Whichever route you take to get out of a timeshare, the resort isn’t going to make it easy on you. If you’ve experienced multiple layers of deceit (3rd party resale, cheap attorneys or phony exit programs), then it can be difficult to have confidence in your decision. We hope that explaining every one of your options in detail will help you choose wisely.
Earlier this year, the Massanutten Property Owners Association was notified by the Great Eastern Resort Management team that weekly intervals would be terminated by the end of 2019. Since the MPOA expects revenue loss, property owners of the small tourist town in Virginia are worried about being forced to cover unpaid special assessments.
For the most part, fractional ownership is one of those major purchase decisions that can be a shot in the dark. Whether potential buyers know nothing about timeshare travel or they are fully aware of the industry’s pitfalls, both are essentially rolling the dice when they don’t thoroughly analyze what they’re signing up for.
The Canadian Government has taken notice of the deceit during sales presentations and has issued timeshare travel warnings for those considering a property in Mexico. Apparently, certain resorts have been asking buyers to sign an additional contract that permits them from ever terminating the purchase.
Most owners are eager to refinance their timeshare because they’ve been battling high interest since making the purchase. Like we’ve mentioned before, timeshare presentations do a great job of misleading potential buyers. Many would have never signed the agreement had the timeshare salesman not told them they could revise their borrowing rate shortly after signing.
Although many buyers fail to properly document the transaction, the Overtons did not. After getting everything in writing, they felt pretty good about the purchase. The problem was, the contract they signed wasn’t for a fixed week, it was for a floating unit.
At some point in time, you’re going to have to realize that whatever you were promised during the timeshare presentation is questionable at best. To the timeshare, it never happened if you can’t prove it. You’ve signed an agreement and they’re going to do everything in their power to collect the payments you already acknowledged – whether you agree or not.
While a majority of timeshare grievances pertain to unethical advertising and sales tactics, the experience itself has been in question. Hundreds of buyers have consistently complained about the timeshare product while some feel they’ve been harassed to pay an amount they never agreed to.
When it comes to most major purchases, borrowing money is a common way to get what you want. The ability to easily do so in today’s culture is the main reason why so many people are in debt. Things that used to be out of reach can be had for “affordable” monthly payments.
Fractional owners are commonly blamed for their own financial hardships. But the resort should better prepare them for these situations. Many buyers can’t really afford the travel purchase to begin with. When interest and extra fees overwhelm them, they normally believe they’ve made a huge mistake.
Timeshare companies continue to prove they have no interest in improving timeshare products or the overall experience of the purchase. Now that people are canceling vacation ownership more than ever before, developers are frantically trying to slander relief while attracting new buyers.
After getting his identity stolen by a timeshare relief scam, attorney David Eaton began receiving strange complaints regarding timeshare resale services. Callers were demanding a refund and claimed that Mr. Eaton had defrauded them. Initially, he labeled the occurrences as misunderstandings, but he quickly realized a bigger problem was at hand.
What usually comes as a surprise to owners is the timeshare’s unwillingness to help them without additional costs. This naturally causes disgruntled owners to look elsewhere for relief. But in most instances, what ends up happening is their desperation gets taken advantage of by third party exit scams. Once they realize they’ve wasted even more capital, they’re not too happy with the resort – and rightfully so.
Nazret Gebremeskel, Michael and AnnaMarie Deneen, and Erin and Paul Munoz are pursuing the hospitality giant for multiple misrepresentations. They claim that some of the features of Wyndham’s timeshare program weren’t available. Whether it was availability, point values, cleaning services or parking options, each owner didn’t receive what they were promised.
Since the current narrative of the timeshare industry surrounds dissatisfaction, resorts are desperate to take the attention off of themselves. Especially when people are scammed because the resort failed to satisfy them. This is why timeshare companies are now trying to discourage owners from communicating with any type of third party timeshare relief program. Scam or not, they’d rather control the narrative.
