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Overview
Purchased a Timeshare Recently and Need Help Canceling It?
There is a cooling off period for timeshare buyers to cancel their contracts once they have reviewed all of their paperwork. This period varies from state to state. If you rescind your contract (cancel it) within this time you will receive a full refund of your down payment and your timeshare contract and ownership will be canceled.
To find out if you are within this period, call our office and we will explain the law and the process to cancel based on the state you purchased in. There are very detailed instructions in each timeshare contract that must be followed exactly or you could remain bound to the contract.
It is possible for you to rescind the contract without the services of an attorney as long as you follow the directions exactly. We would be happy to help you through this if you need assistance.
5
Calendar days — Nevada rescission window
100%
Full refund of down payment if properly rescinded
$0
Cost to discuss your situation with our office
After the Cooling-Off Period
What If the Rescission Window Has Already Closed?
After the cooling-off period has elapsed, canceling a timeshare contract becomes significantly more difficult — the contract has arguably become binding. However, you are not necessarily without options.
We encourage everyone to reach out to their timeshare developer first, especially if the timeshare is paid off. Many developers have approved exit programs for owners who have paid off their loans and are current on fees. In that case, the only option left is to give it back to the association or developer.
- Contact the developer directly about their relinquishment program
- If the developer declines, consult an attorney about legal grounds for challenge
- Misrepresentations made during the sales presentation may create grounds for cancellation
- Contract defects or violations of consumer protection law may apply
- Do not contact an exit company — they have no legal standing to resolve this
Important note on "take back" programs
It is important to note that most take back programs often have significant costs and restrictions, and unwillingness on the part of the timeshare to give the timeshare back in all the cases — responsible for the annual maintenance fees with no way out. Taking the time to research if there is a program to give the timeshare back, and the terms and conditions of that program is hugely important before deciding to hire.
Do Not Make This Mistake
Why You Should Not Hire an Exit Company
Do not be confused by timeshare "financial groups" or "exit teams" with no legal qualifications offering a "guaranteed" exit. These groups are NOT law firms and have no legal standing in any dispute with your timeshare developer.
A money-back guarantee is a scam signal
It is not legal for an attorney in any state to guarantee specific performance. If any company offers you a "money-back guarantee" on timeshare exit services — they are either not operating as attorneys, or operating illegally.
O'Grady Law Group is a licensed law firm. We are regulated by the Nevada State Bar, carry professional insurance, and our attorneys have passed the bar examination. We speak with our past results — as all legitimate attorneys do.