If you’re one of the many consumers who bought a timeshare and now realize that it wasn’t a good idea, you may be interested in getting rid of it. Timeshare relief can help you get out of your contract and get your money back.
While many of these companies claim to have the ability to terminate or release owners from their timeshare contracts, it’s unclear how they do so. They may not even be capable of performing the work they promise. There are three types of companies that make this claim: resale firms, which offer to sell the timeshare; transfer companies, which attempt to avoid the developers altogether and transfer the ownership to a third party without the original owner’s mortgage or maintenance fees attached; and advocacy companies, which provide legal representation for consumers in their timeshare litigation and disputes with their developers.
Some of these companies are owned by ex-timeshare salespersons and, in some cases, have an affiliation with specific resorts seeking to take back some of their unwanted inventory at certain times. This is why these companies often achieve some initial takeback success. But, these takebacks are temporary and the resorts will fill up again in due course.
Timeshare relief companies that claim to help consumers cancel, terminate or sell their timeshares usually charge upfront fees of up to tens of thousands of dollars. They may also impose steep “incentive fees” and charge high maintenance fees that continue to increase over time. Many consumers end up paying far more than they expected for these services, and some even lose their homes.
These firms have been accused of a variety of fraudulent practices, including asking for exhorbitant upfront fees and falsely claiming to be able to cancel or cancel timeshare contracts. Some even claim to have a money-back guarantee, but the guarantees are worthless because these companies are not regulated. Moreover, it is common for these firms to send clients to resale companies or other legitimate timeshare relief services and then tell the client to stop paying their maintenance fees.
There are many scammers that prey on consumers who are desperate to escape their timeshares. Despite the fact that most of these firms are illegal, consumers are willing to give them their hard-earned money in the hope that they will be able to break free from their contracts. This is why it’s important for consumers to research and choose a reputable company that offers guaranteed timeshare relief solutions. We recommend choosing a company that offers a one on one customer service experience. This means that you will always work with a single representative and build a relationship with them so that they know your situation and are able to help you out. This way, you don’t have to worry about having to explain your entire situation over and over again to a different person each time you call. This will save you both time and money in the long run.