Once you have on-boarded with us as a client, you will be assigned to our timeshare exit attorney.
At this juncture, your attorney will typically commence with a CEASE AND DESIST letter to your timeshare developer. This will automatically prohibited your developer from contacting you further about the matter. From there a series of letters are mailed out to further justify and explain to your developer the reasoning or justification for your termination. This stage of the exit process will also require a little more due diligence on your part, as you will have to write out an explanation of the series of events that occurred at the time of your timeshare presentation and contract signing.
As we have previously mentioned, the exit process doesn’t happen over night. It does require patience, understanding and due diligence. It is the client’s responsibility to get any required documents to the respective parties in a timely fashion. Failure to do so, can and will only lead to delays and headaches.
It is important to note, that on occasion timeshare developers may have already released an owner from their timeshare contract. But they will seldom inform the timeshare owner of this fact, and certainly never the attorney. It will be up to you to routinely check your timeshare developer portal to see if you have been released.
A University of Central Florida study found that roughly 85 percent of timeshare owners regret signing on the dotted line citing factors such as finances, fear, intimidation, distrust and confusion. More folks are trying to find a way to terminate their timeshare and free themselves financially.
In 2016 a former timeshare sales representative, turned whistleblower, won a lawsuit against the developer for wrongful termination. She divulged that elderly customers were being defrauded by Wyndham salespeople, who were opening and maxing out credit cards without their knowledge.
Most timeshare agreements have what is known as a “Perpetuity Clause” written into the contract. This clause states that you’re the owner of the timeshare for your life, and when you pass away, ownership would become part of your estate. Which implies your children will be liable.
To get the ball rolling, we will need to understand the circumstances around your timeshare situation and to see if you qualify. There is absolutely zero pressure on the call! We’ll need to know who your developer is, how much you owe, and most importantly if there was any misrepresentation on the part of your developer. So let’s get started…