Source: https://www.redemptionandrelease.com/canceling-timeshare-contract-alabama/
Timestamp: 2019-04-24 02:55:57+00:00

Document:
Wondering how to cancel a timeshare in Alabama? Canceling a timeshare in Alabama is possible due to Alabama laws specifically created to protect timeshare buyers.
Still, purchasing a timeshare in Alabama shouldn’t be undertaken without careful consideration. Alabama timeshare law does offer a few protective measures to timeshare buyers but if you don’t act in the alloted time frame, you may miss out.
For example, Alabama timeshare law stipulates that timeshare salespeople must provide some disclosures and provides cancellation rights to buyers if they act within the time period detailed below. However, you are not protected against foreclosure if you don’t pay your agreed-upon timeshare mortgage or maintenance fees.
All of the above is in accordance to Ala. Code § 34-27-53, § 34-27-59.
As a buyer of a timeshare in Alabama, you have the legal right to cancel the contract inside five days of signing. On the off chance that the 5th day is a Sunday, the cancellation deadline date extends to Monday as the 5th day (see Ala. Code § 34-27-53).
To cancel an Alabama timeshare contract, the buyer must send written notice to the timeshare seller in using certified mail and return receipt requested (Ala. Code § 34-27-53). It’s an infringement of Alabama law for the timeshare seller to neglect to honor a written request to cancel a timeshare contract if it has been properly submitted (Ala. Code § 34-27-54).
In the event that you cancel an Alabama timeshare contract prior to receipt of benefits of the contract as originally agreed upon, the timeshare developer is obligated to refund your payment within 20 days of the receipt of the written cancellation.
In the event that the timeshare buyer did receive benefits as per the agreement, the developer must refund the payment inside 30 days, less the value of the benefits received (Ala. Code § 34-27-55).
Alabama timeshare law requires that a public offering statement is provided to the timeshare buyer. This document contains detailed data about the entire timeshare project and imperative factors timeshare buyers need to take into consideration when purchasing a timeshare. (Ala. Code § 34-27-51).
See Ala. Code § 34-27-60 for details.
Adding terms to the contract that mention any waiving of rights or benefits that are established by Alabama timeshare law including the right to cancel the timeshare contract.
Those who sell or perform brokering services for the sale of timeshares must have real estate licenses in the state of Alabama.
Timeshare owners who bought their deeded timeshare with a loan and fail to keep up with the payments or neglect to pay assessments will most likely face Alabama timeshare forclosure, as with any other deeded real estate property.
Past your 5 days? Need to know how to cancel a timeshare contract in Alabama?
If you are past your 5 days and still wish to take the steps on how to cancel a timeshare contract in Alabama, please give us a call at 1-888-743-9051 for a Free Consultation.
Redemption and Release, LLC can make canceling a timeshare contract in Alabama easy and cost-effective. Use our Online Contact Form to request free, no-obligation information about canceling a timeshare contract in Alabama. Take the steps to become timeshare free today!

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