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Time-Shares/Cancelling timeshare contract

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Expert: Andreas Rossler - 10/1/2007


Question
I purchased a timeshare on 9/22 in Hawaii and then changed my mind.  Unfortunately I only had until 9/29 to cancel so we mailed the cancellation letter to the P.O. Box address.  It just said cancellation notice must be received before midnight 9/29.  Do you think that as long as it was post marked by that date it will be good?  I live in CA and the P.O. Box is in Nevada, so they definitely would not receive it until a few days later.

Answer
If you purchased in Hawaii, then Hawaiian Cancellation periods apply.  For Hawaii it is seven days - your cancellation must be post marked within those seven days.  It doesn't matter if they received it on the 10th (or 9th, or 12th, etc.) day after purchase - so long as the post mark is within the seven days.  Once they receive it, they must refund all your money within 15 days.

The only issue - did you send it to the correct address to cancel?  Double check.  Otherwise you are safe.  Good luck!

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Andreas Rossler

Expertise

I'm able to answer general questions on timeshares and specifically in regard to purchasing, renting or exchanging timeshares on the secondary or resale market and through the Internet. I have expert knowledge in sales, mechanics (how and why timeshares work), and timeshare exchanges. I am also well versed in timeshare financing and may be able to guide you to better financing or refinancing options for your timeshare purchase. If you ask questions of a legal nature, or those requiring tax advice - I may not be able to answer fully.

Experience

I have 10 years of industry experience in sales, management and processing. I'm currently CEO of Timeshare Village, a resource for timeshare owners and industry professionals.

Organizations
Mensa - Life Member

Publications
I have been interviewed by Channel 7 News in the Bay Area of California regarding my opinions on Worldmark, the Club timeshares as developed by Trendwest-Wyndham Resorts.

Education/Credentials
MBA - Master's in Business Administration BS - Mathematics BA - Economics California Real Estate Broker

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