Our team at Resorts Advisory Group advises timeshare owners to become familiar
with the Consumer Protection Act. This federal legislation can be a huge resource
for people who want to cancel timeshare contracts. Our website offers insight for
people in every state, revealing laws that may be helpful to relieve the burden of
timeshare obligations.
Laws that regulate the securities industry pertain to people who want to cancel
their timeshare contracts. When our clients describe instances where various
people during the timeshare presentation spoke about how the timeshare could
serve as a great investment, we know that they have solid grounds. Our clients have
told us about timeshare sales reps that started the presentation by asking simple
questions.
How much does it cost to stay in a typical hotel room for a night?
How much would it cost to stay in a typical hotel room for a week?
At those prices, how much would you spend over the next 20 years if you and your
family enjoyed one weekly vacation a year?
They would write out the calculations on a white board for illustrative purposes.
Then the sales reps would ask questions, comparing the hotel room to one of the
beautiful condominiums in the resort. For many people, visualizations of
vacationing in a timeshare developer’s resort are far superior to vacationing in a
hotel room.
The sales representative then transitions into comparing the cost of a hotel room
with the cost of “investing” in a timeshare.
When timeshare sales reps mention the word “investment,” they cross a line and
introduce “misrepresentation” problems that can prove fatal to a contract. If the
timeshare sales representative didn’t fully explain that when buying a timeshare,
the prospect is purchasing the right to access the condominium for a specific
amount of time each year, it’s a misrepresentation. If the prospect didn’t fully
understand that the condominium may or may not be available at the specific time
that the prospect would want to vacation, there could be a misrepresentation. If the
prospect didn’t understand that the timeshare contract didn’t fully explain the
ownership interest in the actual real estate, there could be a misrepresentation
problem. And if the prospect didn’t know that the timeshare wouldn’t have much
resale value, there could be a problem.
Besides all of the above, unless the timeshare sales representative who pitched the
“investment” was licensed to sell investments, state laws may prevent him from
selling timeshares as an investment.
Call 1-844-493-5992 for a free consultation to learn more about Resort Advisory
Group. We may be able to help you cancel your timeshare contract.
