I don’t want my timeshare in Honolulu, Hawai’i any longer. What are my rights?
If you bought a timeshare in the state of Hawai’i and want to cancel it, you do have a few options, but you have to move quickly.
The law states that you have the right to cancel your timeshare purchase within seven calendar days after you:
– Sign the contract, or
– Receive the timeshare disclosure statement, whichever occurs later.
You can cancel the contract either by delivering the notice of cancellation by hand or mailing the notice to the address specified on the purchase agreement. Notice will be considered given on the date that you hand-deliver it or the date that was postmarked when you mailed it.
In Hawaii, only a licensed real estate broker may sell timeshares. All timeshares sold in Hawai’i (also spelled as Hawaii) are deeded and if you do not cancel within the seven calendar days, you are responsible for all payments stated in the contract. If you’ve taken out a loan to purchase the timeshare, you MUST make your mortgage payments.
In addition to the monthly mortgage payments, timeshare owners are usually responsible for maintenance fees, special assessments, utilities, and taxes. These are often referred to as “assessments”. If you fall behind in any payments of these assessments or your monthly mortgage payments, you will face foreclosure. That will severely affect your credit rating in all areas of your life.
If you own a timeshare in Hawaii and want to get out of the financial commitment but are past the seven calendar days, we can help! At FASTESTEXIT.COM, we can have your timeshare canceled legally and immediately halting all payments, without affecting your credit rating. FASTESTEXIT.COM has a proven track record and we guarantee our services. Contact us today at www.fastestexit.com and get rid of your timeshare debt forever!