Timeshare Payments Can be a Financial Burden for Many People
What was meant to be an enjoyable family vacation turned into a high pressure sales pitch. At the time, all of the talk about Florida vacations seemed like a good idea. Your family had been vacationing in the area for years and every single one of you loves the beach. What you did not anticipate, however, was that your oldest daughter would get a track scholarship from a college in the northeastern part of the country. Although you would have liked to spend more time at the timeshare, you wanted to watch your daughter compete more. You had been warned that it was often impossible to get out of a timeshare contract, but you were willing to take a chance on at least meeting with timeshare lawyers to see if you might have a chance.
Fortunately, the timeshare lawyers you selected were able to find a loophole that allowed you to find a way out of the contract. The legal fees were expensive, but they were a fraction of the cost of continuing to make the expensive monthly payments. You were able to avoid the far worse warranty deed in lieu of foreclosure timeshare proceedings and you are now able to vacation where ever your daughter’s college track schedule takes you.
Finding the Right Lawyer May Help You Get Out of a Complicated and Expensive Timeshare Contract
A recent New York Times article told of one city that is not waiting for retirees to show up, but is instead sponsoring contests that will move midwesterners to the state each year. The article reported that will there are many people who do choose to retire in Florida, few of them select Tallahassee as its destination, so the Chamber of Commerce has taken some pretty drastic measures to entice people to move to their tree-lined city. Especially working to recruit Baby Boomers who are hitting retirement age, this city hopes to create a destination that several generations of the new residents will find attractive.
Although this Chamber of Commerce contest may seem a little bit extreme, if you have ever had to sit through a high pressured sales pitch for a timeshare, the New York Times article does not seem so crazy. The latest real estate and investment research indicates that 25% of all the timeshares in America are located in Florida, so the tactics that are used are well rehearsed and implements. Once purchased, canceling a timeshare can be a real challenge, but it might be worth your time to see if timeshare lawyers indicate that there might be some options available.
Only 3% of U.S. households own a timeshare, but if you are one of these owners you may be looking at options to get yourself out of the contract.