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Timeshar cancellation
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The Top Risks of Owning a Timeshare

Owning a vacation property has its perks. Statistics show that revenue attained from timeshares ranges in the billions of dollars. While many people are investing in a vacation property, it is critical to note that it is a risky venture with many pitfalls.

Many scrupulous dealers use this investment to scam unsuspecting people. Over the years, timeshares have established a bad reputation for their hidden costs and unfavorable practices. Before investing in timeshares, it is crucial to know what you are getting into and how to mitigate costs. You need to understand what timeshares are and the risks involved.

Timeshares: Overview

A Timeshare is a way to own vacation property for a specific period during the year. The problem with this investment is that it has a contract that obligates you to visit a destination even if you don’t want to. It involves several owners who pay for maintenance and other miscellaneous upkeep costs.

Top Timeshare Risks

The number one risk of timeshares is the contractual agreement. This document binds you to the property and makes it difficult to exit. The contact gives you access to the vacation destination at a specific time of the year, but you don’t own the property. The contract has obligations that you must fulfill over a period, and you cannot cancel the Timeshare at will.

Timeshares ownership is over 9.9 million families across the globe and is a popular option for annual vacationers. Although Timeshare adverts list several destinations, the contracts give you access to one location.

You can only use the location once a year. Note that Timeshare owners pay a whopping $25,000 a year to go to the same place. You can vacation 12 weeks a year to different destinations for the same amount. These expensive upfront and maintenance costs mean timeshares have a low return on investment.

Another top risk is that timeshares are like mortgages. Late payments or defaulting on fees may lead to foreclosure. The contracts in timeshares trap you into a financial obligation that has no value to you. These obligations are also transferable to spouses and siblings. Timeshares are a tricky investment. They offer little value and have no financial benefit. Ensure you do a lot of research before you invest in timeshares.

Our team has canceled over 18,000 timeshares. If you’ve already invested and are looking for a cancel timeshare solution, contact us today!

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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