There will be any number of good, personal and business and financial reasons for wishing to cancel ownership of a timeshare unit. There are also poor reasons for doing so. These should have been avoided from the outset. But all to no avail. Previously, wishing for a timeshare cancellation would have been akin to trying to get out of a heavy traffic jam. Because of the financial implications, it could also be likened to trying unsuccessfully to get out of debt. It was like getting into a debt trap, never knowing how to extricate yourself from it.
It is still the case today that most middle income earners are able to afford at least one get away from home vacation a year. But these middle income owners, even managing to go abroad, would still have to be budget conscious with this luxury, a luxury that many others, still to this day, simply would never be able to afford. Back in the day there was great excitement when the timeshare concept was developed and introduced to the unsuspecting public. The impression was given that this was a holiday concept far better and certainly more luxurious than staying in a rustic caravan park or motel room.
The luxuries sold came quite close to those already offered by four to five-star hotel developments, but at a perceptively more affordable price. Also, these were not rooms to be rented for the duration of a vacation stay, these were self-catering apartments which you owned. A holiday apartment that you owned! An apartment away from home. The excitement soon died down once timeshare owners began to experience all of its inconveniences. Setting aside these, current owners now have the expert legal means to free them of their irritations.