We’ve all heard of timeshares, but we never think that we will be the ones to fall victim to a timeshare scheme. But around 3% of all households in the United States own a timeshare, and the timeshare industry is worth 70 billion dollars. Many people can be persuaded into purchasing a timeshare, which usually goes for at least $20,000, and timeshares can be incredibly difficult to cancel.
Fortunately, a timeshare lawyer can help you to look at your timeshare contract and get out of it as soon as possible. A timeshare lawyer understands the lure of a timeshare – after all, who wouldn’t want a vacation home ready for them to go to at any given moment? With 25% of all timeshares in the United States located in Florida, one of the top vacation destinations in the United States (and even around the world), it’s easy to see how the warm weather and palm trees make a convincing argument. With nearly 2,000 timeshare resorts around the country, it’s easy to see that timeshare companies know how to convince people to buy their timeshares. But just as a timeshare lawyer will understand how and why people come to be timeshare owners, the timeshare lawyer also has a clear understanding of why timeshares do not make good investments for the majority of people. In fact, after a period of ownership, the majority of timeshare owners are looking to get out of their timeshare contract.
For those wondering how to get out of a timeshare contract, timeshare cancellation attorneys, those legal professionals who have experience handling such matters, can help you to figure out how to legally get out of your timeshare contract.
There are a number of reasons that people typically want to get out of their timeshare contracts. For most timeshare owners (around 70%), the maintenance fees are simply too high. Many people consider these excessive maintenance fees as the number one reason that they want to cancel their contract for their timeshare. Overall financial hardship is another reason that people wish to get out of their timeshare contracts. In fact, over half of all reclaimed timeshares are because of foreclosures.
If you have a timeshare that you do not want, whether it’s because of personal financial hardship or because the maintenance fees for the time share are too steep for comfort (and may lead to that personal financial hardship), a timeshare lawyer can help you figure out how to get out of your timeshare contract.