How to Rescind a Timeshare Purchase

So you just got home from a lovely vacation in thefor any possible delays like unreturned phone calls or
Bahamas where you were wowed by the bestsimply getting the run around and filling out any
vacation of your life and suckered into buying anecessary paperwork. The first thing you want to
timeshare you really couldn't afford believing that youdo, however, is to read your contract thoroughly to
were getting deal. Now that the ambiance offind the specific terms of rescinding your contract.
relaxation is no longer clouding your judgment, realitySomewhere on that gobbledygook document, in tiny
is starting to sink in: Oh crap! What have I done?little print, you will find your rights to rescind, the
Fear not, my friend. If your purchase is recent, itprocedure to make it happen and the number of
might not be too late to get out of your timesharedays you have to take action.
contract before it's too late. If you bought aTo ensure that your rescission goes smoothly and
timeshare in the US, you typically have 5 to 15 dayssuccessful, make sure you follow the procedures
to rescind (a fancy word for cancel) your contractexactly as they are presented in your contract. Write
though the rescission period does vary from state toa letter to the developer letting them know that you
state and can be as short as 3 days. If you boughtare exercising your right to rescind your contract,
your timeshare in Mexico, the rescission period is 5and include your name, your address, your contract
days. In the United Kingdom, it's generally 14 daysnumber and your date of purchase. If they have
while it's only 10 days anywhere else in Europe.their own rescission form, it might simplify the
The most important part of the rescission process isprocess or make it go by faster if you use their
to act fast since you don't have a lot of time, not toform instead.
mention the fact that you probably want to account