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Timeshare Adventure Cancellation Program (by Lance C.):

charm19 wrote:

There is however a lot of paperwork but my timeshare was cancelled.

Make sure you don't confuse terminology here. The company did not "cancel" your timeshare. You owned a piece of real estate. It's like owning a condo. If you no longer want to own it, you have to sell it or give it away.

What this company did was likely one of three things:

1) It listed the timeshare on E-bay or other timeshare sales outlets for a dollar (and probably even paid closing costs) and found someone to buy it from you essentially.

2 ) it is running that ever-hated Viking Ship scheme where it transferred the deed into a shell corporation, bankrupted the corporation, and let all of its "assets" be seized and distributed. Since no one wanted it, the resort had no recourse but to foreclose and repossess it.

3) It simply asked the resort to take the deed back and the resort accepted, albeit likely very reluctantly.

But no, this company did not "cancel" your timeshare. It may look that way to you but the company simply found a new owner for it.