Always Consider Timeshares a Scam that One Can Unravel with a Single Thread
What may be even more ludicrous is how difficult the timeshare scam is to unravel. Most timeshare owners come to a point during the scamming process where they would love to sell their timeshare and be rid of it. However, most do not know that the market for timeshares is extremely depressed, and that selling timeshares is an incredibly difficult process with an extraordinarily low chance of success. Timeshare companies commonly misrepresent the type of investment timeshares are, and part of the scam is that consumers often believe they can sell at any time for a profit. This is a result of the timeshare presentation, which you are very likely aware of.
These scams also make it seem as though timeshare contracts are very easy to cancel. In reality, this can be even more difficult than renting or selling a timeshare. While you can rent a timeshare with frustration and financial loss, unravelling a timeshare scam is nearly impossible without outside help and a long fight with a timeshare company. You will likely need help from an expert source that understands timeshare scams.
However, for new owners, there is a kink in the timeshare scam, and this word of advice is incredibly important. If you have recently purchased a timeshare and are already realizing how deeply you are involved in a scam, you can be rid of your timeshare quickly, before the true timeshare crisis even starts.
Turn the Timeshare Trap Against the Scammers
During this period, one can decide to circumvent the timeshare scam without the massive frustration involved with a long and hard-fought legal process. One will first find need to find the cancellation clause expressly written into the scam-filled contract, and understand all of the clauses. This is precisely where you will find your state’s individual time limit for the “cooling off” period. You will also find the correct legal course of action to cancel this scam. This must be followed without hesitation. To defeat the timeshare scam, you must follow all guidelines and notification procedures to ensure that the timeshare company cannot find a single loophole.
The next step should be followed throughout the scam-defeating process. The timeshare company will be notified of the potential cancellation and will do everything within their power to to prevent the scam from unraveling. Stand firm, and remember that timeshare scams are designed to generate profit without regard to your well-being. These representatives have no regard for your financial state. Agents of the scam will attempt to persuade you at any cost. Do not waver, for you are making the best financial and legal choice possible.
If the cooling off period has ended, you can still attempt to defeat the scam. A quality choice of action is making a list of misrepresentations and fraud that you experienced during the timeshare presentation. Highlight the pressure, bullying, and duress you were put under while being lied to: this was the entire point of the presentation. This is exactly what constitutes timeshare scams.. Notify the timeshare company of this by any means necessary. This will often have a deep effect, especially if the the cooling off period has just ended. Companies cannot afford to have their timeshare scam exposed, even though that is exactly what we are doing here at Timeshare Consumer Bureau.