We know the timeshare sales industry inside and out. Everything from the intitial high pressure sales presentations, to the contracts they use, to the unrealistic and often deceptive picture they portray of timeshare ownership. These are just some of the tactics we have effectively implemented over the past 15 years to create the proper environment for successful customer exit negotiations. Asa general policy the vast majority of Resorts would rather negotiate the release of our limited number of clients then have their entire history of flagrant abuses and borderline fraudulent acts exposed.
You're timeshare purchase what is most likely touted as a wonderful investment opportunity that would benefit your family for years to come. They never told you that your timeshare was actually an unusable financial burden that increased yearly, and gobbled up your family's disposable income for eternity.
There are different types of timeshares. Although your timeshare contract may have given you partial equity in the underlying property, you most likely bought only the right to use that property for a specific amount of time every year. Your timeshare is therefore likely to depreciate in value because potential buyers will be drawn to newer properties that offer more amenities.
Your investment is also very illiquid. Unlike investments like stocks that can be sold almost immediately for cash, your timeshare may be very difficult or even impossible to sell. This means that you may not be able to convert your investment to cash should the need arise. Ownership becomes even more of a bad investment if the purchase was made by using a high-interest loan.
Your timeshare purchase contract most likely contains a perpetuity clause. This could have been touted as a benefit when you purchased the timeshare because your spouse and children would continue to enjoy the use of the property in the event of your death. However, a perpetuity clause has several distinct disadvantages. The first is that you are still responsible for paying fees even if you become unable to use the property because of advanced age or physical disabilities.
You also should know that your spouse and children will inherit the fees that you are presently paying, and that could be a huge financial burden they are not expecting. If your family is unable to meet those obligations, the resort may foreclose on their property, which would inflict further damage on their financial future.
Get my Free ConsultationSome resorts do an inadequate job of maintaining their property. They let it degrade to the point that maintenance costs skyrocket, and they may try to recover their costs by charging you excess fees. Even with proper maintenance, costs and fees typically increase from year to year because of inflation. You may also be expected to bear a portion of the cost to repair buildings and other facilities damaged by severe weather like hurricanes, tropical storms and tornadoes.
Additionally, you may be saddled with special assessment fees for such improvements as an upgraded lobby, the addition of sports facilities or rewiring buildings to improve internet speeds. Resorts have even been known to charge special assessment fees to upgrade facilities so that the resort could be sold at a higher price.
Get my Free ConsultationMost resorts do not want you to sell, cancel or otherwise exit your timeshare because they depend on your fees to keep them in business. If you approach them for help, they will probably tell you that you cannot exit your timeshare after the rescission period as specified in your contract. In other words, they will say that you are legally obligated to honor the contract or contracts that you signed and have no recourse.
They may even threaten legal action if you attempt a timeshare cancellation. If you inquire about selling your timeshare, the resort may quote you an artificially low price in order to discourage you because they would rather sell their timeshares than to assist you in selling yours. After all, that is the business they are in.
Get my Free ConsultationWhile it is possible to perform a timeshare cancellation without a timeshare lawyer, there are many benefits to hiring one. First, a timeshare lawyer will quickly be able to spot any illegal clauses in your contract, which could serve as grounds for a timeshare cancellation. A timeshare lawyer could also help to speed up the process of exiting a contract or reaching a settlement agreement. This could save you a considerable amount of money in future fees.
A timeshare lawyer can also provide protection from debt collection agencies if you fall behind in your payments. The debt collection agency would be forced to deal with your lawyer rather than with you. You will also be under much less stress if you hire a timeshare lawyer rather than attempting a timeshare cancellation on your own.
Get my Free ConsultationIf you regret buying a timeshare and would like to know more about how to cancel your agreement, contact Timeshare Relief Program today for a free consultation. One of our experts will be glad to discuss your situation with you to see if you qualify. If so, we will explain the process in detail so that you know exactly what to expect.
During our 18 years of helping more than 20,000 clients cancel their timeshares, we have been awarded with 140 positive reviews without having received one single complaint from a client who used our services. Additionally, we have received an A+ rating from the Better Business Bureau and offer a 100 percent money-back guarantee.
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