While Mexico does offer some timeshare protection for buyers, laws are lacking in regards to consumer protection. That means that you might be promised a wonderful gift only to find the organization refuses to deliver if you don’t buy their timeshare.
We know many of you are traveling to Latin America this summer, and hope you avoid unnecessary harassment from pushy timeshare salesmen. It can often be an unscrupulous industry.
We’ll be fleshing out some of this info later on, but the FTC has issued a warning against unscrupulous timeshare scams.
The thought of owning a vacation home may sound appealing, but the year-round responsibility — and expense — that come with it may not. Purchasing a timeshare or vacation plan may be an alternative. If you consider a timeshare or vacation plan, the Federal Trade Commission (FTC, the nation’s consumer protection agency, says it’s a good idea to do some homework.
One reader has shared his method for dealing with Timeshare Presentations:
Some states, such as Hawaii, have a rescinding period to cancel a Timeshare purchase. So that’s what I do, I just sign the contract and then fax in to cancel it a few days later. That way I don’t have to confront the sales person right there. They will however call you for a few days and leave nasty messages though.
I do the fax at a notary place with stamp and everything. I then send a registered package of it to them with signature confirmation. I sent a fax because there was a 7 day or perhaps a 10 day cool down and I did it on the last day. I had to make sure they got the notice on that day. If there is a longer time, then you don’t even have to fax it just mail in the notarized cancellation.
While getting out of a timeshare is a smart move, it’s terrible advice to suggest that people just sign the purchase contract in order to get out of a sales pitch.
Timeshare companies are generally in business to sell timeshares and will purposely work to prevent you from canceling, sometimes employing illegal methods to do so. Besides, the last thing any one wants to do is receive angry messages from a salesman.
