If you currently own a Vacation Village timeshare but want to get out of your commitment, we can help provide you with advice on successfully cancelling your timeshare contract.
Timeshare Rescission Period
If you recently purchased your timeshare, you should first look into your state’s timeshare rescission period, which is a short period of time in which a new timeshare owner can cancel their contract for a complete refund from the timeshare developer. Most states allow a couple of weeks for their rescission period, but each state is different. You should have been provided information and instructions on how to cancel your timeshare within the rescission period by Vacation Village Timeshare in the documents you were given upon the signing of your timeshare contract.
If you have owned your timeshare longer than the rescission period, then you will need to examine other options for getting out of your Vacation Village timeshare contract.
Timeshare Resale Market
Owning a timeshare is not like owning real estate, where value increases with time. Unfortunately, most timeshares lose 50% to 90% or more of their value once the contract is signed. Since Vacation Village is such a popular timeshare developer, reselling your timeshare is an unfeasible option. Searching on sites like Ebay for “Vacation Village Timeshares” reveals several listings for as little as $1 that have not sold or attracted any bidders.
Timeshare Exit Companies
Some timeshare developers offer “deedback” programs for buying back timeshares from owners that no longer want them. Unfortunately, as of 2/4/2019, Vacation Village does not appear to have any such program. It cannot hurt to reach out to Vacation Village directly to see if they will work with you to get out of your timeshare contract, but it is important to realize that they do not have any real reason to do so, especially if you still owe a mortgage.
Your best option for getting rid of your Vacation Village timeshare may be to work with a timeshare exit company. These businesses utilize legal professionals to assist timeshare owners with cancelling their unwanted timeshare contracts. If you are considering this option, make sure you thoroughly research timeshare exit companies before deciding on a service. Cases of scams are not uncommon in the timeshare relief industry. There have been many accounts of timeshare exit companies cheating their clients out of money by charging them up-front for their service and never following through with cancelling the timeshare contract. For this reason, it is only recommended to work with a timeshare exit business that allows you to use a no up-front fee escrow payment option. No up-front fee escrow payment options allow for charges to first be paid to a third-party holding account that releases the funds to the company only after they have cancelled the timeshare contract, protecting the client from fraud.
Here on our website, we provide reviews
and advice on timeshare exit companies to timeshare owners. If you want to
receive a consultation from us, further examine the option of timeshare exit
companies, or hear more about no up-front fee escrow payment options, please
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