Timeshare sellers are infamous for their high-pressure sales tactics on potential buyers. Many individuals get caught up in the hype of the sales pitch and then sign a contract, only to later regret their decision. This is because typically timeshare buyers are uninformed of their obligation to pay taxes, fees, and maintenance fees. Unfortunately when they add up all the total costs it no longer seems like a good investment like the salesman originally pitched.
Timeshare cancellation is an option for timeshare owners who may have been victims of any of the following:
Fraud: Fraud is commonly understood as dishonesty calculated for advantage. A person who is dishonest may be called a fraud. In the U.S. legal system, fraud is a specific offense with certain features.
Fraud is most common in the buying or selling of property, including real estate, personal property, and intangible property, such as stocks, bonds, and copyrights. State and federal statutes criminalize fraud, but not all cases rise to the level of criminality. Prosecutors have discretion in determining which cases to pursue. Victims may also seek redress in civil court.
Misrepresentation: Misrepresentation is a tort, or a civil wrong. This means that a misrepresentation can create civil liability if it results in a pecuniary loss. For example, assume that a real estate speculator owns swampland but advertises it as valuable commercially zoned land. This is a misrepresentation. If someone buys the land relying on the speculator’s statement that it is commercially valuable, the buyer may sue the speculator for monetary losses resulting from the purchase.
To create liability for the maker of the statement, a misrepresentation must be relied on by the listener or reader. Also, the speaker must know that the listener is relying on the factual correctness of the statement. Finally, the listener’s reliance on the statement must have been reasonable and justified, and the misrepresentation must have resulted in a pecuniary loss to the listener.
Breach of Contract: A breach of contract is failing to perform any term of a contract, written or oral, without a legitimate legal excuse. This may include not completing a job, not paying in full or on time, failure to deliver all the goods, substituting inferior or significantly different goods, not providing a bond when required, being late without excuse, or any act which shows the party will not complete the work (“anticipatory breach.”) Breach of contract is one of the most common causes of law suits for damages and/or court-ordered “specific performance” of the contract.
If you believe you are a victim of fraud, misrepresentation or that your contract has been breached, contact us today for your Free Consultation.
You as a timeshare owner have options!
Mortgage Cancellation Means that a lender has forgiven the debt owed by the borrower. Lenders rarely cancel an entire mortgage. It is more common for a lender to cancel the remaining mortgage debt as part of a debt elimination process. Cancellation of the mortgage will terminate the contract and any association the client has with the resort. With the onset of our cancellation services, we send certified letters to all credit bureaus to notify them of the consumer fraud investigations taking place. After a dispute has been filed against the resort, nothing negative will impact the clients credit score. In addition to credit protection, we are able to assist clients in a process that helps increase their credit score. We provide free consultations to clients interested in this option. Clients looking to purchase a new home, or car, in the future will certainly benefit from this program.
Deed Back: A timeshare deed back is the process of you willingly signing the deed for your timeshare back to the resort. This may sound simple, but just because you want to give your unit back doesn’t mean the resort will provide consent. The resort must willingly accept the deed back and they are not obligated to do so. This is why our team of professionals has perfected a method that fully dissolves the relationship with the resort –without impacting your credit.
Transfer: A transfer is a great choice for timeshare owners who have paid off their timeshare and simply want to walk away from it. Although it is simple, it is still a process that must be performed correctly. One of our professionals will assist you in guaranteeing that your timeshare ownership is transferred out of your name. If you have found a willing party to take over the deed, we are able to assist you in the title transfer that takes the timeshare out of your name.
Donations: This timeshare may be donated to someone or an organization of your choosing and we can assist you in the donation process. The donation may then be written off on your taxes at the full expense of the timeshare and the fee for the donation services.