How to Cancel Your El Cid Vacations Club Timeshare
It can be sometimes very difficult to cancel an El Cid Vacations Club timeshare after the rescission period has passed. The rescission period is a brief timeframe (usually a few days to a little over a week) during which you can legally cancel your timeshare without penalty. That said, there may still be ways you can get out of your timeshare, especially if you are no longer able to use your timeshare or are concerned about falling behind on maintenance fees and payments. If you are thinking about cancelling your El Cid Vacations Club timeshare, you may want to speak to a timeshare lawyer today. The El Cid timeshare cancellation attorneys at Boukzam Law help individuals find solutions when they want to get out of a timeshare.
If you own a timeshare, you might want to be careful about timeshare exit companies. Some companies claim that they can sell your timeshare for a fee or promise to help you cancel your timeshare contract for a cost. Before you speak to a company, you may want to talk to a timeshare attorney. A timeshare lawyer has an ethical obligation to put your interests first. If we think your best bet is contacting El Cid Vacations Club directly and working with them, we’ll let you know. A timeshare cancellation lawyer at Boukzam Law can review your El Cid Vacations Club contract directly, take the time to understand how you entered your contract, and explore the range of options that may be available to you if you want to cancel your timeshare with El Cid Vacations Club.
So, what steps can you take to cancel your El Cid Vacations club timeshare? Let’s explore some steps you may be able to take on your own, and when it might be a good idea to speak to a timeshare lawyer.
How to Cancel Your El Cid Vacations Club Timeshare Within the Rescission Period
If you only recently purchased your El Cid Vacations Club timeshare, you may still be within the rescission period. If the rescission period has not passed, you may be able to cancel your timeshare without penalty. Every state has a period during which a recent timeshare purchase can be canceled without penalty. Unfortunately, the rescission period is often only a very narrow window once the contract has been signed. In some states, it can be as short as three days, and in other states, it may only be a little over a week. If you recently made a timeshare purchase but are having second thoughts, if the rescission period hasn’t passed, you must act quickly. It is usually a good idea to put your cancellation in writing and to deliver your letter formally, either using formal service or registered mail. You’ll also want to note that you are cancelling the timeshare within the rescission period. If you have questions about cancelling your timeshare within the rescission period, the El Cid Vacations timeshare lawyers at Boukzam Law may be able to help you. We can review state law, review your contract, and help you take steps to cancel your timeshare contract. If the rescission period has passed, your options may be more limited.
Contact El Cid Vacations Club Directly to Cancel Your Timeshare
If the rescission period has passed, you may have fewer options when it comes to cancelling your El Cid Vacations Club timeshare without penalty. That said, you may still be able to find solutions if you want to get out of your timeshare by contacting El Cid Vacations Club directly. When you call, ask if El Cid Vacations Club offers a “deed back,” surrender, or buyback program. You may not be able to participate in these programs if you are behind on maintenance fees or have an outstanding loan. Different companies have different options, some may only be able to cancel your timeshare after you pay a fee, and some buy-back programs may only offer you a fraction of what you initially paid for your timeshare. Yet, if your goal is to just get out of your timeshare and not have to pay maintenance fees for a timeshare you no longer use, contacting the property directly to explore your options could be a good first step.
If the options El Cid Vacations Club offers don’t appeal to you, or if you don’t qualify, you may want to speak to an El Cid timeshare cancellation attorney at Boukzam Law. You may have other options.
Selling Your Timeshare
If working directly with El Cid Vacations Club doesn’t appeal to you, you can also consider selling your timeshare on the secondary market. You’ll need to find a reputable real estate agent and have realistic expectations. Most people who sell their timeshare on the secondary market only receive a fraction of what they initially paid for their timeshare. That said, if you’re looking to find a way to get out of your timeshare, selling might be a way out. Timeshare owners should beware of companies that offer guaranteed sales for a fee, or companies that charge high fees to list properties on the resale market. If it sounds too good to be true, it probably is. Resale may only be an option if you aren’t behind on fees and don’t have an outstanding loan.
Another option might be to rent your El Cid Vacations Club timeshare on the secondary market, but you’ll need to check your timeshare contract first because some timeshare contracts don’t permit rentals. If you have questions about your rights regarding resale, transfer, or rental, you may want to speak to a timeshare lawyer. The timeshare attorneys at Boukzam Law may be able to help you explore your options and understand your rights.
Speak to a Timeshare Lawyer
If you are concerned about falling behind on maintenance payments or loan payments, you may want to speak to a timeshare lawyer before you stop payments. Stopping payments on a timeshare can have consequences to your credit and other collateral consequences. A timeshare lawyer can review your timeshare contract, understand the circumstances in which you entered the contract, and help you explore any additional legal options you may have to cancel your timeshare contract. The El Cid Vacations timeshare lawyers at Boukzam Law are here to help.
