Timeshare exit scams are becoming increasingly prevalent, leaving timeshare owners feeling vulnerable and frustrated. While it is understandable that many people want to get out of their timeshare contract as quickly as possible, they must be aware of the potential risks associated with such decisions. Avoiding timeshare exit scams can be difficult, but there are a few essential steps that timeshare owners can take to protect themselves.
BBB of Missouri Advises Caution for Timeshare Owners Seeking Contract Exits
First, timeshare owners should be wary of companies or individuals who promise quick and easy solutions for getting out of their timeshare contract. These offers often come with significant upfront payments and little in the way of actual service. Instead, the Better Business Bureau (BBB) of Missouri suggests in a warning to consumers that; If you’re trying to get out of your timeshare contract, you should start with the company you bought it from.
BBB Regional Director Pamela Hernandez shared with News KY3 that “some companies have specific programs and policies in place, including deed buy back programs to help consumers who may get rid of their timeshare.”
The BBB has received numerous complaints about timeshare exit companies who solicit owners with unqualified offers to get out of their timeshare contract but who fail to deliver on that promise. Most of these timeshare exit companies use deceptive bait tactics like time-based 100% money back guarantees for termination of contract. This claim means that if the timeshare exit company fails to deliver within the contractual time period, the consumer will receive a full refund. Unfortunately, this rarely if ever happens, as the timeshare exit company will not refund the consumer.
Timeshare Exits: The Role of Legal Counsel
It is important for timeshare owners to do their due diligence and research any timeshare exit companies before signing an exit contract or sending out payment for services. Furthermore, it would be beneficial for timeshare owners to consult with an attorney who specializes in real estate and timeshare law to learn more about their legal rights and options.
A timeshare attorney can assist timeshare owners in understanding their rights to exit the timeshare contract without being scammed. Additionally, a timeshare attorney can provide advice on how best to negotiate with the timeshare company and when you may be entitled to compensation from the company if they have breached the terms of your contract. Ultimately, engaging the services of an experienced timeshare attorney may be the best way to protect your rights as a timeshare owner from any potential timeshare exit scams.
It is important to note that while there are legitimate companies offering reliable services to help timeshare owners exit their contracts, there are also many scammers out there looking to take advantage of vulnerable people.
By taking the proper precautions, timeshare owners can avoid falling victim to timeshare exit scams and protect themselves from further financial loss. It is important for timeshare owners to remember that there is no easy path to getting out of a timeshare contract and any claims made by timeshare exit companies should always be viewed with caution.
It is essential to know that if you are considering these timeshare exit companies, always research them thoroughly first and check with BBB for more information about any complaints or reviews they may have received. Additionally, make sure to read the terms and conditions of the timeshare exit contract very carefully to avoid for clauses that may void the guarantee.
If You’ve Been Scammed By A Timeshare Exit Company
If you’ve fallen prey to a timeshare exit company’s deceitful practices, don’t wait any longer; get in touch with an expert timeshare lawyer promptly to explore your potential legal options against the fraudulent business. With the right legal counsel, timeshare owners can obtain the necessary resources to protect their rights and fight back against timeshare exit scams through litigation.
Don’t forget that if you are a timeshare owner and need assistance with understanding your rights as a consumer, contact an experienced timeshare attorney to get the legal advice you need.
This article is intended for education purposes and does not constitute a legal opinion or advice.
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Led by attorneys Michael D. Finn and J. Andrew Meyer with over 75 years experience in law. The Finn Law Group is a consumer protection firm focused on timeshare related matters. For a free consultation, contact us today at 855-FINN-LAW. Want to learn more about timeshare exit scams?
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