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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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