Why Would You Want to Legally Cancel Your Timeshare Contract?

Vacation Ownership Frustrations

There are plenty of elements of timeshare ownership that can leave you feeling overwhelmed and disappointed at the same time. Thousands of people aren’t sure where to begin when it comes to explaining their experience. From booking frustrations to being taken advantage of, they’ve seen it all. But, is it enough for them to see value in legally cancelling their timeshare contracts?

What most timeshare owners can relate to..

After speaking with thousands of timeshare owners, the most common disappointment seems to always surround regret. They can’t believe that after all this time they actually thought things were going to get better. That they would eventually be able to use their timeshare how they imagined. Plenty of travelers anticipate having immaculate vacation destinations at their fingertips that they can “share” with close friends and loved ones when they initially purchase fractional ownership. But sometimes, it just never transpires. So, why wouldn’t you want to legally cancel your timeshare contract?

Over the last decade, more and more timeshare owners have realized their vision of vacationing is no longer feasible. Unless they’re able to escape the agreement they signed, their ability to travel is hindered. Many quickly realize they’re never going to get anywhere with the resort. There comes a certain point in time that they simply want to speak with someone that cares. They want to find a solution with someone that can genuinely help them eliminate the mistake they signed off on. But, the manipulation and sales tactics of the timeshare industry has them worried about where to turn – and rightfully so.

Why You’re Considering a Legal Timeshare Cancellation.

When you’re getting little to no return on an investment, it can be quite frustrating. The thing is, most timeshare owners don’t just want to get out of timeshare contracts – they have to. Some simply cannot afford the ever-increasing fees. The small timeshare purchase that sounded so amazing in the beginning has now turned into a carousel of forceful upgrades and broken promises. If you’re in this situation, you may want to legally cancel your timeshare contract, but another payment can be daunting. The thing is, the cost of continued ownership can take a far bigger tole on your finances.

What Might Happen if You Don’t Cancel

Contractual obligation forces many timeshare owners to make the most of their situation. So, after being led to believe you had to upgrade packages in order to make the property worthwhile, the heftier payments become disheartening. This is even less than ideal if the initial investment was too burdensome in itself. Unfortunately, timeshare companies could care less about the impact the timeshare has on your finances. They’ll continue to do their best to distract you with shiny objects as long as you continue making payments. Even when the mortgage is paid off, your hard earned money is still funneling towards an investment with no return. Small increases in maintenance fees or unexpected assessment costs are an added frustration that seem to only make matters worse.

The Resort’s ability to close you and cause you feel trapped allows them to profit immensely. What’s sad is your payments are covering the costs of their sales presentations and “giveaway” events. You’re really left with no choice but to take action. Even though you might really want to legally cancel your timeshare contract, selling or renting might seem like the better option. Why wouldn’t you want to try to recoup some of the money you’ve lost? The thing is, options that seem like obvious solutions can actually set you back even further.

“Obvious” Solutions May Add to the Problem.

Mike Cantrell, the co-founder of Vacation Ownership Consultants, has been studying timeshare tactics for a good part of the last decade. He understands the nature of the business and what it can do to people financially. He believes “the head of the serpent really presents itself when the owner tries to sell or donate the unwanted property and they realize they cannot.” Timeshare owners may believe that selling or renting their property is a no-brainer, but it can become a problem when they’re unable to find availability.

Why Selling Your Timeshare is Difficult.

Many timeshare owners don’t realize that listing and selling a timeshare is very difficult. They assume it’ll work out in their favor. Even after they make the decision to list their timeshare, they have to deal with the reality that they’ll be lucky to recoup 50% of their initial investment. (Most are around 20-30%!) Keep in mind, these numbers only speak for timeshare owners that were actually able to get rid of their timeshare. There is no guarantee that renting and selling platforms will work. If you take the time to do your research, you’ll find that there isn’t much of a reseller market after all. Resellers will gladly take your listing fees without mentioning closing probability is extremely low.

The reoccurring fees that timeshare owners experience is normally enough to persuade them that any return on investment is a win at this point. But, the timeshare industry is a well-oiled machine full of misleading tactics and strategies. Inevitably, most timeshare owners land right back where they started. Doesn’t this alone make you want to legally cancel your timeshare contract?

Mike goes on to explain how “many timeshare owners pay thousands of dollars to ‘listing agencies’ or realtors, only resulting in more lost money and further disappointment.” Once again, timeshare owners place their trust in another sales focused process that leaves them feeling like they’re being held hostage. At the end of the day, most of them watch 5 more months (or even years) go by only to be charged more fees with less vacation time.

One of our clients went as far as describing selling as: “throwing good money after bad investments.” If there’s a high probability this happens to you, why wouldn’t you want to at least consider legally canceling your timeshare contract? You might think your situation is different or that it can’t happen to you – but, thousands are burned during this phase of timeshare ownership.

The obvious solution might seem like the answer to all your problems, but the risk of digging a deeper hole should weigh on your decision here. Do yourself a favor and dig into the facts surrounding the services you’re considering. If you’re sold on taking this route, try to avoid impulse decisions and cheap options if you really want to get rid of your timeshare contract.

Don’t Believe Everything You Hear

Aside from resale scams, there are plenty of ways resorts, attorneys, realtors and other agencies try to milk your initial timeshare purchase. Even if you avoid one scam, there are plenty of others lurking in the background. The knowledge at our company regarding ownership is unmatched in the industry. “The federal government has shut down hundreds of these predatory agencies looking to scam thousands from desperate timeshare owners seeking a solution to their liability,” says Mike. This is good for companies like ours, that value helping you legally cancel your timeshare the right way – but it shows how severe the problem really is.

If you’re looking for a company to assist in timeshare relief, then start by reviewing their reputation. Tons of companies change their branding and business name once timeshare owners catch onto their lack of competency. If they’ve been in business for 4-5 years then they’re probably doing something right. Read between the lines of presentations and do your best to research the companies offering you solutions. If something isn’t adding up, don’t believe the hype. If you feel pressured to cancel your timeshare contract, then just walk away.

Legally Cancelling a Timeshare Starts with Quality and Integrity.

Although the reality of timeshare ownership may seem overwhelming, we want you to know change takes time. “Over the course of the last few years, many lawsuits have been filed against these massive conglomerates for deceptive practices and fraud. Certain attorneys have managed to prove their cases against the billion dollar organizations and have pioneered ways for owners to eliminate the unwanted property without requiring them to sell or donate the property.”

In other words, there is light at the end of the tunnel – even if the future of timesharing looks bleak. Eliminating the unfortunate scenarios many timeshare owners experience is now becoming a priority, which is a really good thing. Hopefully the action taken by government and consumer protection programs discourages similar tactics moving forward.

We understand that many timeshare owners view relief programs as the enemy – and rightfully so. Resorts don’t necessarily paint us in the best light either. But, we want you to know that changing this perception is a priority at VOC. Over the years, we’ve stayed true to our ethical approach because helping you legally cancel your timeshare contract requires a high level of integrity and customer service.

We don’t want you to be nervous about next steps or worried things won’t work out in your favor. We want you to be comfortable with and confident in every step of our cancellation process. Since 2014, we’ve taken the necessary steps to qualify each of our clients before moving forward with action plans. In the end, this has allowed us to exceed expectations and satisfy our clients.

Taking the time to thoroughly research the companies you do business with will help you avoid scams in the near future. If a suggestion seems too good to be true, then it probably is. Don’t overthink the process and always lean towards the quality, reputable solution.

How We Legally Cancel Your Timeshare Contract

Getting out of a timeshare contract requires a lot of diligence and organization. That’s why we encourage you to exhaust all options before attempting to legally cancel your timeshare contract. Whether you use our services or not, we want to ensure you don’t put anymore capital into a wasted investment. If you find yourself continuously running into problems, it’s probably time to team up with an experienced consultant.

At VOC, we actually care more about your end result than your money. We know that every satisfied client (whether we consult them or cancel their contract) adds to the reputation we pride ourselves in. Our leadership is passionate about creating this type of culture for his employees and clients. He knows that he has to invest in the best people in order to provide the best service. While unethical companies have been manipulating the system, we’ve been steadily improving our ability to relieve timeshare owners.

“VOC is proud to have the world’s most successful timeshare litigator contracted to represent our clientele,” says Mike. He and Jeremy Russo’s commitment to building a quality team with ethical standards has allowed them to scale and grow their company. “With the legal experts relying on proprietary law that protects consumers from abusive timeshare contracts, we’ve been able to help thousands of owners forever eliminate this burden.” Mike understands that there’s fulfillment in helping people get rid of something that’s causing them grief.

We’d love to schedule a free consultation with you just to see where we can help. In the meantime, feel free to learn more about our attorney based process by listening to our client’s stories or checking out their reviews. If you know you need to legally cancel your timeshare contract, you can always proceed with our qualification form below.