Original Message:
help how to get out of a mayan palace timeshare with in the 5 day period (by Lance C.):
mayrar16 wrote:...after looking over papers...
Well you if had looked over your papers very carefully, you would have seen that there are specific instructions on how to rescind your purchase. Sometimes they are strategically hidden but look carefully and you will find them. The instructions probably say to send your rescission letter, signed by all parties who agreed to purchase it, via certified mail.
Make sure you send your letter to the correct address via the proper method. Do not e-mail, fax, phone, send via courier such as FedEx or UPS, etc. More importantly, do not go back to the sales office saying you want to rescind. The people there will just tell you a bunch of lies why you can't rescind or they will try some other tactics to stall you past your 5-day rescission period. This can't be over-emphasized: do it immediately via the method stated in your contract.
Be aware that, after you have sent in your letter, it might take up to 45 days to see your refund (and yes, they are required to refund you every penny you paid). If you do not see your refund immediately, do not panic and start making phone calls to the resort. And do not take any phone calls from strangers as it could very well be the sales people trying to tell you that you can't rescind to to convince you not to rescind.
As for your vacation plans, many people who stay at the Mayan Palace like it. However, owning there can be a different story. Try renting from current owners. Many are offering their interval for rent for less than their maintenance fees. You can find many for rent here on RedWeek as well as other reputable timeshare websites such as E-Bay, My Resort Network, Timeshare Users Group (aka "TUG"), Bidshares, etc. Many will let you put in an ad requesting a rental.