Canceling a Louisiana Timeshare Contract
Timeshare contracts can be very hard to cancel. These contracts are skewed heavily in favor of the timeshare developer and do not give much benefit for the owner. Many buyers find themselves wanting to get out of the timeshare entirely.
Cancelling a Louisiana timeshare would result in no more mortgage or maintenance fee payments. Once the owner is out of the timeshare, they will owe no future obligations or debts.
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Types of Timeshare Cancellation
Without help, the owner faces one of two ways to exit their timeshare. They can either pay the contract off and then attempt to resell or they can stop paying altogether and end up in foreclosure. Neither of these should be considered attractive options for getting out.
The remaining balances owners would be obligated to payoff are usually in the 10’s of thousands of dollars. Foreclosure will ruin credit scores and make future purchases difficult. This is why many timeshare owners have turned to experts for help. Linx Legal offers several options for getting out of a timeshare.
Most states offer a cool down period for big purchases. This gives the buyer a couple of days to think over the purchase or review the contract. Timeshares are big decisions that will affect a buyer for life and possibly impact their children’s lives. Some owners discover they may have made a big mistake. If this happens quickly enough, you do not need help to cancel the timeshare.
How to Execute
The state of Louisiana offers a 7-day window to cancel a timeshare contract. This starts on the day you sign the contract or the day that you receive the paperwork, whichever is later. You will simply need to notify the timeshare company in writing that you intend to exercise your right of rescission. By law, they will be forced to release you from that purchase. They will also have to refund any down payment and closing costs.
New Orleans, LA is one of the top tourism spots in the country. Even when it is not Mardi Gras, Louisiana brings thousands of people to enjoy this cultural and historical place. Timeshare companies capitalize on the influx of visitors. They will eagerly sell timeshare contracts to potential buyers. Some of the top resorts in Louisiana are:
- Club Wyndham La Belle Maison
- WorldMark Avenue Plaza
- New Orleans Resort – Holiday Inn Club Vacations
- Quarter House
- Bluegreen Club La Pension
- The Marquee by Bluegreen Vacations
Wyndham is the timeshare king, having the greatest number of resorts and owners worldwide. They possess the Wyndham La Belle Maison and the WorldMark Avenue Plaza. The majority of our Louisiana timeshare complaints come from Wyndham properties. Bluegreen is a close second.
Louisiana is known for its nightlife and Cajun cuisine. The French Quarter and surrounding areas provide guests with many bars, restaurants, and other attractions. The “Big Easy” is not just for nightlife and adult entertainment. There is fun for the whole family in Louisiana. Some of these include:
- National WWII Museum
- Audubon Zoo
- Steamboat Natchez
- New Orleans Historic Train Garden
- Audubon Acquarium
The Crescent City is famous for being an adult playground as well. Bourbon street is a world famous line of bars and nightclubs. The area also contains several casinos like Harrah’s, Boomtown, and Treasure Chest. You will never be far from your next drink or entertainment spot. You can even take a boat out on the Mississippi River and enjoy a beverage on the tour.
The next celebration happens on Fat Tuesday February 16th. This is an age old tradition that takes place once per year. Mardi Gras features parades, concerts, and costumes. Locals and visitors shower the streets with beads and coconuts. The entire city is flushed with green, purple, and gold which are the colors of the occasion. Businesses close their doors in observance of the holiday. Many will want to come back to enjoy this time year after year.
Timeshare companies offer a way to continue coming back to Louisiana. They want you to think this is the most cost effective way to ensure vacation. There are many alternatives to timeshare purchases. These include:
- Timeshare rental
- Secondary Market
- Air BnB
Rental and Secondary Market
This offers a way to stay at the great timeshare resorts without the hefty cost. The owners pay mortgages and other fees. They pay maintenance fees to upkeep the property. Owners also pay membership fees to be in a vacation club. Renters avoid these fees by just paying the rental agreement. Timeshare rentals can be found at these Louisiana resorts by visiting redweek.com.
The secondary market for timeshare is also an option. Owners that pay off their contract will sell the timeshare for cheap to get out of paying the additional fees. This will save you thousands of dollars compared to buying directly from the developer.
The technological age we live in has provided new ways to connect people with services. Air BnB allows people to rent their property to visitors. This is often a cheaper option for travelers.
Timeshare Cancellation Help
If you need out of a contract, hiring help is your best option. You also must be selective of who you choose to cancel your timeshare. There are many companies that exist to scam people out of their money.
Timeshare owners should be weary of these scams and avoid any companies that do not have a good online reputation. Linx Legal is A+ accredited with the BBB and we have countless 5-star reviews from clients.
How Do I Get Started?
Linx Legal has experts standing by waiting to help you. We have been in business since 2009 and have the experience to get you out of the contract. Our process is second to none. To get started please reach out to us by doing one of the following: