How to Cancel My Marriott Timeshare
The options you’ll have available to cancel your Marriott timeshare will depend on several factors including how long ago you made the timeshare purchase, whether you are behind on your maintenance fee payments, and the exact wording of your timeshare contract. While there are steps you may be able to take on your own to cancel your timeshare, it can be very difficult to cancel a timeshare contract once the rescission period has passed. Some individuals choose to speak to an attorney to cancel their Marriott timeshare. Unlike working with a timeshare exit company that might charge you thousands of dollars upfront to cancel your timeshare, sometimes with no guarantee that the contract can be cancelled, a timeshare cancellation attorney has an ethical obligation to work in your best interests when it comes to cancelling your Marriott timeshare. The lawyers at Boukzam Law are Marriott timeshare cancellation lawyers who may be able to help you. If you’re looking to terminate a Marriott timeshare, reach out to Boukzam Law today to learn more about your options.
You may be able to take steps to get out of your timeshare on your own. What are some steps you can take to cancel your Marriott timeshare? Let’s explore.
Cancel Your Marriott Timeshare Within the Rescission Period
If you recently purchased your Marriott timeshare (as in, you purchased the timeshare days ago) you may be able to cancel your timeshare without penalty. Every state has a period known as a rescission period, where you have anywhere from several days to over a week to cancel your timeshare contract. The time you’ll have to cancel your timeshare will depend on the state where you cancelled your timeshare. Statutes can change, so if you recently purchased your Marriott timeshare and are having second thoughts, you may want to speak to the Marriott timeshare cancellation attorneys at Boukzam Law today.
If you are still within the rescission period, you’ll want to write a formal cancellation letter to cancel your Marriott timeshare, and specifically note that you are cancelling the contract within the rescission period. How you deliver the letter could also matter when it comes to cancelling a timeshare within the rescission period. If you’re thinking of cancelling your Marriott timeshare, a timeshare cancellation lawyer at Boukzam Law can review your situation to see whether you are cancelling within the rescission period, determine the delivery method you’ll need to use (depending on your contract and the state in which you reside), and help you with next steps.
Contact MarriottÒ Directly to Cancel Your Timeshare
If the rescission period has passed and you want to cancel your Marriott timeshare months or years after you’ve made your purchase, you may want to try contacting Marriott directly to explore your cancellation options. Marriott Vacation Clubs have exit specialists available who can help you explore the options you have within the confines of your contract. These options might include resale of your timeshare. You can ask whether Marriott Vacation Clubs offers a “deed back” program, or surrender program, but you may have to pay fees to do this and won’t likely be able to recoup your initial timeshare purchasing costs. If you owe money on a loan or if you are behind on your maintenance fees, this option might not be available.
If the solutions you are offered don’t appeal to you, you might want to speak to a timeshare lawyer at Boukzam Law to explore other legal options.
Selling Your Timeshare
Another option you might have if you want to find a way to terminate your Marriott timeshare is to consider selling it on the resale market. Marriott is typically a more highly valued timeshare and may have more resale value than other timeshares, but you generally shouldn’t expect to be able to recoup your initial costs and many people sustain losses when they resell their timeshares on the secondary market. Some exit companies might claim to be able to get you out of your timeshare when they are really putting your timeshare on the exit market, so you may want to do your research before you spend money trying to resell your timeshare. Timeshare owners should also be wary of companies promising to sell their timeshare on the resale market for a fee. If it sound too good to be true, it might be.
If there isn’t a restriction in your timeshare contract regarding renting your timeshare, another option you might have is renting out your timeshare through timeshare rental marketplaces or by renting your timeshare to friends or family. If you’re not sure about the nature of your timeshare contract and the options available to you, you may want to speak to a timeshare attorney at Boukzam Law today.
Speak to a Timeshare Lawyer
If you explore these options, but none of them appeal to you, you may want to speak to a timeshare lawyer. A timeshare lawyer can review your contract and help you understand what legal options you might have for cancelling your Marriott timeshare. Timeshare contracts are notoriously difficult to exit. A timeshare lawyer like the attorneys at Boukzam Law can help you understand what steps you can take next. Our lawyers can review your contract, learn more about how you entered your contract, and help you explore the options available. Not paying your timeshare fees may be an option, but this could leave you with a hit to your credit, and the collateral consequences of damaged credit. Boukzam Law can help you explore the different options available before you take this drastic step. A timeshare lawyer can also help you understand the legal and financial consequences of breaking a timeshare contract, so that you can assess your options with all the information you need to make the best possible decision.
If you have a timeshare you don’t want anymore, or can’t use anymore, the whole thing can be stressful. Life changes, health changes, income changes, and concerns about your children inheriting your timeshare and inheriting the fees, can all make timeshare ownership stressful. If you want to explore your options when it comes to cancelling your Marriott timeshare, reach out to the timeshare lawyers at Boukzam Law today. Our attorneys can review whether your timeshare contract was legally enforceable, review the contract itself, and help you understand your options.
