There are many reasons why one would be interested in timeshare cancellation. For instance, if you took out a personal loan for a timeshare, interest costs can add to other costs, making it expensive to “own” a timeshare. Typically, interest rates are steep and according to Bankrate, averaging 13.8% with repayment periods of about 103 months.
To ensure you get the best representation, keep the following in mind when looking for a reputable timeshare lawyer.
Find a Lawyer Who Understands Your Situation
Timeshare cancellation should not be confused with a timeshare exit. After buying your timeshare, you’re usually given a timeframe where you can legally cancel the contract. On the other hand, a timeshare exit happens after this cancellation period has passed.
Therefore, when searching for a reputable timeshare lawyer, make sure you explain your situation so that you, the attorney, understand what they’re dealing with. Once you have communicated the key details, a reputable timeshare lawyer will be able to explain the fine print of your contract and advise on the best approach for getting out of your timeshare.
Do Your Homework to Verify Their Good Reputation
An attorney can advertise themselves as the most reliable timeshare cancellation attorney in town, but their record should also vouch for them. That’s why you should take the time to do your research. Otherwise, you might end up doing business with individuals that misrepresent themselves and may even be looking to take advantage of you.
When doing your research, you want to make sure that your attorney is licensed and fully qualified for their role in your case. While you’re at it, look up any reviews to find out what others have experienced when working with a particular attorney. If an attorney is reputable, they will be transparent and forthcoming with any information you may need.
Find An Attorney That Aligns With Your Budget
A reputable timeshare lawyer would never dream of taking advantage of your situation by charging exorbitant prices. If your budget is reasonable, you should find an attorney that works within your budget.
This ensures that you don’t end up investing even more money by letting go of your timeshare. You should also be cautious if the attorney charges upfront fees or asks you to make a wire transfer.
Finding a reputable timeshare lawyer is the first step in getting out of a real estate contract that you feel no longer serves you. To recap, make sure the attorney has a proven track record, understands your situation, and can work within your budget.