Mexico tops the list for many reasons when it comes to timeshare companies. Due to the country’s incredible beaches, fabulous weather, affordable lifestyle and great cuisine, Mexico is a very popular location to purchase a timeshare or join a vacation club. Timeshare developers concentrate on the best tourist spots like Puerto Vallarta and Riviera Nayarit, Cabo San Lucas and San Jose del Cabo, Riviera Maya, Cozumel, and Cancun for good reason. However, despite the many advantages of being a timeshare owner in one of these Mexican destinations, the question of how to cancel a timeshare is sometimes asked, usually by those who are having cold feet or who have been told by friends that their timeshare is just too good to be true (therefore, it must be a scam, right?).
How do I cancel a timeshare directly with the resort?
Under this umbrella, I receive related questions such as:
What happens if you have changed your mind and want to cancel your timeshare?
Do I have to hire a timeshare lawyer to cancel a timeshare on my behalf?
Are timeshare cancellation companies scams?
Therefore, this article aims to address these issues related to how to cancel a timeshare directly with the resort.
Can I change my mind and cancel a timeshare?
This is a tricky question. It totally depends on how soon you change your mind. Let’s put a different perspective on it. How likely is a jewelry store going to refund your purchase of an engagement ring if you return it saying that you have changed your mind? How long do you have in shoe store to return a pair of leather boots for a full refund because you now don’t like the color? Obviously, just like with your local retailers, in timeshare every consumer has rights, within a reasonable timeframe. For this reason, in Mexico, timeshare companies and consumers are protected by a rescission period (cooling off period). Both consumer and timeshare company are protected by this provision. The consumer gains the right to cancellation within a specified time and the timeshare company is protected from people claiming that they are a scam or trying to cancel a timeshare months after a purchase.
Can I cancel a timeshare directly with the resort or do I need to hire a lawyer?
After you have signed the timeshare contract, you have made a binding agreement, but you still have some time to be able to cancel the timeshare, but only if you do so during the rescission period. If you want to cancel a timeshare during the rescission period, you can do this directly with the resort with no need of a lawyer. You should make contact with the resort and ask them how long the rescission period is for your membership and what the steps are to carry out the cancellation.
After the rescission period has passed, how do I cancel my timeshare?
No matter what you might hear from scammers, you cannot cancel a timeshare once the rescission period has expired. If you are told something to the contrary then be very careful that you are not walking into a scam. There are many different companies that specialize in timeshare cancellations that claim that their professional team can handle all types of timeshare cancellations. Often they claim that their services are free and effective, neither of which are true. Ask anyone who has tried to cancel a timeshare beyond the rescission period and they will tell you it is not possible.
Beware timeshare cancellation companies
The timeshare cancellation companies are very charming and endearing, despite offering services that they simply cannot legally deliver. This is why timeshare members continue to fall for timeshare cancellation company scams. To be honest, the timeshare cancellation companies tell you exactly what you are wanting to hear, even if it is all lies. You will be charged a hefty fee, and you are made to believe that your timeshare has been cancelled, but in reality you have just defaulted on your timeshare membership loan payments. Just call your resort to check! Always remember that you can’t cancel your timeshare membership once the rescission period has expired, so anyone promising you this is just lying to you! You will also find that timeshare cancellation websites are full of defamatory information about the most popular timeshare resorts in order to convince consumers that timeshare is a scam.
So remember, you can cancel a timeshare directly with the resort, but only if the rescission period hasn’t expired.