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Cancel your Orange Lake Timeshare
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Cancel your Orange Lake Timeshare
- December 7, 2021
Table of Contents
Canceling your Orange Lake Timeshare
Like most timeshare owners, you probably thought owing a timeshare (rather than renting a resort) would give you a homely experience. You have no fault in wanting to feel like you’re at home even when you are on vacation. Not only that, but you probably also thought buying a timeshare would be as rewarding as buying a land or owning a real estate property. So, you got an Orange Lake timeshare, not anticipating that you would ever have a reason to cancel.
Now you know why some people are against the idea of owning a timeshare in the first place. Maybe you have already lost interest in the Orange Lake timeshare and the only thing on your mind now is how to get out of the contract.
Don’t worry.–we have good news for you. There are ways to get out of your Orange Lake timeshare. But before then, let’s examine the nature of Orange Lake Resort.
What is Orange Lake Resort?
Orange Lake Resort is a resort located in Kissimmee, Florida. The company is near Kissimmee and Orlando’s top attractions. Orange Lake Resort qualifies as a family resort because there are rivers, waterslides, golf courses, and a number of kid-friendly activities made available by the resort. Also, Busch Gardens, Sea World, and Kennedy Space Center are nearby, which may add to your vacation experience.
Orange Lake Resort is a highly rated resort, but that does not mean that buying a timeshare from them a good investment. In fact, those who have done that in the past regretted ever doing so because they found it difficult to get rid of the timeshare when they finally decided to cancel the contract.
Orange Lake has 28 resorts across 14 states in the United States, and the interesting thing is that all those resorts have “that Holiday Inn brand name that millions of families have trusted for decades.” And a handful of their members also do not live far off. By joining their club, you will get “flexible points” and have access to some of their “partner networks.”
The company will also allow you to stay at your “favorite resort every year.” Unlike having access to choose just one destination if you have “a traditional vacation home,” owning a timeshare will give you the opportunity to choose among “13,000 places worldwide.”
Orange Lake Timeshare Process
If you want to buy a timeshare from Orange Lake Resort, there are just three steps involved. The first step is taking a “test drive.” Here, you will be given the opportunity to vacation with them even if you are not a member yet. That will give you the chance to check out the resort before you make a final decision.
This can be done in two ways: by renting a room, “just like a hotel,” and by grabbing a gateway. By renting a room, you will be able to stay with Orange Lake for a while. But before the end of your stay, you are expected to make a decision about whether you will be buying a timeshare or not.
By grabbing a gateway, you will stay at a partner hotel that is nearby, where you will travel to their Resort and see the place for yourself. However, regardless of the option you choose, the goal is still the same: check before you buy.
The second step is meeting with the resort, either online or physically in person, to gather more information about the timeshare. At this stage, you will have the chance to ask questions about the timeshare and receive answers. Afterwards, you can then make the purchase.
Cost
On the average, timeshare owners pay “$15,870 on their initial purchase of 75,000 points.” The company’s most popular membership costs $44,000 and that gets the member 200,000 points. This membership has greater advantages.
However, you will be paying certain fees that will be used for the “upkeep” of the timeshare. This is where the problems lie for some timeshare owners. If you feel like you are trapped in a timeshare contract, this article details ways you can get rid of your timeshare burden.
How to Cancel Your Orange Lake Timeshare
1. Target a Rescission Period
It is possible that you lose interest in Orange Lake timeshare–even if you just got the timeshare. This may be because of a number of factors. Perhaps have learned some facts about Orange Lake that would have prompted you to go against owning a timeshare if you had known earlier. But since you found out later, you find yourself in a very difficult position and feel like your only option was to sign the deal. And so you did.
Another factor may be that a change of plan necessitates that you change your timeshare as well. So, if you find yourself in a situation like these, you can still get out of the deal since you just bought the timeshare. You can take the advantage of state rescission laws which forces the resort company to cancel the contract and give you your money back–no questions asked. This method is free and will entitle you to a full refund.
Please note, however, that Orange Lake Resort does not have a long period of rescission. You only have 13 days to rescind the contract. If you miss out on this option, you should explore the company’s Deedback program.
2. Orange Lake Offers a Deedback Program
Orange Lake also offers this program, but it comes at a cost. The company may demand a certain amount of money from you in order to take back your timeshare. But while you will have to pay a fee for this program, you won’t have to pay any maintenance fees. Orange Lake may not take the timeshare back if you owe a mortgage on the timeshare or owe outstanding maintenance fees. In that case, you may have to consider another option if you are eager to exit your Orange Lake timeshare.
3. Advertise the Timeshare on a Resale Market
Are you about to give up? Do you feel like all hope was lost since you cannot rescind the contract nor benefit from Orange Lake’s deed back program? Worry not! You still can sell the timeshare by putting it on resale markets like eBay, Craigslist, My Resort Network, Red Week, etc. Some of these sites charge fees for advertising. While Craigslist will advertise your timeshare for free, eBay costs $50. My Resort Network charges €34.95, Tug2, $15/year membership, and Reed Week’s fee is between $59.99 and $125.
One worrying thing about this method of exit is that it could be very difficult to find a buyer. This is because there are many other timeshare owners in the same market as you– perhaps even willing give their timeshare away for free. So, no matter how attractive your timeshare is, and no matter where it is located, you will not make money selling your Orange Lake timeshare. Timeshare depreciate immediately, and this is why an Orange Lake timeshare is never a good investment.
4. Hire a Timeshare Exit Company
You may find going into a resale market uninteresting and decide to skip that method. If so, you still have another exit plan in choosing to hire a timeshare exit company. Timeshare exit companies are professional companies that focus on getting their customers out of their timeshare contract, especially when a customer has been tricked into buying a timeshare. These companies will argue in their customer’s favor and ensure the contract is terminated.
Some timeshare exit companies even go so far as to help their customers get back their money. Although this is not always the case, it is not impossible. While some companies offer a money-back guarantee and demand and upfront fee, some offer an escrow payment option. We always recommend that you hire a timeshare exit company that uses the escrow payment option. Doing so will keep you from getting scammed. Truth be told, the timeshare exit industry is full of illegitimate people who are only after your money.
Conclusion
We care about you and do not want to see you suffer because of Orange Lake timeshare. Here we’ve worked to help you gather some of those exit plans. Weigh these options carefully and decide on the plan that will be the best for you.