There are many reasons why timeshare owners want to cancel 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.
Although you can save money trying to cancel the contract on your own, you will face many difficulties in trying to learn the legal aspects to canceling your timeshare agreement. Each timeshare exit solution depends on where and when you signed up to purchase your timeshare holiday product and how it was sold to you.
You also need to ask your self if you are just relinquishing or cancelling the contract or if you want to be compensated for the way they have used unfair tactics to lure you into buying the timeshare.
There are timeshare law directives in place in most countries to protect the timeshare buyer. But, these laws were not followed by the resorts or their sales personnel. You may use this as a reason to nullify your timeshare agreement and contracts.
It is quite difficult to prove which laws and breaches of the agreement that you have signed have been broken. 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. Those who are too ill to travel, those who are 75 years or older, those whose partner has died and whose name is on the ownership contract, those are too poor to pay the annual membership fee.
It is important to cancel finances such as loans and mortgages attached to the timeshare if you attempt to cancel your contract directly with the timeshare resort. So you will need to deal with your finance company and the timeshare resort.
You should be ready with all the relevant paperwork and proof of purchase. You may need these and the dates that you signed need to match the laws that you are looking to use.
Although this is not impossible, it is not also that easy. 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. With the proper advice you can find out your rights under timeshare and consumer protection laws.
With the help of a good consultant, you can terminate your timeshare agreements and pursue the timeshare company for compensation.] If you seek the help of a good consultant, it will be possible to terminate your contract and seek for compensation.