Do you want to know how to get out of Worldmark timeshare? Well, you’ve come to the right place. Our team helps timeshare owners find the best solution when it comes to getting rid of their timeshares.
Getting rid of your timeshare can be a nightmare if you’re not careful. The process of exiting one can vary depending on your type of ownership, whether it’s paid in full, and your timeshare’s location.
So whether you want to sell a Worldmark timeshare or just simply get rid of it, know you have options. Continue reading to learn more about how to get out of a Worldmark Timeshare. Or you can initiate a Live Chat to learn more through a free personalized consultation. We can help you find the best solution ideal for your timeshare situation.
What is Worldmark?
If you’ve heard of Worldmark, then you’ve probably heard of Wyndham as well. But do they mean the same thing? Or who exactly owns who?
We can begin with Worldmark being of 20 vacation brands created under the ownership of Wyndham Destinations. In addition, Worldmark timeshare owners get different perks than other owners do. Why Is that, you might ask?
Originally known as Wyndham Worldwide, the company is still known as one of the world’s largest vacation ownership companies. And with a flexible system to travel to more than 7,100 properties in over 100 countries, this provides credibility. In addition to nearly 1 million owners each year taking advantage of this exchange network.
Wyndham created Worldmark in 1989 to accommodate their timeshare owner’s changes in lifestyles. Eventually, Worldmark credits were designed to provide a vacation currency owners could use to spend annually. In general, the Wyndham family has made it clear they are an elite vacation ownership company.
Timeshare Rescission
Most states in America grant you the right to “rescind” your timeshare purchase within a certain number of days. Typically this small cancellation window begins immediately after purchase.
If you recently purchased a Worldmark timeshare, then you will need to act fast! An average rescission period can last 3-14 days, sometimes even 30 days. But it all depends on the state rescission laws you made your purchase in.
Rescinding your timeshare contract means legally canceling the timeshare for a full refund. Under the Truth in Lending Act (TILA), developers are required to include instructions on how to rescind your timeshare within the documents you received with your purchasing.
Follow the instructions in the documents you received when for the proper guidance in this process. The resort must comply with your request by law. If you’re unsure of the length of your rescission period, our team recommends you look into your state rescission laws. Now, this doesn’t mean the state where you live in! We mean determining the state rescission laws of the location of your timeshare. Knowing this could save you thousands if you catch it in time!
When it comes to rescinding your contract, most resorts require you to mail a written cancellation letter. We recommend purchasing expedited mail to avoid any issues. Paying a couple of extra dollars could save you tons in cancellation fees! Rescission laws also exist in Mexico. Click here to learn more about a timeshare rescission letter.
How To Sell My Worldmark Timeshare
One option is putting your Worldmark timeshare on the resale market. But the first thing you should do is contact your resort. Programs such as Wyndham Cares or Ovation have customer service that can help!
Exploring the resale market can seem overwhelming. If you don’t proceed with caution, you could become the victim of a resale scam. This is because finding a buyer to purchase your timeshare is not an easy task. In truth, most timeshares depreciate almost immediately after purchase, and Worldmark timeshares are no exception.
If you want to list your Worldmark timeshare for sale, the following websites can help you advertise your timeshare for sale for free or for a low up-front fee:
- eBay ($50)
- com ($59.99 – $125)
- com ($15/year membership)
- com ($34.95)
- Craigslist (free)
However, you will quickly find that bids are listed as low as $1 on these sites. It won’t be long before you realize the value of your timeshare is little to nothing. This is why so many timeshares owners have gotten desperate to sell their timeshares. And who could blame then? Owning a timeshare can truly become a burden.
If you decide to go for the resale route, watch out for any timeshare resale companies. There’s a big chance they’re going to want to charge you up-front fees.
How to Get Rid of a Worldmark Timeshare Contract
If you want to get rid of Worldmark timeshare contract, know this is complicated. If rescinding is out of the picture, this is your next best option.
We always say the best way to cancel a timeshare contract is by doing so legally. This is why we recommend you hire a reputable timeshare exit company. You’ll want to hire one that works alongside attorneys and offers escrow. Otherwise, you’ll be vulnerable to a timeshare exit scam.
Legal timeshare cancellation is a lot easier now than it ever was. That’s because many resorts now offer their deed-back or buy-back programs. Also, many reputable timeshare exit companies have attorneys that look for misrepresentations or loopholes in your agreement. More than ever, you have options, so it’s crucial to take advantage of them!
If you’re unable to sell or rescind, and your resort refused to take back your timeshare, then you can’t go wrong with hiring an exit company!
We suggest hiring a company with no up-front fees and offers an escrow payment option, so you stay protected. The FTC and the BBB have warned timeshare owners against paying up-front to exit their timeshare contracts. We recommend escrow because this eliminates all upfront fees paid directly to the exit company. By doing this, you remove all the risk of becoming a victim of a timeshare exit scam. Learn more about why escrow is essential by clicking here.
Final Thoughts
In conclusion, if you’re wondering how to get out of a Worldmark timeshare, act soon! Timeshares can be a headache. If you went on vacation and were unfortunately victimized into signing a timeshare, don’t panic! Know you do have options.
As we explained above, we always recommend you get everything in writing. Having everything in writing will help you stay protected from potential timeshare scams. To learn more about timeshare exit scams, click here.
There are tons of timeshare scams each year. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow so you pay no up-front fees. Know your legal right so you can exit your timeshare contract legally. Read over our website, fill out the form on the right, or contact us through Live Chat for a free informational consultation.
