Timeshare Legal Issue for Wyndham Timeshare Company A retired couple has taken legal action against Wyndham Vacation Resorts, their latest timeshare legal issue. They are
Due to the current state of our country, the inability to use your timeshare may seem valid. Pandemic-driven restrictions have made it nearly impossible for anyone to enjoy any type of vacation over the past year. At the same time, it’s important that owners are able to move forward with an informed state of mind. Truth be told, there are some changes in the timeshare industry that owners ought to take note of.
This past week, the city of St. Helena was sued after accusing a stand alone housing operation for being a timeshare entity. Pacaso, a five-home development project, claims to offer homeownership for up to 8 different tenets per each property. But the city hasn’t been buying it and on April 6th, Pacaso fired back.
After years of helping vacation owners escape the grasp of their onerous contracts, we’d like to think we know a thing or two about the pros and cons of ownership. But when you think about it, what are the benefits to purchasing a timeshare?
As lockdowns and public COVID restrictions ensue, cities across the country are looking for ways to combat the tax revenue dips over the last year. Sadly, many destinations have struggled to overcome the exponential loss of tourism dollars. But the city council in Steamboat Springs, Colorado claims timeshare exchange taxes can help bridge the gap.
When it comes to escaping a timeshare, nearly every step of the process comes with an array of pitfalls. From desperation to deception, disgruntled buyers need to know how to discern every turn. While a number of sales pitches appear to speak to you, nothing in this industry is as it seems. Like last week’s article pointed out, not all content is trustworthy.
Now that travel restrictions have surpassed the year mark, timeshare corporations are full steam ahead towards loss recuperation. After ignoring loyal paying vacation owners and laying off tenured employees, the industry now has their eyes on tax laws. In fact, a recent proposal by lobbyists in Florida suggests a different method be used for property appraisals in order to decrease the tax burden of major resorts in the region.
When a vacation owner first realizes the timeshare resort isn’t eager to provide relief, a number of things go through their mind. While most are initially consumed by outrage, victimization or heavy remorse; desperation usually steers their desire to eliminate timeshare obligations. Because of this, many are deceived by a third-party solution, only to experience further turmoil. As a result, many buyers learn to live with and endure the timeshare burden.
The Herald Tribune recently published a question-and-answer series that touched on the difficulties of escaping timeshare agreements. In the article, they describe how a widow was struggling to find a way to abandon a timeshare left by her late husband.
Over the past few years, we’ve published a lot of content that warns consumers and vacation owners alike of the pitfalls in the timeshare industry. For decades now, many buyers have experienced similar setbacks, disadvantages and unexpected costs. But today, some are considering cancellation for the first time.
Now that timeshare companies are looking to maximize future earnings, the race for the biggest pool of aspiring travelers has begun. Since the beginning of 2021, we’ve already seen Wydham merge with Travel + Leisure and Marriott’s PR to acquire Welk Resorts – even while timeshare owners struggle. This past week, Mark Wang, the President and CEO of Hilton’s Grand Vacations (HGV), made an announcement of his own.
When it comes to getting rid of vacation ownership or managing the financial obligation during rough patches, understanding how to go about handling the matter is key. Aside from the extensive amount of fraud in the exit realm, timeshare companies have been known to leverage an owner’s despair as an upsell opportunity.
We can all admit, the psychological sales practices of timeshares are rather complicated. In fact, every unsuspecting buyer is uniquely targeted with fact finding measures that all stem from a deceitful plot: to close the deal. Last week, we discussed the elements of pandering, misleading trust, enticement, personal jabs and fabricated excitement. Let’s see how this helps them close the deal in part 2.
Despite the obvious travel limitations, it would have been good to see the department go into detail on consumer’s need to “reevaluate personal budgets”. The impact of COVID as a whole has been a setback for millions. While some people are bummed about their vacant vacation, many don’t even know how they’re going to put food on the table – after years of abundance.
When it comes to the purchase of a timeshare, buyers are rarely even in the market for a perpetual travel package. In fact, many are on vacation with relaxed spending habits when the opportunity arises. When they’re caught off guard by an overwhelming amount of hype and free gifts, they can’t help but be intrigued by what’s being presented to them. We call this the sales psychology of timeshares – and it’s horribly effective
