Timeshare,Cancellation,Letter, law Timeshare Cancellation Letter Sample

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If you have purchased a timeshare in Mexico but have cold feet, it is possible to cancel your contract and recover the monies you have paid so far.The cancellation of a timeshare is divided based on how long ago you purchased your membership; if you purchased within 5 business days, you should be entitled to the cancellation of the contract as well as a full refund of your deposit; if your purchase was more than 5 business days ago, do not dispair, there is also help you can receive to stop paying for your timeshare.Timeshare cancellation Letter Sample within five business daysIf you purchased the timeshare within five business days from today (Saturday and Sunday don´t count as business days), you can cancel your purchase by requesting so to the timeshare resort. First of all, you must submit a document requesting the cancellation of the contract and the refund of your money specifying that you will expect to receive the amount paid, 15 days after receiving the document. This document must include(you can find a timeshare cancellation letter sample below):AddressPhone numberEmail Contract numberFull nameContact informationBody of the letter where you will be requesting the cancellationDate of the purchaseYour signatureIt is important to send it during the time frame established by law and save the receipt, which endorses that the document was received within the time limit; it can be the receipt from the mailing company provided to you or a copy of a sent email.The shipping methods NOT useful as evidence of your cancellation request are:• When you hand deliver the letter and seller signs you a document accepting it (salesman or manager might claim the signature is not theirs).• By fax, because the date that appears in the document can be modified.• By phone, because everything was verbal and written evidence isn´t evidend of your cancellation request.It is very important to keep all copies, to show that the document was sent during the period established by the timeshare law.Another aspect to keep in mind is that many timeshare resorts will not answer back to your cancellation request and you will, most likely, have to use the services of a lawyer or a company like Mexican Timeshare Solutions to assist you recovering your downpayment and also cancel your contract. If you submitted your cancellation request more than 15 days ago and the resort is not answering back or denying the cancellation of the contract, contact us now to explain you how MTS can recover your deposit back.Timeshare cancellation after five business daysIf your purchase was made more than five business day ago, the cancellation becomes more complicated but not impossible. The resorts will put obstacles and traps to avoid cancellation but the cancellation of a timeshare contract is achievable with the assistance of MTSAnother drawback for contracts that have passed the 5 days to cancel prescribed by law is that that if you don´t cancel your contract propertly you might be facing:Being sent to collectionsHaving your credit rating affectedCalls from debt collectors requesting moneyLost of any chance of recupe any money given to the resortIf you are still convinced that you no longer want to continue with your timeshare we recommend you to use the legal path and not only stop making payments; failing to so, will definitively affect your credit score and ruin your plans prepared for the future.The following are timeshare cancellation letter sample  that can serve as a guide to send your letter requesting the cancellation of the contract:Timeshare cancellation letter sample 1Your NameYour AddressYour EmailYour Telephone number Resort’s NameResort’s AddressResort’s Telephone numberDateTo whom it may concern:Describe why you want to cancel your contract, include contract number in the drafting and likewise request the cancellation and a full refund, mentioning that you are within the 5-day cancellation period established by Mexican timeshare law. Sincerely,Signature and NameTimeshare cancellation letter sample 2John Smith3652 South Ave.Lancaster, CA,[email protected] HolidayResort’s Address555-627-8800 July 1st, 2012Subject: Cancellation of contract JLMK52396  To whom it may concern:This letter is to inform you of my intention to cancel the timeshare contract number: JLMK52396which was purchased by John Smith in accordance with article 56 of the Federal Consumer Protection by Mexican timeshare law. I request a full refund of my deposit and the cancellation of any future deposits found in the contract.Please take a note in an event I do not hear anything from your company contrary within 15 days of reception I would assume that my contract is cancelled accordinglySincerely,John Smith Timeshare cancellation letter sample 3 Carol James6391 South Ave.Lancaster, CA,[email protected] PalaceResort’s Address744-469-6003May 7, 2012Regarding contract JLMK52396 for purchase of a timeshare at Mayan Palace resort. Which was purchased on 05/06/2012.We are exercising our legal right to cancel this contract, according to Mexican Consumer Protection Laws. We expect a full refund of our deposit of $30,000.Please do not make any additional charges to my credit card or any future payments. Please confirm that you have received this legal timeshare contract number: JLMK52396 rescission in writing.Sincerely,Carol James We hope that this timeshare cancellation letter sample can help you.If you already sent your cancellation letter within 5 days and have not received an answer from the resort after 15 days, don´t despair Contact us, at MTS we will offer a free consultation to advise you on your case, get your money refunded and cancel your contract.About Mexican Timeshare Solutions:Our goal is to assisttimeshare purchasers who feel they were scammed or taken advantage of byfraudulent salespeople. No upfront fees for our services cancelling timeshare frauds.We offer a free consultation and we do not restuntil get your cancellation.Contact:                                       www.timesharescam.comToll-free:     888-275-3595Telephone:  714-277-3662Mexico:        [email protected] learn more aboutservices for timeshare victims, visit:Timeshare cancellation letter sample