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THE TIMESHARE INDUSTRY – A STUDY IN DECEPTIVE TRADE PRACTICES

I. The Culture of the Timeshare Industry           In a perfect, Platonian realm, the archetypical timeshare is not a bad thing. Not by a long shot. For example, you can vacation there only as often as you want. You share the cost of it with others, so it’s surely less expensive to maintain than say, a condo that you own outright. It’s already furnished and all decked out, so staying there is a turn-key proposition. And if it’s part of a resort network, you don’t have to go to the same old place year after year. No,...

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Timeshares Defined

Timeshares-Defined

The experiences of timeshare owners vary drastically with some satisfied with years of memorable vacations and others frantic to get rid of their timeshares. Why? What accounts for those different experiences? What is a timeshare? Basically, a timeshare is a form of shared ownership in a unit of vacation property that allows use of that property for a stipulated period of time. The daylight-to-dark ownership experiences often arise out of the type of ownership and the conditions surrounding the purchase of the timeshare. 4 Types of Timeshares Fixed Week - Predictable but lacking flexibility, the fixed-week timeshare is like a traditional...

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Sell My Timeshare?

Sell-My-Timeshare

That’s a central question among many timeshare owners today, and one of the first escapes they consider in the face of rising maintenance fees, special assessments and unavailable vacation destinations.  Is it a logical step, though? Except for a few, highly-desirable resorts, the resale market represents a poor escape route for most timeshare owners.  The most important issues affecting timeshare sale decisions include:  the current resale marketplace, the location and legal restrictions of your particular timeshare and your original purchase price. Resale Marketplace Influences Despite incessant sales rep promises that underscore the appealing salability of your timeshare, several factors lessen that possibility. A...

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Timeshare Scams – Public Exposure

Timeshare-Scams---Public-Exposure, Cancel Timeshare

You see questions and criticism about social media, but a significant benefit is shared information about timeshare scams. A Facebook page titled Westgate Resort – Scams is a prime example. Let’s examine specific complaints about the largest privately-owned vacation ownership company in the world, according to Westgate. The Promise Land of Vacation Ownership Westgate’s promotes over 28 destinations from Las Vegas and Myrtle Beach to Orlando and Gatlinburg. The Westgate promise - “Vacation ownership in a timeshare like Westgate Resorts lets you choose the high road of vacations . . . an extraordinary array of resort style activities and amenities.” A significant court...

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A Timeshare Attorney Gets Attention!

A Timeshare Attorney Gets Attention

Howard and Katherine purchased a timeshare from a major timeshare company in 2005.  Unrelenting sales maneuvers pressed them to add to their portfolio, as they were repeatedly told that owning a greater number of timeshares would improve their vacation options and ability to make reservations – not true, as they would learn.  With their exorbitant year-end tax and maintenance bill, painful reality struck and pushed them to action. Careful research for a “rock-solid” exit plan They found many companies promising easy assistance to cancel their timeshares, but very few employed attorneys.  Many just offered advice for them to deal with the timeshare...

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Elder Abuse in Timeshare Fiasco

Elder-Abuse-in-Timeshare-Fiasco

A Sad, Familiar Story Edward is an Army veteran and Florida resident.  Between 2012 and 2017, he and his wife, Margaret, purchased Wyndham timeshare points on six separate occasions in six locations.  After their initial purchase, each time they bought more points to “solve a problem”.  At each location, the Wyndham sales representative upsold points with all-too-familiar misrepresentations: Buy more points, get more availability Resell to recoup “investment” Deeded property pushed by the sales representative at Hawaii location Deeded property points bring higher maintenance fees – traded for new points Greater number of points yields greater benefits [mkd_blockquote text="“We ended up paying more...

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Timeshare Sales Claims – Just Plain False

Timeshare-Sales-Presentations-–-Just-Plain-False

You hear similar stories from angry timeshare owners associated with major resorts, from Wyndham and Diamond to Marriott and Hyatt.  Owners feel tricked, humiliated and increasingly stressed. To hear their stories, you could imagine the sales rep goal:  Get that timeshare sale at any cost. Common deceptions – sound familiar? Ground Zero in the timeshare sales world is the one- to two-hour sales presentation that actually lasts four to eight hours. Complaints from attendees run the gamut: False - Timeshares gain value over time False - Everything promised is in the contract False - Sign now at today-only discounted price False - Use...

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Timeshare Purchase – “My worst financial decision”

Timeshare-Purchase-–-My-worst-financial-decision

While many Marriott timeshare owners enjoy their “investment in family vacations”, we doubt that you would be reading this if you were among them. Many owners on Insiders Marriott Rewards, complain about lies, false promises, money down the drain and more. . . .How the Marriott Vacation Club Sales People work. They will tell you anything and everything you want to hear at the time of the sale. You can ask specific questions and they will lie right to your face.  Jmuni Jan. 29, 2018 “I am truly ashamed of the decision I made.” A 10-year Marriott Vacation Club owner said his platinum ski...

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Phony Timeshare Resale Rackets

Phony Timeshare Resale Rackets

Too often that’s exactly what happens, when a timeshare owner wants to get rid of their unwanted timeshare. They fall prey to timeshare resale boiler rooms full of call center sales reps with phony offers and fraudulent tactics. “You find their pain.  And then you play off that.”  That was how a convicted timeshare con artist described the sleazy process.  The resale companies access timeshare owner names through unethical time share reps, craigslist and public records.  They engage the owner, until they find out the reason they want to sell – sickness, death in the family, rising costs – the list...

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Aggressive Timeshare Presentations

Aggressive-Timeshare-Presentations

If you gave up and gave in at your Wyndham Resort or other developer’s timeshare sales presentation, you have company – very unhappy company, we might add. Just take a look on line at Wyndham timeshare reviews, and you’ll find a lengthy list of complaints from people who regret signing that timeshare contract. Why won’t someone help us, and put a stop to this?” That was the plea from a 69-year-old woman, reported by The Ledger in Lakeland, Florida. After a grueling, four-hour sales presentation, she and her husband purchased a $25,000 Wyndham Resort timeshare in Orlando. After the “very pushy” sales...

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