- 1 How do I get out of a vacation club contract?
- 2 Will Hilton take back my timeshare?
- 3 Does Hilton Grand Vacations have an exit program?
- 4 Can you legally get out of a timeshare contract?
- 5 Can I cancel my unlimited vacation club membership?
- 6 What happens if I walk away from my timeshare?
- 7 Can you change your mind after buying a timeshare?
- 8 Who owns Hilton Grand Vacations?
- 9 How do I value my timeshare?
- 10 How do I sell my HGVC property?
- 11 Why is it so hard to cancel a timeshare contract?
- 12 Can you get out of a timeshare without a lawyer?
- 13 What happens if I stop paying my timeshare maintenance fees?
How do I get out of a vacation club contract?
Most, if not all, contracts include a “termination clause”. Some call it dispute resolution, rescission period, and other legal mumbo-jumbo. If you are still within the contract’s rescission period then, send a notice of termination. This can be sent via email and can be backed up with a phone call.
The resort that your timeshare is associated with has the right of first refusal (ROFR), which means they can step in as the buyer. If this happens, the Hilton will become the buyer of your timeshare and accept the terms of the contract.
Does Hilton Grand Vacations have an exit program?
The Hilton Grand Vacations Club does offer an exit program of its own. But like any developer exit program, it has specific criteria that owners must meet first to qualify. So in other words, even a paid-off timeshare is not quickly sold. And not many retain a substantial resale value.
If you think you may have been tricked into buying timeshares and you wish to out, here’s a good news: it is possible to get out of the timeshare contract legally. With consumer protection laws, you have the freedom to dispute the contract due to breach or consumer rights violations.
Can I cancel my unlimited vacation club membership?
You can cancel for any reason or no reason at all during the rescission period. After that time you would basically have to prove fraud or convince the resort or vacation club that it is in their best interest to refund your money.
Some people just stop paying on their timeshares. If you do walk away, don’t be surprised to see a big hit to your credit score and to start getting regular calls from collection agencies. You might regret your purchase, but you did sign a legally binding contract.
So, if you wish to cancel your resort timeshare purchase, you generally have a period of 5-15 days after purchase wherein you may legally rescind the contract. After the rescission period has expired, you can no longer cancel your purchase without penalty.
Who owns Hilton Grand Vacations?
Hilton Grand Vacations Company /: Who owns Hilton Grand Vacations? How do I cancel a timeshare within 5 days? How To Cancel Timeshare Within 5 Days
- Cancel a timeshare contract in writing. Though some resort developers may not require a written document, it is best to still follow the same to guarantee cancellation within 5 days.
- State carefully the reason for writing.
- Delivery of cancellation letter is also of importance.
Your timeshare’s value is determined by the average asking price of similar timeshares being advertised for sale and rent on BuyaTimeshare.com at your particular resort. Values can vary by resort location, resort brand, season, unit size and more. Your ownership documents will have all of the information you need.
How do I sell my HGVC property?
As a Hilton Grand Vacations authorized seller, we work to connect buyers to sellers every day. Contact us at 877-884-9577 to purchase ClubPoints or speak with a broker to sell your HGVC timeshare.
Timeshare contracts are also typically written ‘in perpetuity. Since the time period and terms of a typical timeshare contract are forever, and since they don’t usually include exit clauses outside a rescission period (more on that later), it can feel very hard to get out of your timeshare.
You’ll have to cut each separate contract to escape. That’s a lot to do on your own, so you may need an attorney to help you work your way out of all those contracts. Find one who specializes in contract law and has successfully gotten people out of their timeshares.
Failure to pay the maintenance fees results in the resort foreclosing on the property and selling it at auction to recover money owed. You may face a judicial or non-judicial foreclosure. Judicial foreclosures allow the lender to pursue a deficiency judgment for the balance due after the auction.