The moment you purchased your timeshare contract, you must have felt pure excitement coursing through your body with the thought of continuous departures to far-away palm-tree engulfed resorts, with golden-sand beaches that would be put anyone in a trance. That excitement died off very quickly once you found out that your timeshare wasn’t what you thought it would be, rather you regretted even purchasing it in the first place and are now having thoughts of getting rid of it. Many timeshare owners that have purchased from major resorts have experienced similar predicaments, hence why there is a justifiable reason why these very resorts have found themselves in multiple lawsuits. We will go over key information on what leads these unhappy timeshare owners to take action against the resort.
Most unhappy timeshare owners were claiming that the resort held high-pressured sales presentations to induce them into purchasing a timeshare contract without fully enclosing all details for cancelling ownership. Many have made large-scale complaints that resorts would provide false information about their contracts stating that they would purchase the timeshare back from the owners if they were unsatisfied, yet they never fulfilled their part of the deal. The fraudulent claims don’t just stop there, they even went to the extent of providing false financing information stating for example their timeshare would cost $15,000 at 15.99% APR for five years, however it would be $25,000 for over 10 years. Another major setback for timeshare owners that led to an influx of resort lawsuits were the fact that they promised owners that their maintenance fees would not increase on an annual basis, but that was not the case as their were annual increases following ownership.
The significant issue that revolved around most of these resort lawsuits were from owners who had unwanted timeshares that the resort would not take or purchase back, as promised initially in the sales presentation. Certain resorts were found to have transgressed and were in violation of the Florida False Advertising Law, the Florida Deceptive and Unfair Trade Practices Act, the California False Advertising Act, the Consumers Legal Remedies Act, and California’s business and professions code.
Timeshare owners don’t need to keep suffering with these resorts; alternatively there is a way out of your timeshare contract. To learn more information on how you can legally stop paying your maintenance fees and permanently get out of your timeshare contract, just request a FREE consultation below!