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How To Cancel a Timeshare in Mexico?

Through certain ways, you can navigate your way out from a timeshare in Mexico. Here are the questions we will be answering in this article that can help you exit your Mexico Timeshare;

  1. What is a rescission period? How can you contact the resort if you are in your rescission period?
  2. Is it possible to resale your timeshare by enlisting it on eBay, Craigslist, etc? If yes, then how?
  3. Should you hire a reputable timeshare exit company with the option of escrow? Who to trust?
  4. What timeshare exit laws are being followed in Mexico? How can they help you? 

Concerned about the hurdle it will take to cancel a timeshare in a foreign country? Your worries end here, we can help you exit the timeshare.

You have a couple of options if you are learning how to exit a timeshare in Mexico. Fill out the form on the right or initiate a Live Chat with us to help you find the right solution for your timeshare situation.

Mexico Timeshare Cancellation Policy

The Rescission Period For Timeshare In Mexico

Mexico might have been a great vacation destination. But if you signed up for a timeshare in Mexico, you may be in for some tough news. A few months after your purchase, you probably will start receiving numerous amounts of paperwork from the resort detailing everything. After you briefly glance at the paperwork, you will notice a few things that may seem different than before.

Maybe the mortgage price was higher than mentioned, or the sales representative lied to you about the yearly fees. 1 out of 8 households in America owns a timeshare and a Mexican timeshare is nothing out of the ordinary.

If you’re the type of individual who likes to read through a contract immediately after your purchase, you might be in luck.

The rescission period in your timeshare contract allows you a few days to review your purchase’s benefits for your situation. Timeshare companies usually offer a rescission period of 3-10 days, though it could be extended up to one month in rare cases.

To take advantage of the rescission period, act promptly and contact the resort immediately to express your desire to cancel the contract. Send all the required documents via overnight mail to the resort to ensure timely delivery. Make sure to include a signed document stating your intention to rescind the contract.

Please send the documents within the rescission period to avoid the timeshare company not honoring your cancellation request. So make sure to follow the process and keep your things aligned.

Resale Your Mexican Timeshare

If the request to cancel your timeshare contract in Mexico was not successful, it’s time to explore other options. As you probably are aware by now, timeshares are valued at $1 on sites such as ebay.com, and craigslist.com, and the resale market is filled with scams, so selling a timeshare can be difficult. But, the resale route should be the last option if every other option is exhausted.

If your initial request to cancel your timeshare contract in Mexico was unsuccessful, consider exploring other options. Timeshare exit companies are available to help dissatisfied timeshare owners who are past their rescission period. Be cautious of timeshare exit scams, but some reputable timeshare exit companies can assist in canceling your contract based on misrepresentations made during the sales presentation.

Misrepresentations could include false promises about maintenance fee increases, contract cancellation, timeshare value appreciation, and the timeshare being an investment for future generations. Canceling a Mexican timeshare through a timeshare exit company can be tricky because of judicial restrictions, but some loopholes exist.

If the timeshare in Mexico has offices or an accounting department in the United States, attorneys from a timeshare exit company may pursue legal action through the US-based department, ultimately involving the Mexican timeshare resort. Finding a reputable timeshare exit company willing to accept your case might be challenging, but discussing your options during a free consultation can help you navigate any restrictions.

Get connected with a reputable timeshare exit company that can help you cancel your timeshare in Mexico. Fill out the free consultation form on the right, or initiate a live chat with a team member.

Timeshare Exit Law for Mexico

If you’re reading this and want to cancel a timeshare contract in Mexico, first, you need to understand how Mexican Timeshare Law works.

Timeshares in Mexico are sold as vacation property or lease, with a lifespan of 3 to 100 years, requiring yearly and monthly fees, which can be expensive.

Beware of inflating maintenance fees and high-interest mortgages associated with Mexican timeshares. To cancel a timeshare in Mexico, familiarize yourself with Article 56 of the Federal Consumer Protection Law, applicable to both Mexican citizens and visitors.

Write a detailed handwritten cancellation letter, including names, dates, contract numbers, purchase dates, and contact information. Explain how you were a victim of high-pressure sales tactics in the letter.

Reference “Article 56 Consumer Protection Law” in the letter to ensure the resort recognizes the legal basis for your request. Mail or hand-deliver the cancellation letter to the resort as the law requires.

Follow up with the resort to provide any additional information they may need for the cancellation of your Mexico timeshare. By following the rules and regulations of exiting the timeshare in Mexico, you can succeed in your mission to exit the Mexican timeshare.

Hire An Exit Company With An Escrow Option To Exit Your Timeshare In Mexico

You can cancel a timeshare in Mexico by partnering with a timeshare exit business that offers an escrow option. This can give you some much-needed peace of mind during the canceling procedure.

If an escrow option is available, think about partnering with a timeshare exit business. You don’t have to pay the exit company any upfront costs when using escrow.

Until they are successful in terminating your timeshare contract, the exiting business safely retains your payment in an escrow account. The payment is released to the exit company once the cancellation has been completed and verified. The escrow option assures that you only pay for successful services and offers additional security against potential timeshare departure scams.

Hire An Attorney To Eliminate Your Timeshare In Mexico

If nothing is working in your favor and the burden of the timeshare is increasing day by day, what you can do is you can hire a Mexican timeshare attorney.

These attorneys are real pros; they know their way around the Mexican laws, making the process smooth and less daunting for you. They can help you gather proof if you were tricked into buying a timeshare; this increases the chances of your case being dissolved quickly. They can talk to the resort about it and help you cancel the timeshare immediately. They will clarify matters for you and cut through any ambiguity, ensuring your rights are upheld throughout the cancellation procedure.

Mexican timeshare laws can be challenging to understand, particularly for foreigners. They will clarify matters for you and cut through any ambiguity, ensuring your rights are upheld throughout the cancellation procedure.

So feel free to see a Mexican lawyer who is an authority on timeshare legislation if you’re serious about removing that burden. They’ll be there for you, supporting your decisions and ending the timeshare hassle for good.

Final Thoughts

In conclusion, if you’re looking to cancel a timeshare in Mexico, act quickly! Timeshares can be stressful mentally and financially. If you went on a vacation and were lured into signing a timeshare, you have options.

Timeshares in Mexico can be a hassle with the increasing maintenance fees and monthly costs. As we explained the multiple options, we always recommend you get everything in writing, especially if you work with a timeshare exit company that uses attorneys. Having everything in writing will help you stay protected from potential timeshare scams. Click here and read more about timeshare exit scams here, this will help you save yourself.

Numerous timeshare scams occur every year. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal rights so you can exit your timeshare contract legally. Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation.

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By providing my contact information and clicking ‘submit’, I am giving MyTimeshareExitReviews.com and its partners permission to contact me about this and other future offers using the information provided. This may also include calls and text messages to my wireless telephone numbers. I also consent to use of emails and the use of an automated dialing device and pre-recorded messages. I understand that my permission described overrides my listing on any state or federal ‘Do Not Call’ list and any prior listing on the ‘Do Not Call’ lists of our partners. I acknowledge that this consent may only be revoked by email notification to info@www.mytimeshareexitreviews.com.

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