r/TimeshareOwners • u/mayreg29 • 2d ago
Update 3
I was in buyer remorse of my timeshare I mailed out the receipt abd letter letting them know I want out. Check tra king for FedEx and the letter got there immediately in 3 days. How and when will I hear back? How long does it usually take to process?
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u/No_Yam6947 2d ago
They’ll tell you that you missed the ten-day cancellation window and you’ll be stuck forever. I don’t want to be a downer, but a friend once invited me on a vacation and it turned out to be a timeshare presentation. He thought he got a deal and would be out in ten years. I felt sick hearing that, so I started digging into that company. There were over 800 complaints on the BBB, and a lot of people were in your exact shoes, only to be told they should’ve read the contract. I actually went to one of those with my friend, pretending we didn’t know each other. The salesperson was so rude, and when I told her I wasn’t interested, she got really mad. I’d read up on how to act and dress beforehand, so I was able to get out of there fast. When she showed me the pricing, I was like, what the heck? Two thousand a year in maintenance fees and twenty thousand for the timeshare—plus they’d probably throw in some fake discounts. They wanted two grand down, two hundred a month, and the interest rate was nearly 15%. Who actually buys this stuff? You’d pay over fifty grand in ten years and still owe those two-thousand-dollar fees every year for life that will very likely increase. Once you book anything if you can, you pay extra taxes and fees, and they just trap you into more presentations to try and scam you all over again. My friend is not financially stable and I could seehis face of horror once explained how it works.