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Every year, timeshares in Orange County (OC) incur about $175 million in property taxes. This is a big number that 2020 hasn’t been kind to. The barriers set by COVID-19 have drastically hindered tourism in Florida – especially in OC. Although local resorts own about $9 billion in taxable property and the industry itself has profited nearly $10 billion year over year since 2017, somebody is looking to lessen this tax obligation quickly.

Over the past several months, timeshare companies have likely been scrambling to find a way to acquire new vacation owners. With the vacation market at a standstill, they’ve been unable to pitch their product to easy-going, loose-spending tourists.

For seven years, taxpayers in Maui County awaited a Supreme Court ruling on a lawsuit stemming from real property timeshare tax assessments. On June 19th

When a timeshare purchase is misunderstood, disappointment usually prevails. This is especially true for those that sign contracts under false pretenses. While ultimate regret isn’t always the outcome, believing in the product before experiencing anything yourself is risky business.

Represented by Donald S. Hackett III, the Kriens claim the timeshare scheme intentionally avoids the discussion of “prohibited limitations” for points program (VOI’s) in order to close deals. From their perspective, nobody would make the purchase if they knew the sales pitch wasn’t entirely true.

The past few years haven’t exactly been full of positive memories for some of the timeshare owners at Diamond Resorts International, Inc. (DRI). It appears there has been an increasing number of buyers who have not been able to match their expectation with the actual experience – giving them more of a desire to escape the perpetual contract than to continue on with ownership.