Let’s face it, as a nation and world wide, we’ve been facing a financial recession for quite some time. This financial recession has lead to several timeshare owners facing financial hardships. Knowing that if they sell their timeshares they will not get enough money to pay the timeshare mortgages, many consumers feel that going into foreclosure will be their best bet. Until…Timeshare elimination comes into the picture.
Timeshare elimination is a legal process that has provided an amazing amount of people with relief over the past couple years. The process although simple by nature seems a bit difficult for several consumers to believe is possible. This is understandable because timeshare elimination does the remarkable task of deeding a timeshare back to the developer based on discrepancies in the sales process. Also, since timeshare cancellation follows a process that puts the developer in the wrong, several people actually recover a portion or all of the money spent for the timeshare. For the consumers who have been attempting to sell their timeshares and give them back to the developers for years, this is a hard fact to take.
Most consumers are probably thinking “If I’ve been trying to do this for years, what makes a timeshare cancellation company so special”. Well, lets look at it from a different point of view. How many Americans do you know that would go to court without an attorney? Consumers feel comfortable hiring an attorney for court because, they feel as though that attorney knows what they need to to win the case. The legal process of timeshare elimination is no different. Although, consumers may try to cancel their timeshares on their own, many of them don’t know the laws that make it possible.
As a matter of fact, there are 52 rules that timeshare sales representatives must follow when selling timeshares to consumers. Although, I probably won’t be allowed to type out a whole legislation on this website (too many words) here are the most commonly broken rules:
Tours longer than an hour and a half: Studies show that Americans who look at a luxury product for longer than 90 minutes, they feel more of a sense of urgency to buy that product without rational thought. Therefore, it is unlawful for timeshare sales representatives to sell a timeshare after a presentation that lasts longer than 90 minutes.
Creating a rush situation: Many timeshare sales representatives rush Americans into making a decision by providing a false sense of urgency, asking them to “skim” over the paperwork instead of reading it and other tactics. These tactics are not tolerated in the court of law!
Because of all of the legalities associated with timeshares, it is advisable that consumers hire a professional for this process. Remember, don’t go to court without an attorney! However, before you choose any company to help, it is important to do your research and make sure that the company is on the up and up!