The New York Times reported that an investor group will pay more than $2 billion to purchase a well-known timeshare developer. Unfortunately, when new investors take over timeshare developments, consumers suffer.
At Timeshare Compliance, our team hears complaints from many consumers. They’re tired of the misrepresentations and they’re tired of the developers taking advantage of owners.
Sales reps are notorious for making misrepresentations and using manipulative sales techniques. Despite misrepresentations during the sales process, the New York Times reported that timeshare developers defend their hardcore sales practices. Those developers seem unmoved by complaints that the Better Business Bureau publishes from timeshare owners. Consumers are frustrated and angered because of the way policies changed whenever new investors took over developers. Other websites feature articles where people complained about being held hostage by timeshare developers.
Abuses become worse when investors take over developments. The new investors will want to extract more profits. Some of the ways they earn higher profits is by demanding higher maintenance fees from the timeshare owners, and another strategy is to push owners into more upgrades. Developers sell those upgrades at high rates, and they charge extortionate interest rates. Regardless of what the sales rep said during the initial presentation, when new investors take over developments, changes are inevitable. Those changes may violate terms that the rep promised at the time of sale.
Our team at Timeshare Compliance serves as a resource for timeshare owners. We can’t help everyone, but we offer everyone that contacts us a free consultation. By listening to the misrepresentations, we’re able to assess options. If the misrepresentations rise to the level of fraud, our team of attorneys can take action. They can make compelling cases to persuade the developer to cancel the timeshare contracts.
Don’t allow yourself to be victimized by changes in the timeshare industry. If you want to cancel your timeshare contract, call 1-800-705-6856 for your free consultation.