Timeshare Contract Loopholes
If you’re looking for timeshare contract loopholes, this article may be vital for you.
The timeshare industry has changed a lot in the past few decades. There have been quite a few loopholes in the past, donating your timeshare is one of them. Donation For A Cause was a timeshare donation company, where timeshare owners can write their timeshare as a donation. As you already know, timeshares are not an asset because of the increasing fees. The department of justice shut down the option to donate your timeshare due to this fact. If you are looking for timeshare loopholes you are most likely interested in getting rid of your timeshare, there are a lot of timeshare exit companies that claim they can help you get out of your timeshare. If you choose a particular exit company, always make sure they have a legal process or if they have an attorney who aides with cancellation. Having an attorney is just an asset on its own because you are legally protected.
There are a lot of timeshare scams when you are shopping for a timeshare exit company, be aware. Read more about timeshare scams so you can protect yourself. The most common and legitimate way a timeshare exit company can help you cancel your timeshare is through either looking for misrepresentations in your contract or misrepresentations you faced when you purchased the timeshare. There are a few misrepresentations that 90% of timeshare owners face during their purchase. If you faced any of these misrepresentations during your timeshare purchase, initiate a Live Chat immediately. You may have some legal options to exit your contract.
The ability to rent or resell your timeshare: A common misrepresentation is that you will be able to sell your timeshare for a profit. The sales representative might even say the timeshare company will purchase the timeshare back if you don’t want the property, or you can rent your timeshare, sell your points or weeks in order to cover maintenance fees, mortgage payments, and any other costs associated with your timeshare.
Timeshare maintenance fees: You have to understand the maintenance fees associated with your timeshare ownership will go up with time. If the salesperson stated that your maintenance fees never increase or that your maintenance fees can be off-set, this might be an area of misrepresentation. Timeshare contracts also state the maintenance fees can increase yearly, and timeshare owners are liable for any property damage by natural disasters.
Timeshare Exit Companies
There are a vast majority of timeshare exit companies that help owners exit their contracts. As we mentioned in this article, misrepresentations are the critical focus for many timeshare exit companies. We do want to let you know that some timeshare exit companies prey on owners looking to exit their contracts. These companies typically charge you a substantial fee up-front to exit your timeshare contract. For this situation, we recommend working with timeshare exit companies that offer no-up front costs, so you are protected from scams. Escrow might be essential for you if you are skeptical of the timeshare exit process, read more about escrow.
Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal right so you can exit your timeshare contract. Read over our website and fill out the form on the right or contact us through Live Chat for a free informational consultation.