Whether due to a change in lifestyle, a change in financial situation, or simply a desire to get out of their mounting payments and fees, many timeshare owners, in time, find themselves in a situation in which they no longer wish to retain ownership of their interest.
This leads to a very common question among consumers: “Can I cancel my timeshare?”
Our own Michael Finn recently took on this important question in a video interview, which you may view below:
And here’s a transcript of his remarks:
“The answer to that question is: ‘sometimes.’ But, generally speaking, if you’re past your rescission period you’re going to get a battle from the resort.
The best thing that you can do – if you find yourself in a position where you can’t or don’t want to continue with your obligation – is to contact your resort and be candid with them and tell them that you no longer can continue with the obligation and ask them if they can help you with a way to cancel your timeshare.
If they refuse to give you any help at all, your next step is probably going to be to hire a professional that is familiar with this kind of a contract. I suggest an attorney, and I suggest that it be an attorney with a lot of timeshare experience, because this is a field of law that not many attorneys get involved in. So I do recommend at that point in time that you get an attorney to have you navigate through this very, very difficult and legal process.”
For more insight on this timeshare FAQ, you may wish to peruse some of the resources below:
Led by Attorney Michael D. Finn with 50 years of experience, the Finn Law Group is a consumer protection firm specializing in timeshare law. Our lawyers understand vacation ownership as well as the many pitfalls of the secondary market of timeshare resales. If you feel you have been victimized by a timeshare company, contact our offices for a free consultation. Know your rights as a consumer and don’t hesitate to drop us a line with any questions or concerns.