The question of cost is without a doubt the most common one we receive when folks contact us about canceling their timeshare contract. The standard reply we give everyone who asks this question is, "We would be happy to get you a price, and the way we do so follows a process we've been [...]
Life Sentence: Contractual Obligation to Pay a Timeshare Contract for Perpetuity Many timeshare owners feel trapped in their timeshare and feel they have nowhere to turn for help. They have likely already called the resort to see about getting out of their timeshare contract. In almost all cases they were told that is [...]
Many owners of timeshares sign the initial contract thinking that they will have yearly vacations at some luxurious resort. Others prefer timeshares so they can exchange their points for stays at various resorts across the country. But owners of timeshares often ask the question, what did they actually sign up for? Typically, purchasing a timeshare [...]
When you go through the complicated and emotional process of divorce, your frustration can increase dramatically if you need to decide on your timeshare ownership. People often prefer to address their timeshare ownership at the start of their divorce process. Otherwise, there is a chance that your process could be prolonged, making an already fraught [...]
Freedom from Burdensome Timeshares The age of the average owner of a timeshare is about 51 years. However, young travelers should understand the workings of the timeshare industry before pursuing it. This is imperative because there are a number of timeshare scams prevailing in the industry. Millennials go on vacations frequently, and typically they are [...]
How To Get Out of Paying Your Timeshare Maintenance Fees? If you own a timeshare, you likely know by now that you need to pay an annual fee to continue using it. This is actually referred to as an annual maintenance fee by those familiar with timeshares or the timeshare industry. Most of the time [...]
Once upon a time, there may have been a case for owning a timeshare. The promise of a yearly vacation at a reduced price was a compelling promise. And in some instances, certainly not all, the yearly maintenance fees were less than what it would cost to book a traditional hotel. The problem has always [...]
Timeshare agreements contain a "perpetuity clause", which means forever. You may think that this perpetuity clause ends when you die, but this is actually not the case. Timeshare perpetuity not only requires you to pay the costs of owning the timeshare for the rest of your life, but also after you pass away. In [...]
The statement “timeshare owner” gets thrown around quite a bit. The truth of the matter, however, is that timeshare owners really do not own anything. A timeshare contract is nothing more than a debt liability. So the question becomes, why are timeshare debt liabilities ever viewed by consumers to be assets? The short answer is [...]
A special assessment can be quite the shock for timeshare owners. The full extent of your financial obligations as a timeshare owner are not always realized when signing on the dotted line. It is not unless you read “The Resort Documents and Declarations” that you would be aware that the HOA has the legal right [...]
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