There are many timeshare investors who are no longer happy with their investments and want to get out of their contracts. There are those who simply could no longer afford the rising timeshare maintenance fees, and other have experienced a change to their personal circumstances or they can no longer travel due to illness.
If you try to cancel your contract yourself, you can save money yet you may need to spend time learning the different legal aspects of how and why you may be able to cancel your timeshare agreement. Timeshare exit solutions depend on where and when you signed up to purchase your timeshare product and how it was sold to you.
Another thing you need to determine is if you simply want to relinquish your contract or end it or if you want to be compensated back for the tactics they have used to make your buy it.
In most countries, timeshare buyers are protected by timeshare law directives in place. These laws, however, were not followed by resorts and sales personnel. These reasons are good enough to help nullify your timeshare agreement and contracts.
Proving which laws have been broken and which are the breaches of the agreement you have signed is very difficult. Success in your pursuit is dependent on how well your know and understand the laws since each state has its own timeshare and consumer protection laws. States in the US have their own timeshare and consumer protection laws and you can only be successful in your case if you know and understand these laws.
You can be a part of a special group of people who are able to give back their timeshares. If you are too ill to travel, over 75 years old, have a husband who is on the ownership contract that has died, or you are too poor to afford the membership fee, then you belong to the group that may be able to give up their ownership or give back their timeshare.
If you are attempting to cancel the contract by negotiating yourself directly with the timeshare resort, just remember that you need to cancel any finance such as loans or mortgages that are attached to the timeshare. Here you need to deal with both your finance company and the timeshare resort.
You should be ready with all the relevant paperwork and proof of purchase. If you are going to use laws, it should match the dates of your contract.
This is a difficult way of cancelling your contract but it is not an impossible one. The best thing for you to do then is to seek free advice to find the best solution to suit your needs. You will find a better way to solve our timeshare dilemma if you get timeshare legal advice. You can find out if your area and jurisdiction are covered and find our your rights under timeshare and consumer protection laws.
Terminating your contact and seeking compensation is possible with the help of a good consultant.