Even after the timeshare company confirmed the cancellation, the Lusks continued to receive bills in the mail. When they called the resort, they were told the contract was still valid. Despite a confirmation letter from Diamond, they were still being held responsible for payments. “It was a nightmare,” Frank said.
While Las Vegas may not seem like an ideal place for timeshare developers, there are plenty of ways they use the city to maximize revenue. Although it may not be ideal for American travelers to purchase an annual vacation across the World, Las Vegas always gets their attention. So before we explain why Las Vegas timeshare owners are exiting their contracts, let’s discuss a few of the deceptive practices being used to get people to make a lifetime travel commitment to Sin City.
Knowing what timeshare ownership might entail is enough to persuade vacationers to pursue other travel options. Instead of waiting for timeshare companies to get with the program, consumers seem content with watching the entity fade off into the sunset. Unless the industry makes a hard right turn, it’s difficult to envision a mass recovery over a mass exodus.
When it comes to timeshare scams, even people that know real estate can be easily taken advantage of. This was proven when a savvy realtor was led to believe he could make money on his timeshare property. After being robbed of more than $24,000 for trying to sell his Garza Blanca Resort property in Puerto Vallarta, Mexico, Darren is now speaking up about his experience.
It seems that one can’t turn on the news today without discovering some new scam. As the public becomes aware of the tactics, criminals seem to always be one step ahead. Because of this, the attorney general of California sent out a warning to protect consumers from being victimized by timeshare scams during their distress.
The first deceptive practice cited was false statements regarding maintenance fees. They also lied about owner’s ability to sell their timeshares to the public. Salespersons also actively deceived potential owners by leading them to believe that there was a buy-back program.
Timeshare Fraud Results in $6.5 Million Settlement The Attorney General of New York recently released a statement regarding the illegal practices of the owners and
Even though consumers have become more informed over time, a layer of protection is needed now more than ever before. Since the internet provides a boatload of inaccurate information, it’s important that people can make educated decisions before signing over tens of thousands of dollars. While most of society is aware of what timeshare ownership can entail, not everyone is.
Once you’re locked into timeshare ownership, not all hope is lost. If you feel as though you continue to be lied to, then you have every right to build a case for yourself. The timeshare industry uses a lot of 3rd party advertisers to re-market to their users. Understanding what they’re allowed to market will help you pinpoint unethical behavior and get out of your contract sooner than later.
Despite the reputation of the timeshare industry being at an all time low, it has continued to find a way to make billions of dollars every year. With the rise of vacation rentals and other non-contractual options, one can assume the timeshare industry will eventually slow down. But it seems like people have been making that claim for quite some time now.
While the timeshare timeline has lasted almost 6 decades, it looks like it’s time for the industry to start sharing the wealth with platforms that value the user experience. They don’t really have a choice. But it’s safe to assume they’ll continue targeting uninformed consumers until the market completely dries up. The history of timeshare evolution doesn’t really show us otherwise.
A lot transpired during the first 17 years of timeshare history. New ideas, facilities, partnerships, merges and communities during this time in history revolutionized vacationing. As the travel industry continues to evolve today, one can’t help but wonder if timesharing will continue making billions long term.
If you’ve been following our blog content over the past few months, you’ve probably come to realize that canceling a timeshare agreement is no easy
Coming to the realization that your timeshare isn’t ideal can be taxing. When the anticipation of timeshare ownership is met by inopportune availability and unexpected
Although most fractional owners won’t experience penalties for delinquency, all are subject to pay annual taxes on the timeshare property. Just like personal residences, local governments levy property taxes on timeshares. The tax rate for each property varies, depending on the assessed value of the timeshare.
