. It’s wrong thinking, manufactured by a shadow industry of backdoor dealers who profit from consumers so desperate for relief that they’ll turn to just about anyone.
Let’s take a step back and re-frame the matter a little differently.
Rather than asking “how do I cancel my TIMESHARE,” consider asking instead: “How do I get my timeshare CONTRACTS cancelled?” Because, to put it simply, these are two different questions.
When a consumer signs on the dotted line with a developer, they enter into an agreement that is legally binding. Though they may not like it, they have entered into a contract that is completely enforceable and which will, indeed, be enforced, unless fraud can be proven.
It’s a legal question, a legal issue – and so you’ll need a timeshare expert when it comes time to dispute, exit, or nullify that legal contract after the rescission period has ended.
Before committing to a timeshare cancellation company, thoroughly research and ask what exactly this company can and will do for you, the client.
In practical terms, what are they actually going to do? What are their methods? The vast majority of these internet-facing companies – when they even provide the services they’re advertising – simply interface with the resort or else charge the consumer to list their timeshare unit on a resale site; neither of these methods offers any guarantee of success, and both can easily be done on your own to the same result, without shelling out to a middle man.
Even redemption companies that have established ties to resort developers can’t genuinely offer a guarantee of success.
Most of these companies operate by means of informal inventory relationships with resort companies, who buy back bundled interests in bulk. There is never a guarantee that a developer will be willing to take back your interest – depending upon market conditions, your specific interest may not be easily re-marketable, and thus offers no value to the developer.
And, with all this being said, redemption is still not a genuine cancellation of your timeshare cancellation – you may still well be on the hook for many fees, debts, and interest payments if the deal, such as it is, falls through.
And this is to say nothing of the countless reports we see every year of online organizations promising to cancel, redeem, or resell timeshare interests and contracts, only to disappear altogether after the consumer has paid the upfront fee, leaving the timeshare owner on the hook for their obligation – perhaps with the added burden of even more debt.