In the past, timeshare companies have been able to keep concerns regarding special assessments under wraps. But in recent years, a number of stories with vague insight have surfaced. One of them involved Bluegreen Vacations’ swift notice of foreclosure to hundreds of their owners in Louisa County, Virginia.
No timeshare owner wants to wonder which deal is real or regretfully pay for a property they don’t understand. But in order for them to see through the nonsense, they have to educate themselves on reality. We’ve been able to prove that you can’t believe everything you read on the web. In most cases, it’s not that easy to verify the advice you receive. But ignoring ambiguity here can be extremely costly.
After investigating consumer complaints from Harbor Hill timeshare owners, the Attorney General’s Office (AGO) found that Donna Zoppi had been manipulating the resort to her advantage from the late 2000’s all the way until 2015. While the criminal actions of Zoppi were definitely disturbing, what she did wasn’t a simple case of stealing.
Today, anyone can easily find an opinionated article supporting an idea that means something to them. This is dangerous in the timeshare realm because most unhappy buyer surf the web for help. When an owner feels scammed by the resort and wants to walk away from the contract and its fees, some online user is always eager to reassure them this is a smart decision.
Devastating financial blows, like special assessments, can really leave fractional owners reeling. This partly due to laws that limit the their ability to challenge unexpected costs. So today, we wanted to highlight a Florida bill from 2015 that enabled resorts to charge more for assessment costs while limiting the buyer’s ability to cancel timeshare contracts.
When seeking timeshare relief, owners normally have no idea where to begin. Most file complaints or join online conversations to share their story with users who’ve experienced similar misconduct. When complaints aren’t pursued to their satisfaction, they have no choice but to find someone who can advise them on what to do with their timeshare.
Up to this point, all has worked out in the fractional owner’s favor as they weren’t exactly liable for the unexpected fees. However, future assessments are pretty much guaranteed to be on the horizon. Random expenses like these are eventually passed down to the owners who are perpetually obligated to pay their share on the vacation property. The lack of clarity amongst these mandatory costs is disappointing to say the least.
In order to prove to you that the timeshare exit reviews on stand-alone websites are simply a con, we decided to highlight a few web addresses that claim to know the timeshare cancellation realm better than you. Aside from their depiction of VOC being absurd, they also make a number of assertions that are downright ignorant.
Annual timeshare fees for maintenance and special assessments can really add to the constrained burden of fractional ownership. Receiving unforeseen charges that weren’t even included in the contract can be maddening. Especially when these invoices arrive in owner’s mailboxes during the holiday season.
Whichever route you take to get out of a timeshare, the resort isn’t going to make it easy on you. If you’ve experienced multiple layers of deceit (3rd party resale, cheap attorneys or phony exit programs), then it can be difficult to have confidence in your decision. We hope that explaining every one of your options in detail will help you choose wisely.
Earlier this year, the Massanutten Property Owners Association was notified by the Great Eastern Resort Management team that weekly intervals would be terminated by the end of 2019. Since the MPOA expects revenue loss, property owners of the small tourist town in Virginia are worried about being forced to cover unpaid special assessments.
For the most part, fractional ownership is one of those major purchase decisions that can be a shot in the dark. Whether potential buyers know nothing about timeshare travel or they are fully aware of the industry’s pitfalls, both are essentially rolling the dice when they don’t thoroughly analyze what they’re signing up for.
The Canadian Government has taken notice of the deceit during sales presentations and has issued timeshare travel warnings for those considering a property in Mexico. Apparently, certain resorts have been asking buyers to sign an additional contract that permits them from ever terminating the purchase.
Most owners are eager to refinance their timeshare because they’ve been battling high interest since making the purchase. Like we’ve mentioned before, timeshare presentations do a great job of misleading potential buyers. Many would have never signed the agreement had the timeshare salesman not told them they could revise their borrowing rate shortly after signing.
Although many buyers fail to properly document the transaction, the Overtons did not. After getting everything in writing, they felt pretty good about the purchase. The problem was, the contract they signed wasn’t for a fixed week, it was for a floating unit.
