Cancel WorldMark Midway Timeshare Contract

Understanding Your WorldMark Midway Timeshare Contract

The first step in the cancellation process is to carefully review your contract. Key sections to focus on include:

• Rescission Period: The legally allotted timeframe in which you can cancel your timeshare without financial penalties.

• Financial Commitments: Your mortgage, maintenance fees, and special assessments that may affect cancellation options.

• Exit Clauses: Some contracts may include provisions for voluntary surrender or owner exit programs.

Cancelling During the Rescission Period

If you recently purchased your WorldMark Midway timeshare, you might still be within the rescission period, which is a short timeframe—typically between 3 to 10 days, depending on state laws—when you can legally cancel the contract without penalty.

Steps to Cancel During the Rescission Period:

1. Write a Cancellation Letter: Clearly state your intent to cancel and include essential details such as your name, contract number, and date of purchase.

2. Send the Letter via Certified Mail: Ensure there is proof of delivery to avoid disputes.

3. Verify Cancellation: Contact WorldMark’s customer service to confirm receipt and processing of your cancellation request.

Cancelling After the Rescission Period

If the rescission period has passed, you will need to explore alternative ways to exit your timeshare contract. Here are some potential options:

1. Contact WorldMark for an Exit Program

Some timeshare developers offer official exit solutions, but they may have strict eligibility criteria, such as requiring all fees to be paid in full. Contact WorldMark Midway to inquire about their cancellation or deedback programs.

2. Reselling Your Timeshare

If WorldMark does not offer an exit option, you might consider selling your timeshare. While the resale market is challenging, some platforms that facilitate timeshare sales include:

• RedWeek

• Timeshare Users Group (TUG)

• eBay

• Craigslist

It is important to set realistic expectations, as timeshares often sell for a fraction of their original purchase price.

3. Hiring a Timeshare Exit Company

Some companies specialize in assisting timeshare owners with legal exits. However, be cautious and ensure the company is reputable by checking for:

• Better Business Bureau (BBB) accreditation

• Positive reviews from past clients

• No large upfront fees

4. Donating Your Timeshare

Certain charities accept timeshare donations, provided there are no outstanding payments or high maintenance fees. While this option does not offer financial gain, it can relieve you of ongoing obligations.

5. Seeking Legal Assistance

If you believe you were misled into purchasing your timeshare, consulting a timeshare attorney may be a viable option. They can help identify contract loopholes and explore legal avenues for cancellation.

Avoiding Timeshare Exit Scams

When seeking timeshare cancellation services, be cautious of scams. Warning signs include:

• Upfront Fees: Reputable companies typically charge only after successful cancellation.

• Guaranteed Results: No company can promise 100% cancellation.

• Unsolicited Offers: Be wary of cold calls or emails claiming they have a buyer for your timeshare.

Conclusion

Canceling a WorldMark Midway timeshare contract requires careful consideration and strategic planning. If you are within the rescission period, act quickly to submit your cancellation request. If not, consider resale, legal assistance, exit programs, or donation as potential solutions. Always conduct due diligence to avoid scams and make an informed decision that best suits your financial needs.