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
Over the years, we’ve talked to thousands of vacation owners about their timeshare experience and the regret of the purchase as a whole. Whether it takes them days, months, years or decades to denounce the product, each tells a unique story.
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.
Over the past few weeks, we’ve been covering some of the areas of our great country that have been taken over by timeshare operations. While many gleen in the idea of an economic boost, tourist destinations also present the community with a number of drawbacks. Let’s see how a few islands have developed into vacation havens for the wealthy while leveraging native culture for appeal.
Taking out a personal loan for a vacation ownership usually seems like a good idea after speaking to timeshare salespeople. Misleading promises during the presentation convince many that they’ve stumbled across a deal of a lifetime. Because of this, thousands of buyers borrow money in order to purchase somewhat of a mirage.
In the years of exploration, towns either thrived on their own or wealthy businessmen were needed to turn fortunes around. Failure in attractive places provided successful people with opportunities to shape the landscape into money-making havens. One could even say the foundation of hospitality was based on mistakes and others’ ability to capitalize on them.
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.
Far too often, the timeshare purchase (and the vacation on which it was bought) become deeply remorseful experiences. Getting out of the timeshare trap is not only emotionally difficult but physically costly. This is why we’re so passionate about this topic. The avoidance of industry pitfalls is more important than understanding ownership itself.
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.
Nearly every victim of a timeshare sale is on vacation when they make the purchase. Because of this, many eventually regret it. While it’s easy to blame the ignorance of their decision on a gullible mindset and the euphoria of their travels, it’s important that we take a second to look at things from the timeshare owner’s perspective.
When it comes to timeshare relief, vacation owners often find themselves overwhelmed by the variety of options available to them. What makes matters even more difficult is that third party predatory agencies like to bend the truth the same way timeshare companies do.
Unhappy vacation owners usually experience an exhausting wave of resistance from timeshare resorts when seeking a way out of their perpetual agreement. Because of this, many fail. In most cases, the resilient and financially stable are the only types of owners able to obtain some sort of restitution.
For decades now, millions of consumers have been talked into spending tens of thousands of dollars on a weekly timeshare vacation. While some are content with a simple trip to a familiar destination, others become consumed by efforts to make the purchase worthwhile.
Taking the time to analyze the mistakes and failures of our industry helps us provide the best possible solution for timeshare owners. While public records of sales infractions and class action lawsuits provide us with insight on misconduct in the relief realm, consumer complaints are what really help us understand the entirety of the buyer’s experience.