Timeshare relief is an option available to those who want to get out of their timeshare contracts. There are several reasons why you might be interested in doing this. Some of the most common are if you are no longer able to afford your timeshare, or if you are having difficulty selling your timeshare. You may also be looking to avoid the penalties and interest rates that are associated with a timeshare loan.
A timeshare relief company specializes in transferring your timeshare ownership to a new entity. Some of these companies act as inventory recovery agents for timeshare developers, while others offer a money back guarantee.
If you are considering taking advantage of a timeshare relief service, you need to be careful. It is important to know that the company that you work with is ethically obligated to take good care of its clients. Also, it is a good idea to consult with a lawyer before signing any paperwork. The lawyer can help you understand your legal rights, and structure the best course of action for your situation.
One of the biggest problems with timeshare relief companies is that they often charge thousands of dollars to take a timeshare off your hands. In some cases, these companies are even attempting to transfer your timeshare interests to a “shell” company, which will then allow the owner to sell their timeshare for more money. Those who fall prey to these practices are often left out of pocket and in debt.
Those who are considering a timeshare relief solution should first contact the resort. They can also call member services to inquire about options, and to inquire if there are any fees for canceling or removing a timeshare.
If you are unable to find a resort or resort owner to help you with your problem, you can also consider hiring a lawyer. This will ensure that you understand the contract and that you are avoiding the consequences of the worst possible outcome. Additionally, a timeshare attorney can also assist you with filing the appropriate paperwork.
Another reason why you should seek help from a lawyer is because many of these firms aren’t regulated. These companies are typically sole proprietor firms. That means they don’t have to follow the same rules and regulations that other businesses do.
Several major timeshare exit companies have been sued in Florida. The suits allege that they were fraudulent in their exit processes. However, the lawsuits have been denied by a US District Judge. As a result, the suits represent a step toward regulating the unregulated timeshare exit industry.
There are plenty of companies that offer timeshare relief options, but if you don’t know what you are getting into, it is a good idea to take your time. Choose a company that will explain the different options to you, and will provide you with a clear explanation of the results of each.
You also have to be sure that the company will refund you the money you pay upfront. This is because if you fail to pay your bills, it will affect your credit score, and can cause you to be sued.