Do You Own a Timeshare?

Vacations are times that are meant to be both relaxing and refreshing. A chance to enjoy time with family and friends. A time to escape the stress of work and complications of running a household that involves school and sports schedules. If, however, you have signed your finances away for a vacation rental that is not working for you, vacations can become far from a relaxing opportunity to get away from work.

Unfortunately, time shares are not always what the buyer expected. They can be full of expensive fees, complicated travel arrangements, and other frustrations. Even more unfortunate is the fact that many of these timeshare contracts are nearly impossible to cancel. In some cases, however, there are lawyers who can find a way to help their clients find the way out of a timeshare contract that is too expensive and is no longer working for a family.

With the use of a timeshare deed back letter or other formal procedure, there are some instances where a buyer can get rid of timeshare that is no longer working. And while the decision to cancel timeshare after rescission period can be complicated, there are sometimes options available.

Are You in Need of Lawyer to Help You Draft a Timeshare Deed Back Letter?
Few things are as frustrating as seeing all of your vacation money being wasted on a timeshare that you never use and that you cannot afford. Consider some of these facts and figures about the many times when timeshare contrats can be problematic:

  • Only 3% of U.S. households own a timeshare.
  • 46.8 is the average age of timeshare owners in the U.S.
  • $20,040 is the average price of a new timeshare.
  • 25% of all the timeshares in the U.S. are located in Florida.
  • There are a total of 1,547 timeshare resorts in the country today.
  • Although timeshares are losing their popularity, nearly 7% of U.S. households, which amounts to 9.2 million, own one or more types of a shared vacation ownership product, according to the 2016 U.S. Shared Vacation Ownership Consolidated Owners Report.

Getting out of a timeshare is rarely easy. Without legal representation, however, it can be impossible. Talking to a legal professional can help you understand the options that you might have available to you in your effort to understand how to legally get out of timeshare contract.

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