At Timeshare Compliance, we work with people who want to cancel timeshare contracts. To assist them, we document the misrepresentations they suffered. Then, we work with attorneys to build cases that result in amicable settlements that include timeshare cancellation.
For many, the timeshare business model includes numerous misrepresentations. They begin with the initial offering, which describes how many times a developer will sell a particular unit. It’s like having a pizza that is sliced too many times. If the pizza is sliced 8 times, everyone may get a sufficient number of slices to satisfy the hunger. But if we slice the pizza into 50 slices, it’s not nearly as satisfying.
Developers divide their units into 50-slice units. With 50 separate owners of an individual unit, each having access to one week a year, there isn’t much room for enjoyment. Our clients did not receive clear information about timeshare ownership when they received the package of information. Instead, a fast-talking sales operator bamboozled them into believing that the timeshare would be an awesome investment that they could pass along to their heirs.
Instead of passing on an appreciating an asset, our clients learned that they were passing on a liability. The timeshare would continue to generate escalating fees—even though they would have limited access.
On the surface, if the developer is only selling the unit 50 times, it would seem that there wouldn’t be any problem reserving space. After all, there are 52 weeks in the year. If each owner wants to reserve the week, there shouldn’t be a problem. Especially if laws require developers to hold back an additional two weeks for maintenance and so forth.
Unfortunately, this logic has flaws. It doesn’t take into account the fact that some weeks are more desirable than others. For example, many people want to vacation with family members during peak times. Spring break, summer vacation, and other holidays bring a huge demand for access to the timeshare unit. Off-season times do not leave much demand.
If everyone wants to vacation in summer, and fewer people want to vacation in winter, some owners are not going to be able to access the accommodations they expected.
No one explained the issue of availability during the timeshare presentation. That’s why owners sometimes feel as though the developer misled them and relied upon manipulative, false representations to make the sale.
Fortunately, consumer protection laws make fraud illegal. Those who want to cancel timeshare contracts because of fraudulent misrepresentation should contact our team at Timeshare Compliance: 1-800-705-6856.