Is It Possible To Cancel A Timeshare? Little Things American Scams Don’t Want You To Know

Written by admin on . Posted in How to get rid of a timeshare in florida, How to sell a timeshare legally, Timeshare cancellation attorney


The most successful scams are able to convince you they can’t be replaced.

That would defeat the purpose, wouldn’t it? This goes for those shady e-mails that crop up from time-to-time about a secret trust fund you never heard of and they go for the timeshare, one of the greatest bloodsuckers in American history. These are designed to trap practical homeowners in a constant loop of payment with no end in sight, relying on fear tactics and constant pressuring to leave you feeling low on options. With the aid of timeshare lawyers you can reveal this scam for what it is and finally get on the track to getting control again.

Canceling a timeshare is not just possible. It’s necessary. Here are five of the most common questions about timeshares and what timeshare lawyers can do to help.

How Many Americans Have Timeshares?

What’s another important ingredient scams need? Just being so common they seem entirely mundane. A recent study on timeshare cancellation found 3% of American households today own a timeshare. While that may seem small, that’s thousands of families and couples who are trying to find a way out. The 2016 U.S. Shared Vacation Ownership Consolidated Owners Report saw nearly 7% of households owning one or more types of shared vacation ownership product…that’s at least nine million to date.

What’s The Average Price Of A Timeshare?

Timeshare lawyers are a necessary buffer between you and yet more payments that suck your wallet dry. The average price of a brand new timeshare is $20,000, though many older ones are far higher. Timeshare contract release is notoriously brutal and can see you paying so much more just to get back on your own two feet again. The timeshare industry is worth over $70 billion, which can seem astronomically high when you just want to improve your home’s ROI. Whether you live on the West or East coast, the timeshare is a constant presence.

Where Are Most Timeshares Located?

Did you know most timeshares are located in Florida? A recent study found 25% of all American timeshares to be thriving in the Sunshine state. The average age of timeshare owners is 45 years old, with many nearing retirement age. The timeshare is a surefire way to make sure things like retirement, renovation and entrepreneurship is constantly out of your reach. Timeshare cancellation attorneys are all too familiar with the reasons that go into wanting to back out of a timeshare. Whichever ones yours are, timeshare lawyers are ready to help.

Why Do People Want To Leave Timeshares?

Timeshare lawyers know why you want to leave your plan. Financial hardship is easily the most common reason people want to back out. An industry study by EY (Ernst and Young) revealed over 55% of reclaimed timeshares stem from foreclosure alone. Another survey conducted back in 2016 saw 65% of timeshare owners citing ‘too high’ maintenance fees as a big motivator. Another 45% stressed constant maintenance fees to be the most frustrating aspect of all. Why do you want to start selling a timeshare?

Is It Possible For Me To Cancel My Timeshare?

Believe it or not…there are options available to you. The last thing a timeshare contract wants you to know is you have a means of backing out. Timeshare lawyers will provide you with the consultation you need to look at your situation more pragmatically, as well as resources like a timeshare cost calculator and a timeshare contract release. Learning how to legally get out of a timeshare contract means a lot of paperwork and number crunching, but it’ll be an action that’ll pay for itself in the long run.

No more maintenance fees and frustration…how does that sound? Reach out to timeshare lawyers and make these seemingly distant goals a reality.

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