Many timeshare owners do not realize that they have been scammed within the 5 day rescission period. Timeshare resorts often offer promises of rentals or resales within a 90 120 day period. Typically, at the end of the 90-120 day period, the timeshare resort (or outside rental/resale agency) defaults on their promise. Unfortunately, this is after the 5 day rescission period, and cancelling the timeshare contract becomes much more difficult. The contracts are ambiguously worded to ensure that the resort and rental agency interests are protected. There are no specific timeshare laws to protect consumers who have signed written contracts that do not include their verbal promises. Without evidence, such as videos or scribed notes or the verbal promises, it is very difficult for victims of timeshare scam to successfully prosecute timeshare scam companies.
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