Timeshares often sound like a fantastic deal. The salespeople responsible for pushing them on customers are excellent at what they do, and it’s not until later that people realize they’ve been had.
From hidden fees to boredom setting in after vacationing in the same locations for years, there are plenty of reasons to want to get out of a timeshare. Unfortunately, there are limited options for exiting a timeshare legally, and it can be hard to find legitimate help.
Avoiding Scams
Just like plenty of timeshare salespeople are more or less scam artists, most of the companies that claim to offer timeshare exit help are also fraudulent. Some are even committing serious crimes, such as the unauthorized practice of law or advising upon legal contracts without a license to practice law. The easiest way to find legitimate help is to contact aca group and get in touch with a real timeshare lawyer.
Understanding Rescission Periods
Like mortgages, timeshare agreements come with rescission periods. What that means is that for a specified amount of time after signing a contract to purchase a timeshare or upgrade, the buyer has the right of rescission. They may be able to cancel the contract and receive a full refund.
Most people still require the help of a lawyer to exercise this right. Just don’t delay. Whether buyers want to research their rights and submit the required paperwork themselves or find an attorney who can help, there’s only a short period in which they can act before it becomes harder to exit a timeshare.
Disclosures, Warnings, and Advisories
There are certain regulations set by the government that are specifically designed to protect timeshare purchases. More specifically, these advisories may warn consumers that timeshares are not appreciating assets and are not easy to sell.
Resorts are required to make certain disclosures. They warn against relying on sales representatives’ oral promises and clarify that timeshares are not a good investment. If a resort doesn’t make the necessary disclosures before a timeshare buyer signs on the dotted line, the buyer may be able to sue the resort to get out of the contract and get their money back.
Finding Loopholes
Even if someone has owned a timeshare for years and has determined that the company made all appropriate disclosures, it may still be possible to get out of the agreement. There are often loopholes in contract terms and conditions that can work in a timeshare owner’s favor, though it’s rarely the case that people without a legal background can identify them. More often than not, it’s hidden clauses, deceptive language, and minute discrepancies that get people out of timeshare ownership.
Negotiating With Timeshare Companies
In some cases, it’s possible to exit a timeshare without having to go through lengthy legal proceedings. Timeshare owners generally need experienced negotiators on their sides who can advocate for their rights. Remember, the resorts all have legal teams available to support them in negotiations. Buyers can only level the playing field by hiring their own licensed attorneys.
Exiting Timeshares the Right Way
Attempting to exit a timeshare and going about it the wrong way can lead to even more expenses and fees. Working with timeshare companies that don’t use attorney-based strategies is almost always a waste of time and money, and scams abound. Take the right approach by finding a legal team that can help.