How To Cancel Marriott Vacation Club Timeshare?

Are you looking to cancel your Marriott Vacation Club timeshare? You’re not alone. Many people find themselves in the same situation, and for a variety of reasons. Maybe you’re no longer able to afford the payments, or maybe you’ve simply changed your mind about owning a timeshare. Whatever the reason, canceling your Marriott Vacation Club timeshare can be a daunting task.

But don’t worry, we’re here to help. In this article, we’ll walk you through the steps of canceling your Marriott Vacation Club timeshare, from start to finish. We’ll cover everything you need to know, including:

• The different ways to cancel your timeshare
• The pros and cons of each method
• The costs involved
• The timeline for cancellation
• What to do if you’re having trouble canceling your timeshare

So if you’re ready to take the next step, keep reading. We’ll help you get the process started so you can finally be free from your timeshare.

Step	Action	Notes
1	Call Marriott Vacation Club at 1-800-869-7667	You will be connected to a customer service representative.
2	Provide your name, address, and timeshare information	The customer service representative will need this information to process your request.
3	Provide your reason for cancellation	The customer service representative will need to know why you are cancelling your timeshare.
4	Sign and return the cancellation form	The customer service representative will provide you with a cancellation form. You will need to sign and return the form to Marriott Vacation Club.
5	Receive your refund	Marriott Vacation Club will process your refund and send it to you via check or direct deposit.

How to Cancel a Marriott Vacation Club Timeshare

If you’re considering canceling your Marriott Vacation Club timeshare, you have a few options. The best option for you will depend on your individual circumstances.

Your Options for Canceling

There are four main ways to cancel a Marriott Vacation Club timeshare:

• Voluntary cancellation
• Deed-in-lieu of foreclosure
• Bankruptcy
• Short sale

Let’s take a closer look at each of these options.

Voluntary cancellation

Voluntary cancellation is the most straightforward way to cancel your Marriott Vacation Club timeshare. To cancel voluntarily, you must submit a written request to Marriott Vacation Club. The request must include the following information:

• Your name
• Your Marriott Vacation Club membership number
• The date you want your membership to be canceled
• Your reason for canceling

Once you submit your request, Marriott Vacation Club will review it and send you a confirmation letter. Your membership will be canceled on the date specified in your request.

Deed-in-lieu of foreclosure

A deed-in-lieu of foreclosure is a legal document that you sign to give your timeshare back to Marriott Vacation Club. In exchange, Marriott Vacation Club will forgive your remaining loan balance.

A deed-in-lieu of foreclosure is a good option if you’re facing foreclosure on your timeshare. It can help you avoid the hassle and expense of a foreclosure. However, it’s important to note that you will still lose your timeshare, and you may have to pay some fees.

Bankruptcy

Bankruptcy is another way to cancel your Marriott Vacation Club timeshare. If you file for bankruptcy, your timeshare will be considered an asset. The bankruptcy court will decide whether to sell your timeshare or keep it for you. If the court sells your timeshare, the proceeds will be used to pay your creditors.

Bankruptcy is a drastic step, and it should only be considered as a last resort. Filing for bankruptcy can have a negative impact on your credit score and your ability to borrow money in the future.

Short sale

A short sale is a sale of a property for less than the amount owed on the mortgage. A short sale can be a good option if you’re underwater on your timeshare loan and you can’t afford to make the payments.

To sell your timeshare through a short sale, you’ll need to find a buyer who is willing to pay less than the amount owed on your loan. You’ll also need to get approval from your lender.

A short sale can be a complex process, and it’s important to work with a qualified real estate agent and attorney.

The Process of Canceling

The process of canceling your Marriott Vacation Club timeshare will vary depending on the option you choose. However, the following steps are generally involved:

1. Gather your documents. You’ll need to gather the following documents to cancel your timeshare:

• Your Marriott Vacation Club membership agreement
• Your loan documents
• Any other documents related to your timeshare

2. Submit your cancellation request. Once you have gathered your documents, you can submit your cancellation request to Marriott Vacation Club. You can do this by mail, fax, or online.
3. Follow up on your request. It’s important to follow up on your cancellation request to make sure that it’s been processed correctly. You can do this by calling Marriott Vacation Club or by checking your account online.

Once your cancellation request has been processed, you’ll receive a confirmation letter from Marriott Vacation Club. Your timeshare will be canceled on the date specified in your request.

Canceling your Marriott Vacation Club timeshare can be a complex process, but it’s important to remember that you have options. By choosing the right option for you, you can avoid the hassle and expense of foreclosure or bankruptcy.

If you’re considering canceling your Marriott Vacation Club timeshare, be sure to consult with a qualified real estate agent or attorney. They can help you understand your options and make the best decision for your situation.

3. The Costs of Canceling

There are a number of costs associated with canceling a Marriott Vacation Club timeshare. These costs can vary depending on the specific terms of your contract, but some of the most common fees include:

• Early termination fees: These fees are charged when you cancel your timeshare before the end of your contract term. The amount of the fee will depend on how long you have left on your contract, and it can range from a few thousand dollars to tens of thousands of dollars.
• Resale fees: If you cancel your timeshare, you will be responsible for paying a resale fee. This fee is typically around 10% of the sales price of your timeshare, and it is used to cover the costs of marketing and selling your timeshare.
• Other fees: In addition to the early termination and resale fees, you may also be responsible for paying other fees, such as transfer fees, processing fees, and legal fees.

It is important to be aware of all of the costs associated with canceling your timeshare before you make a decision. Be sure to read your contract carefully and consult with an attorney if you have any questions.

4. The Implications of Canceling

When you cancel your Marriott Vacation Club timeshare, there are a number of implications that you should be aware of. These implications include:

• Losing your right to use your timeshare: When you cancel your timeshare, you will no longer have the right to use it. This means that you will not be able to stay at any of the Marriott Vacation Club resorts, and you will not be able to use any of the benefits that come with your timeshare membership.
• Losing your right to sell your timeshare: If you cancel your timeshare, you will also lose your right to sell it. This means that you will not be able to recoup any of the money that you invested in your timeshare.
• Losing your right to transfer your timeshare: When you cancel your timeshare, you will also lose your right to transfer it. This means that you will not be able to give your timeshare to someone else, and you will not be able to sell it to a third party.

It is important to weigh the costs and implications of canceling your timeshare before you make a decision. If you are not sure whether or not canceling your timeshare is the right decision for you, be sure to consult with an attorney.

Canceling a Marriott Vacation Club timeshare can be a complex and expensive process. There are a number of costs and implications associated with canceling your timeshare, and it is important to be aware of these before you make a decision. If you are considering canceling your timeshare, be sure to read your contract carefully and consult with an attorney.

How do I cancel my Marriott Vacation Club timeshare?

There are a few different ways to cancel your Marriott Vacation Club timeshare. You can:

• Call Marriott Vacation Club directly. The phone number is 1-800-869-6787.
• Submit a written request to cancel. You can find a cancellation form on the Marriott Vacation Club website.
• Work with a timeshare exit company. A timeshare exit company can help you navigate the cancellation process and get the best possible outcome.

What is the cancellation fee for a Marriott Vacation Club timeshare?

The cancellation fee for a Marriott Vacation Club timeshare depends on the type of contract you have and how long you have owned the timeshare. In general, the cancellation fee is a percentage of the purchase price of the timeshare.

Can I get a refund for my Marriott Vacation Club timeshare?

It is possible to get a refund for your Marriott Vacation Club timeshare, but it depends on the terms of your contract. In some cases, you may be able to get a full refund if you cancel within a certain period of time. However, in most cases, you will only be eligible for a partial refund.

What are the pros and cons of cancelling my Marriott Vacation Club timeshare?

There are a few pros and cons to cancelling your Marriott Vacation Club timeshare. Some of the pros include:

• You will no longer be obligated to make monthly payments or pay maintenance fees.
• You will be free to use your vacation time however you want.
• You will no longer have to worry about the resale value of your timeshare.

Some of the cons of cancelling your Marriott Vacation Club timeshare include:

• You may have to pay a cancellation fee.
• You may not be able to get a full refund for your timeshare.
• You may lose any equity you have built up in your timeshare.

How do I avoid the pitfalls of cancelling my Marriott Vacation Club timeshare?

There are a few things you can do to avoid the pitfalls of cancelling your Marriott Vacation Club timeshare. These include:

• Do your research. Make sure you understand the terms of your contract and the cancellation process before you take any action.
• Get professional help. A timeshare exit company can help you navigate the cancellation process and get the best possible outcome.
• Be prepared to negotiate. You may be able to negotiate a lower cancellation fee or a full refund if you are willing to work with Marriott Vacation Club.

What are my other options if I want to get out of my Marriott Vacation Club timeshare?

In addition to cancelling your timeshare, you may also have the option to sell it, trade it, or rent it out. Selling your timeshare can be a challenge, but it is possible to get a good price if you market it to the right buyers. Trading your timeshare for another timeshare can be a good option if you are looking for a different vacation destination. Renting out your timeshare can be a good way to generate income, but it is important to make sure you are aware of the costs involved.

canceling a Marriott Vacation Club timeshare can be a difficult and time-consuming process. However, by following the steps outlined in this article, you can increase your chances of success. Be sure to read the fine print of your contract carefully, and keep in mind that there may be fees associated with canceling your timeshare. If you are still having trouble, you may want to consider hiring a lawyer or timeshare exit company to help you.