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Kramer. The issue I need advice on is a transaction I

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Kramer. The issue I...

Kramer. The issue I need advice on is a transaction I started over the phone with Welk Resort Group. I presently own a timeshare with them, that is totally paid off. I was contacted by a 3rd party company working for them, offering a chance to join a Life-time Travel Club by turning over my timeshare Deed and paying $1995. After further review, I don't think we should complete this. However, we already made a credit card payment and electronically signed an agreement.

Lawyer's Assistant: Thanks. Can you give me any more details about your issue?

Is there a way for me to cancel this transaction and receive my money back?

Submitted: 2 years ago.Category: Consumer Protection Law
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Answered in 1 hour by:
3/1/2016
Consumer Protection Lawyer: Lucy, Esq., Lawyer replied 2 years ago
Lucy, Esq.
Lucy, Esq., Lawyer
Category: Consumer Protection Law
Satisfied Customers: 32,264
Experience: Lawyer
Verified

Hi,

I'm Lucy, and I'd be happy to answer your questions today.

A contract is legally binding and enforceable from the moment that it's signed, unless there's a clause in it that says otherwise. MOST timeshare contracts have a clause that give you three days to cancel, in writing, to get a full refund and walk away with no penalty. If you've completed this transaction recently, check the contract to see whether you can cancel, how much time they gave you, and whether you are still able to do so.

Once the three day right to cancel is up, a contract can only be undone if both parties agree. It's possible that you could buy the timeshare back from them, or even convince them to deed it back to you, but they'd also probably keep the $1995 you paid them. That's something you'd have to negotiate, but the law is unfortunately on their side.

If you have any questions or concerns about my response, please reply WITHOUT RATING. It's important that you are 100% satisfied with my courtesy and professionalism. Otherwise, please rate my service positively so I am paid for the time I spend answering questions. If you are on a mobile device, you may need to scroll to the right. There is no charge for follow-up questions. Thank you.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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