Before deciding if you want to hire a timeshare cancellation company, you need to be aware of some facts regarding the process. Most of these timeshares exit companies heavily market themselves through online portals and radio channels. Their advertisements promote the concept that the timeshare owners are subject to unfair agreements. Several timeshare cancellation companies claim that they can help the owners. But some end up making their clients’ problems even more complex.
For instance, some timeshare cancellation companies may advise clients to stop paying off their maintenance fees. But this will leave the owners with long bills and further ruin their credit score. Even worse can happen; some of these companies even consider foreclosure a successful exit. Keeping this in mind, this article has been prepared to find how you can find a legit timeshare exit company.
How Does Timeshare Cancellation Process Work?
If you possess a timeshare ownership and want to exit your agreement, you’ll need to know the entire legal process by heart. Several people find it tricky to terminate their agreement, even if their cooling-off period is active. But you must know that you can exit your timeshare contract. You must carefully pursue the legal cancellation procedure in the sales documents. If your rescission cool-off period has met the deadline, you should contact your timeshare company and request them to cancel the contract.
Then, the company will decide whether to cancel the ownership or not. Timeshare contracts will allow for a cooling-off period. Also, even the time frame will differ from state-to-state. If you buy timeshare ownership in another state, you may even be able to terminate the contract after the end of the rescission period. To be sure, check your state’s regulations to finalize the time you can exit your contract.
Several timeshare agreements contain a cancellation cool-off period, usually between 3 to 14 days. Several contracts may allow you to terminate them even after this period ends. The cancellation process isn’t impossible, so it will be practical to speak to your attorney before you start doing it. A responsible attorney will guide you to navigate the process rightfully and take you out of the timeshare contract.
Ways to Find a Legit Timeshare Exit Company
Before finally connecting to a timeshare cancellation company, you need to find and everything about that company. Please don’t pay for their services in advance and clear out all your doubts before working with them. Before handing them over any funds, you must check if it is a legit timeshare exit company. Here are some practical ways of finding legit timeshare cancellation companies:
Company’s Owner Services Department
The first step to contacting a timeshare cancellation company is contacting that company’s owner services department. In several cases, major timeshare chain companies will willingly purchase back the deeded week against a high-value resort. For instance, J.W. Marriott will usually purchase back a deeded contract at their high-end resorts for 10-15 percent of the original value. The amount the company will reimburse you depends on your ownership location, type, and if your mortgage is paid off.
Clients’ Testimonial and Feedback
A proven way of finding a legit timeshare cancellation company is looking for companies with excellent and positive feedback from previous clients. A legitimate timeshare cancellation company will consult with potent clients at all times and explain their fees and processes upfront.
You shouldn’t pay any upfront fee if you haven’t consulted with the company. If you are worried about scams, look for a timeshare exit company with positive reviews online.
Rules and Regulations
Another way of finding a legit timeshare exit company is checking if your state regulates the company. If the company has been in distress with the Attorney General or has been clutched swindling consumers, it’s a red flag. A legit company will always comply with your state’s laws and regulations. In addition, it is a great idea to check the company’s reviews on the online portal. This is a very crucial part if you are comparing multiple timeshare exit companies at once.
Summing Up for Ways to Find a Legit Timeshare Exit Company
You should check out their website without fail if you are searching for a legit timeshare exit company. Usually, the website contains the testimonials of their previous clients, which will help you to a great extent.
Also, check if the company has an A+ rating and affiliations with well-known & respected business groups. Checking clients’ testimonials, the company’s owner services department, and rules & regulations will help you immensely. So, if you think that this article was helpful, stay tuned to know more.