At some point in time, you’re going to have to realize that whatever you were promised during the timeshare presentation is questionable at best. To the timeshare, it never happened if you can’t prove it. You’ve signed an agreement and they’re going to do everything in their power to collect the payments you already acknowledged – whether you agree or not.
While a majority of timeshare grievances pertain to unethical advertising and sales tactics, the experience itself has been in question. Hundreds of buyers have consistently complained about the timeshare product while some feel they’ve been harassed to pay an amount they never agreed to.
When it comes to most major purchases, borrowing money is a common way to get what you want. The ability to easily do so in today’s culture is the main reason why so many people are in debt. Things that used to be out of reach can be had for “affordable” monthly payments.
Fractional owners are commonly blamed for their own financial hardships. But the resort should better prepare them for these situations. Many buyers can’t really afford the travel purchase to begin with. When interest and extra fees overwhelm them, they normally believe they’ve made a huge mistake.
Timeshare companies continue to prove they have no interest in improving timeshare products or the overall experience of the purchase. Now that people are canceling vacation ownership more than ever before, developers are frantically trying to slander relief while attracting new buyers.
After getting his identity stolen by a timeshare relief scam, attorney David Eaton began receiving strange complaints regarding timeshare resale services. Callers were demanding a refund and claimed that Mr. Eaton had defrauded them. Initially, he labeled the occurrences as misunderstandings, but he quickly realized a bigger problem was at hand.
What usually comes as a surprise to owners is the timeshare’s unwillingness to help them without additional costs. This naturally causes disgruntled owners to look elsewhere for relief. But in most instances, what ends up happening is their desperation gets taken advantage of by third party exit scams. Once they realize they’ve wasted even more capital, they’re not too happy with the resort – and rightfully so.
Nazret Gebremeskel, Michael and AnnaMarie Deneen, and Erin and Paul Munoz are pursuing the hospitality giant for multiple misrepresentations. They claim that some of the features of Wyndham’s timeshare program weren’t available. Whether it was availability, point values, cleaning services or parking options, each owner didn’t receive what they were promised.
Since the current narrative of the timeshare industry surrounds dissatisfaction, resorts are desperate to take the attention off of themselves. Especially when people are scammed because the resort failed to satisfy them. This is why timeshare companies are now trying to discourage owners from communicating with any type of third party timeshare relief program. Scam or not, they’d rather control the narrative.
The FTC has been on a mission to put an end to timeshare donation scams over the years. Help the Vets, Inc. was shut down after becoming a major player as they collected over $20 million dollars from victims between 2013 and 2017. Travis Deloy Peterson was also charged for his attempt to target innocent timeshare owners with a military ploy.
A majority of timeshare buyers try to negotiate with the resort to make the purchase worthwhile only to find themselves enslaved by additional contracts and the same dissatisfaction. Even when owners turn to 3rd party solutions, they have a hard time finding an ethical service that actually cares about relieving them of their timeshare woes. Is a settlement attainable?
By 2012, Information Management Forum Inc. (IMF) had deceived thousands of vacation owners by manipulating them to consider recouping portions of their purchase. Some were even led to believe they could remove their financial obligation by selling their timeshare quickly.
When it comes to timeshare relief, there are a plethora of options for owners to choose from. Making the decision to give away timeshare contracts can be a tough one when there are hundreds of sales pitches flooding your inbox. Every offer is going to cause you to second guess your decision.
Apparently, hundreds of timeshare owners initially invested in what was once called Sand Castle South, only to simply lose interest. Although the property management company purchased two full floors at the popular Sandcastle Oceanfront Resort in one of the most popular tourist cities in America, they weren’t able to keep buyers engaged.
If you really feel the need to give away your property, there are a few things you need to consider in order to properly donate timeshare contracts. First and foremost, the donated timeshare has to be paid off or have a satisfied mortgage (free and clear). From here, you’d have to approach the donation as a transfer.
