Timeshares Hold Their Customers in Low Regard

  • By Primo Management Group
  • 02 Mar, 2017
Here’s Richard Siegel, Vice President of Westgate, on camera,   admitting what he thinks of timeshare owners.
By Primo Management Group 14 Aug, 2017
Timeshares can be an attractive option for folks who love taking vacations.
Timeshare owners can lock in future trips at today's prices. They also might give travelers access to a variety of onsite amenities. These are some of the reasons that the timeshare industry grew by 7% last year.
But in some cases, people end up with a timeshare they no longer want. Perhaps they purchased it on impulse and didn't consider the cost of the maintenance fees. Or they might have inherited a timeshare that they don't want to keep.
While timeshare cancellation can be complicated, it doesn't have to bankrupt you.
If you have a Florida timeshare you're looking to exit, keep reading to find out what steps you'll need to take.
Right to Timeshare Cancellation Laws in Florida
Many consumers purchase timeshares during a high-pressure sales pitch. The company offers a deal that they claim is only available for one day. Then, if you reject the pitch, they offer additional incentives to make the package seem more desirable.
In many cases, the buyer doesn't realize what all of the fine print entails until after they sign the contract. Once they've had time to reflect, they start experiencing buyer's remorse and wonder if it's too late to get out of the deal.
Laws regarding timeshare cancellation vary from state to state. Some states only allow for cancellation under certain circumstances. Other states only give consumers 3 business days after signing to cancel their timeshare.
Luckily, Florida has some of the most consumer-friendly timeshare cancellation laws in the country.
In Florida, consumers have 10 calendar days to cancel their timeshare. The timeline is calculated from either the day the contract is signed or the day the buyer received all required documents, whichever occurred later.
Canceling Your Timeshare
Cancellations that fall within the 10-day cancellation period are the easiest to process. If you decide to cancel your timeshare, you will need to notify the seller.
Requests for timeshare cancellation must be submitted to the seller in writing. Make sure your letter includes your legal name as it appears on the contract, as well as your phone number, address, and email. You should also include the name of the timeshare company, the date you purchased the timeshare, and a statement that you are canceling the contract.
Check your contract for instructions on sending the timeshare cancellation letter. For example, some contracts require that the letter is sent by certified mail. If you don't follow the instructions listed in the contract, the seller may be able to argue that your cancellation is invalid.
The seller is then required to refund all payments either 20 days after they receive or written notice or 5 days after the funds from your check have cleared. Whichever event occurs later will be used as the standard.
In some cases, buyers receive incentives as part of the timeshare package they purchase. If you cancel your timeshare, the value of these incentives will be subtracted from your refund.
Canceling Afer the Cancellation Period
Once the cancellation period has passed, canceling the timeshare becomes more complicated. When you purchase a timeshare, you are signing a contract that you are legally required to uphold. That said, it is still possible to get out of the contract.
Obligations of the Timeshare Seller
Under Florida law, timeshare sellers must meet certain disclosure obligations. If these obligations are not fulfilled, it may be easier to get out of your contract.
Together, these disclosures are called the "Public Offering Statement." This statement is a detailed history of the timeshare property or program that you're buying into.
At a minimum, the public offering statement should include a description of the timeshare and the duration of the timeshare. It should also indicate whether the purchaser will have any interest in an actual property, and should detail what accommodations the timeshare holder is entitled to.
Finally, the disclosure must outline how the seller apportions shared expenses among timeshare holders. Failing to include any of this information could make the contract invalid.
When to Consult an Attorney
In most cases, canceling a timeshare after the cancellation period will require legal action, and maybe even a lawsuit. Consulting with an attorney is your best bet in this situation. Make sure to choose a lawyer who has experience working with contracts in general and timeshares specifically.
An experienced attorney will be able to navigate consumer protection laws on your behalf. Also, an attorney might be able to identify a loophole in your contract that renders the agreement void. This is the most effective way to be relieved of your contractual obligations.
In rare cases, you may even be able to recover some of the money you have already invested. Keep in mind, however, that it is very difficult to recover funds from a timeshare company after the cancellation period has passed.
What if You're in Foreclosure?
Since timeshares typically cost upwards of $20,000, most people do not pay for them in cash. Instead, they take out a mortgage that they make monthly payments on. These payments are in addition to a yearly maintenance fee.
But just like with a mortgage on a home, there are consequences if you don't make your monthly payments on your timeshare. If you fall behind on payments, your timeshare will go into foreclosure.
There are two types of foreclosure: judicial and nonjudicial. Judicial foreclosures are settled through a court, whereas nonjudicial foreclosures are settled out of court.
Luckily, in the state of Florida, timeshare foreclosures are handled through a nonjudicial process. So, if you go into foreclosure on your timeshare, you can settle the issue with the seller out of court. Typically, when you enter foreclosure, the seller will send you a notice that they intend to resell your timeshare, and then they will place it up for auction.
While this might seem like an easy way to get out of your timeshare, it's not necessarily that simple. Foreclosing on a timeshare will tank your credit score. For this reason, it's much better to consult with an attorney before it gets to this point.
Get help
If you need help with timeshare cancellation, contact us . Our timeshare exit experts will work with you to make sure your rights as a consumer are protected.
By Primo Management Group 07 Aug, 2017
Have you ever been approached by someone with timeshares for sale? Or, have you read an ad looking for someone to buy one?
Oftentimes, timeshare salespeople play hard ball -- they woo you in initial meetings, give you "free" incentives such as gift cards or food, and then offer you a deal.
You might be attracted to the thought of having a resort-style membership available to you any time of the year. You and your family might be looking forward to long weeks at the beach in a timeshare or a place to escape to for long weekends.
Or, you may even feel pressured by the woo-tactics used by the salespeople, making you lean toward a decision you haven't fully thought through.
Should you buy into a timeshare that's for sale? The answer might surprise you.
Timeshares for Sale -- Why You Should Say No
Some people don't know how to say no to these ads or pitches. Many people aren't even aware that timeshares for sale usually aren't good deals.
There are multiple reasons why timeshares aren't a good investment; not only will you not actually own this property, but you'll also be susceptible to scams and hidden fees.
Here are five reasons why you should say no to timeshares for sale:
1. You Lose Money on Them
Wouldn't you love to have your money work smarter, not harder? That's the idea that many people are thinking when they make investments -- spend the money now and make more in return.
Many people think that timeshares are an investment. However, they aren't. Investments are buy-ins where you can expect a return in the future; timeshares don't promise this at all. In fact, they do the opposite!
Timeshares lose money. Once someone buys one, the value of it instantly plummets -- meaning it'll be nearly impossible to recover the initial costs, let alone profit off of it.
Buying into a timeshare means you are buying a property that you'll be dumping money into for no reason. In the short run, it may seem like a good idea to buy into timeshares for sale -- but in the long run, you'll see how you did nothing but waste your money on a property you didn't even fully own.
2. Hidden Fees in the Small Print
The property of your dreams can possible, especially with financial assistance for a down payment or to help make monthly payments.
When people can't pay for their timeshare up front, they oftentimes take out a mortgage to cover the costs. However, this isn't the only payments they'll be making.
Timeshares are notorious for having fees in the small print that are often not talked about during sales pitches. These fees can vary from property taxes, maintenance fees, insurance payments and even utilities. The average annual maintenance fee for a timeshare is $660 -- and that's to maintain a property that you probably only spend one to two weeks per year on the inside.
When adding up all of these fees, you will certainly end up paying more than you initially thought you were.
3. Hard to Schedule Time
If you and your family regularly vacation throughout the year, having consistent housing could be a dream. What's better than knowing exactly where you'll be staying each summer?
Contrary to what a salesperson may tell you, it's actually surprisingly difficult to schedule time for you and your family at a timeshare.
There are often many blackout dates included in your timeshare agreement. Aside from that, you may get locked into having your time at the location for the same one or two weeks every year.
This lack of flexibility can be quite frustrating -- if you can't go at the times available, then you paid for an entire year when you didn't even use the property. Talk about a loss!
4. Difficult to Rent Them Out
If you can't schedule your timeshare one year, considering renting it out could seem like the perfect solution.
However, it's oftentimes difficult to find someone willing to rent these properties out.
People are often wary of renting out timeshares -- they know they aren't good investments and worry about the extra fees that may be tacked on to their rent. If you were counting on someone temporarily taking it over for a year, you might want to reconsider.
Additionally, some timeshare agreements prohibit renting the spaces out to people who aren't on the agreement for it. You may think of risking it by renting it out to friends you know "under the table," but if you were caught, you could face hefty fines as a result.
5. Resell Difficulty and Scams
If you've fallen behind on your timeshare payments you may already be thinking of selling it for relief.
However, once you purchase a timeshare, it's incredibly difficult to get rid of it. Timeshares lose value after purchase, making buyers wary and reluctant in taking them off your hands.
Because of this, scammers have developed ways to take advantage of sellers looking to get out of the market. These scammers will promise to sell your timeshare in no time -- but will require you to pay hefty fees up front. They end up taking your money without selling it -- and you are left thousands of dollars in the hole and still stuck with your timeshare.
Considering the difficulty of reselling these properties, it's wise to not purchase one in the first place. Should anything happen and you fall behind on your mortgage payments, you can fall into foreclosure. This will affect your credit score and ability to get loans in the future -- which will make future housing purchases incredibly difficult.
Overall, timeshares for sale are becoming a thing of the past. Unless you and your family want to vacation on the same week every year, it may be better to walk away from the lengthy sales pitch or to ignore the ad.
Instead, consider planning vacations in advance -- it offers more flexibility, spontaneity and could save you money in the long run.
If you're still on the fence about whether or not a timeshare purchase is right for you, be sure to check out our blog here. We are always writing about why consumers should think twice about buying timeshares because we want them to know exactly what they're getting into.
Overall, just say no to timeshares -- you'll thank yourself later.
By Primo Management Group 04 Aug, 2017
You accepted an offer to go on a vacation in exchange for listening to a "small presentation" offering you a timeshare. You thought that you could get through it without buying anything and get a free trip.
You didn't count on the high pressure and emotional sales tactics promising you the deal of a lifetime. Before you knew it, you were driving home wondering how you ended up buying a timeshare.
If you regret this decision, timeshare lawyers can help.
Five benefits to getting a lawyer to fight on your behalf.
1. Timeshare Law is Complex
Timeshare companies use pressure to get their clients to sign contracts. They bring out multiple salespeople, each one offering you a better "deal" than the last. Most of the offers made are contingent upon signing them right away, without giving the customer time to think.
The contracts are long and contain clauses that are difficult to understand, putting the signee at a disadvantage. These companies are also known to target aging clients and make it difficult to sell your stake in the property.
Timeshare lawyers will be able to look at these contracts and tell if someone has been duped, finding the loopholes that allow the person to exit them.
2. Laws Vary By State
With the reputation of timeshare companies taking a hit in the past decade, many states have enacted laws that make it easier to get out of contracts. There is very little federal regulation of the industry, however.
Your options vary on a state by state basis, making it imperative to hire an experienced lawyer. Florida allows you to cancel a contract within ten days of signing it or after receiving the final paperwork, whichever comes later.
There are 95 pages of laws dealing with timeshares in Florida that you would have to read through to find that information. Timeshare lawyers would be able to tell you that right away, along with other legal options.
Companies depend on these laws being so complicated that you look at them and give up. By hiring a lawyer, you can fight back instead.
3. Timeshare Lawyers Can Fight Deceptive Practices
Almost all states have laws that will make a contract void if you enter into it after receiving deceptive information.
One of the most deceptive practices of timeshares is hiding the real cost of ownership.
Maintenance and utility costs can fluctuate over time. This information often is not disclosed when entering into a contract. If a timeshare cancellation company transfers the property to a "shell" company without assets, this could be a problem for you.
The ultimate responsibility to pay these costs fall on you and the other "owners" if they go unpaid. If you and the other owners can't pay them, the property will go into foreclosure, leading to an unwelcome surprise.
In Perpetuity
Anytime you see "in perpetuity" in a contract it is best to not sign anything without seeking a lawyer's counsel. These words are legal speak meaning that the condition lasts for an infinite amount of time.
Many of the charges that are in a timeshare contract will have this phrase listed. Owning a timeshare becomes a lifelong commitment even if you don't use it.
4. Many Companies Will Lie to Get You to Sign A Contract
Even if you follow the contract to the letter, many companies will tell you that you can't cancel. They are attempting to drag the process out until you don't have any legal options.
Having timeshare lawyers contact them will let them know you will not fall for this trick. Many times, a company would rather let you out of your contract than face a potential legal battle.
Selling Your Timeshare
Telling you that buying a timeshare is risk-free because of resale opportunities is another lie.
You will almost never be able to sell a timeshare for the amount of money that you put into it. Depreciation of timeshares is rapid, and some may drop at a rate of 99%.
Scams are also frequent in the timeshare resale market. You get approached by people that offer to resale your property at above market value if you pay a fee upfront. After paying the fee, you never hear from them again.
Tax Benefits
If a sales person tells you there are tax advantages to buying a timeshare, they are lying. There are zero IRS benefits to your purchase.
Timeshare lawyers will know if a sales person used dishonest tactics to get you into a contract, and will be able to get you out of the agreement.
5. They Save You Stress, Time, and Money
Learning the ins and outs of timeshare law takes a lot of time, and will often end up with the victim becoming frustrated and paying their fees.
Trying to get out of a contract can be stressful as well. Personal relationships suffer due to lack of sleep and anger over the situation.
Hiring timeshare lawyers might seem like it will cost a lot of money, but staying in the contract is far more expensive in the long run. When you consider the stress and time you will save by having a professional look at your situation, there is no reason to not talk to someone.
Our Mission is Helping You
Timeshare companies thrive on putting the consumer at a disadvantage. Here at Primo Management Group, we pride ourselves on being your advocate.  
There are a lot of timeshare exit companies out there that will promise you the world and deliver nothing. Our results speak for themselves. We have a five-star rating on Google from real customers, and our owner responds to these reviews!
Don't believe us? Check out our reviews here. We know that you may have questions and concerns, and we understand. Being burned by a timeshare company can make anyone hesitant to seek help.
For this reason, we are offering a free consultation so that we can earn your business and trust. We also have a 100% money back guarantee!
Contact us today, and you won't be disappointed. That's the Primo pledge!
By Primo Management Group 03 Aug, 2017
Tempted to invest in a timeshare? The thought of owning a holiday home may seem appealing but it has its drawbacks.
Once you sign the contract, it's hard to go back. Unless you keep up with the payments, you'll face foreclosure.
For many customers, investing in timeshares is an impulsive decision. They're blinded by the stunning landscapes and low costs. Unfortunately, these deals involve year-round responsibility and hidden fees.
The average sales price of timeshares in the U.S. was $22,240 in 2015. That's considerably less than buying your own apartment or home. However, there are other fees you need to be aware of.
Considering that most Americans spend $250 to $271 per night when traveling abroad, timeshares look like a good investment. Yet, the risks remain high.
Let's see how timeshare deals work and whether they're right for you!
Timeshare Deals at a Glance
Timeshare programs have been around since 1969. They usually involve vacation properties ranging in size from studio units to villas.
Compared to hotel rooms, these properties are more luxurious and comfortable.
The most popular ones are located near beaches and theme park resorts. You can also purchase a timeshare close to ski or golf resorts.
This type of property is furnished and offers everything you need to feel like home. It's no need to buy a TV, kitchen utensils, or appliances. The maintenance fees are split among owners.
When you sign up for a timeshare, you buy the rights to use the property. It's not the same as fractional ownership. In this case, you actually own a fraction of the property's title.
How Do Timeshares Work?
Most timeshare deals are now offered by reputable hospitality chains, such as Hyatt and Disney. This helped the industry become more transparent. In 2014, more than 9.1 million households in America owned a vacation property.
The cost of a timeshare is supported by multiple parties. Each owner can use the property for at least one week per year. Depending on your needs, you can opt for different types of timeshares:
Fixed week - This option allows you to use the property for the same week each year.
Right-To-Use - The parties can lease a property for several weeks each year for a set amount of years.
Floating - With this arrangement, you're free to choose the time of the year when you'll use the property.
Points Club - You can earn points and use them each year for booking timeshare properties.
Most timeshare deals give customers the flexibility to rent their part of the property.
For instance, if you're not able to use the property in a given year, you can rent it to a friend.
How Much Does It Cost?
Contrary to popular belief, timeshares are not cheap.
The costs depend on the property size, location, and amenities. You can expect to pay more or less based on the time of the year when you'll book the accommodation.
Fees are based on the type of timeshare and may include:
Buy-in costs
Timeshare maintenance fees (utilities, landscaping, upgrades, and more)
Broker commission
Membership fees
Reservation fees
Exchange company fees
Trustee fees
Closing fees
Finance receivables
Each year, timeshare owners pay about $660 in maintenance fees.
The average price for one week can exceed $19,000. Even if you don't use the property, you still need to pay for maintenance.
Additionally, it's necessary to support your travel costs. Unless the property is nearby, you must pay for flight tickets. If you're only allowed to use the timeshare in peak season, the costs add up.
The Cons of a Timeshare
Without a doubt, timeshares have their perks. Unfortunately, the risks outweigh the benefits.
First of all, you might need to get a mortgage to afford this kind of luxury. Timeshares are usually marketed to those who can't afford them.
Secondly, the costs of timeshare ownership can easily exceed your budget. Besides maintenance fees, there are special taxes, assessment fees, and brokerage fees involved.
According to USA Today, maintenance fees can increase by as much as 12 percent each year. If you choose a more expensive location, such as New York, these annual costs can be as high as $1,200.
Another thing to consider is that sales people may not tell you the whole truth. They will emphasize the benefits and conceal the real costs. Most times, you sign the contract for life.
Assuming that you're able to sell your part, you'll still lose money.
Just like cars, timeshares lose their value over time. Compared to traditional properties, they don't increase in value.
It's enough to do a quick search on eBay to find timeshares available for a few dollars. Many times, owners are willing to sell them for next to nothing just to get rid of monthly payments.
Think about what happens if you have a bad year and can't go on a holiday. Like it or not, you still need to pay for the timeshare.
What if you opt for fixed ownership?
This means you must spend your vacation at the same time in the same place each year. No matter how much you love the place, you'll get bored sooner or later.
A more flexible timeshare isn’t necessarily better. You might not be able to trade times and locations as you wish.
Moreover, buying this kind of property in a foreign country has its challenges. For instance, Mexico doesn't allow foreigners to buy properties along the coast.
As you see, timeshare deals carry lots of risks. There are better ways to spend on travel and plan your dream holiday.
Alternatives to Timeshares
Nowadays, most hotels and holiday resorts offer fantastic deals. You can always check travel comparison sites for hidden gems. Additionally, most hotels offer discounts to those who book longer stays.
If you're on a tight budget, opt for B&Bs or short-term apartment apartments. Don’t forget about credit card rewards and last-minute deals!
Another option is joining a vacation club. This type of membership provides access to properties worldwide. You're not forced to pay maintenance fees or travel on specific dates.
Have you ever owned a timeshare? What was your experience like? Share your story below!
By Primo Management Group 25 Jul, 2017
The good news is that the divorce rate in the United States has seen a steady drop in recent years. Marriage rates have been up and divorce rates enjoyed a 40-year low.
Still, the hard truth is that not all marriages work. Getting a divorce settlement that is fair and just for both parties is a necessity when a marriage doesn't work any longer.
One of the biggest challenges in a divorce settlement is often timeshare ownership. That fun purchase you and your spouse made while on a vacation years back can prove a stubborn sticking point when divorce is looming.
In fact, you may have an iron clad agreement for your divorce settlement on everything but the timeshare.
Worried how to factor in your timeshare to your divorce? Here's what you need to know:
Getting a Fair Appraisal
One of the problems with a timeshare in a divorce settlement is the appraisal. As you know since you purchased the timeshare, maintenance fees can rise steadily with a timeshare.
Most couples are searching for an agreement that frees them both from the marriage agreement. A settlement that includes long-term repayments for the possible liabilities is often uncomfortable.
Make sure to be careful and check with the Better Business Bureau before choosing an appraiser. There has been a precedent of timeshare appraisal schemes and getting fraudulent information will only make your divorce more complicated.
As with any other part of your shared estate, the timeshare ownership is shared property. It will be treated accordingly by the legal system.
You may even want to get an expert independent appraisal to try and factor in the issues prior to making any agreement.
A Timeshare Is a Property
Just as a owned home or a summer house is considered property, so too is a timeshare. And just with any other real estate transaction, the property may be worth more or less than what the original purchase price was.
With your home, you may find you have a mortgage that is underwater. The same could be true in some respects when it comes to making decisions about a timeshare.
Either way, this property is shared until the divorce settlement is final. Understanding demand and market trends will help you and your legal team make informed decisions about your preference for the timeshare.
You Have Options
Just as with any other piece of property, there are 3 main options when it comes to factoring your timeshare into a settlement for your divorce.
These options are:
You award the property to your spouse
You retain the timeshare
You decide to sell
And just like every other facet of a divorce, there are nuances that can affect the settlement when it comes to timeshares.
You Award the Property
What could be more simple? You decide to grant the timeshare property to your spouse.
In many cases, a timeshare is a valued property. We are in a new era of timeshare ownership that includes treasured memories and a special bond to a place.
Your spouse may want to continue to take your children to that special spot or love the property and the vacation potential.
But in other cases, the timeshare may not be wanted. You could be offering something with little value that is seen as a liability.
You Keep the Property
As we all know, not every divorce is simply about dollars and sense. Emotions run high and the stresses of ending a life partnership can get the best of one or both properties.
You and your spouse may be dealing with the emotional attachments as well as the financial worth of the timeshare. Or, the timeshare might be so ingrained in every other part of the divorce settlement it is nearly impossible to make a clear decision.
Know that if you keep the property there are risks involved. No one should get a timeshare award outright as part of a divorce without calculating the long-term costs.
While any property has liabilities and issues this can be especially true of a timeshare.
You Sell the Property
We all know of cases where a family is so attached to a home they fight bitterly over the property during a divorce. Sometimes neither spouse is willing to budge and they have to relent and sell the property, splitting the proceeds of the sale.
In these cases, where both parties can't agree, there are few other options. But when it comes to timeshare ownership the option to sell is not always so cut and dried.
Couples find that the market is not always kind to timeshare sales. Take a quick search and you may find owners selling for a dollar just to get out from under the maintenance fees.
This is why many opt to dissolve the timeshare altogether. And also, the difficulties of selling are why it is so important to understand the liabilities and assets of the property.
An Asset Vs. A Liability in a Divorce Settlement
One of the more frustrating features of factoring your timeshare ownership into your divorce settlement is coming to understand the value of the timeshare itself.
Unfortunately, with escalating timeshare maintenance fees, the real cost of ownership can be difficult to pin down. In many cases, you and your spouse may find you are arguing over a liability rather than an asset when it comes to timeshare ownership in a divorce settlement.
Even if you have a capable lawyer they may be at a loss on how to calculate your timeshare's value.
Get the Help You Need
In fact, in many cases, you may find it makes more sense to dissolve your ownership in a timeshare altogether rather than including it in a divorce settlement.
Neither you or your spouse wants to inherit a liability in a divorce agreement. But how can you know the full implications of your timeshare ownership?
Further, is it possible to get out if you need to? The team at Primo Management Group helps couples make tough decisions about their timeshares every day.
We can help free you from your timeshare contract. Contact us now to schedule a free consultation.
By Primo Management Group 24 Jul, 2017
We've all been there. You're relaxing at an ideal locale, enjoying welcoming weather, live entertainment, good food. You're in your happy place.  
Just when you think things can't get any better, someone offers you a free gift merely to listen to an opportunity to own a piece of this luxury.
For many, a timeshare property is an attractive alternative to maintaining a costly second home. In fact, according to the American Resort Development, timeshare sales have increased by more than 34% since 2012.
But perhaps you are having second thoughts. Or, somewhere down the road, your circumstances or vacation habits have changed.
Maybe annual maintenance fees or unexpected assessments have become too much? What can you do if your timeshare contract no longer serves your needs?
If your dream has turned into your albatross, you may be wondering about contract termination. This can be a complicated issue.  
Timeshare Contract Termination
First, are you within your "cooling off" period? The phrase, "cooling off," is part of the Uniform Consumer Sales Practices Act, which most (if not all) states have adopted in some form.
Consumer law acknowledges that sometimes people make emotional decisions when wooed by salespeople. Laws geared toward consumer protection provide a certain time period to terminate the timeshare contract without incident (which is sometimes referred to as "rescission.")
This cooling off period varies by state. A few of the most popular states for timeshares: Nevada's timeshare statute provides five calendar days. In Florida, which is home to 22.7% of US timeshares, the law provides 10 days.
Rescission under Tennessee law must take place within 15 days.
Are You Out of Time for Timeshare Contract Termination?
Granted, the easiest method of contract termination happens within the statutory cooling off period. But even if you are outside of that window, you may have other options.
The laws of some states have provisions specifically for timeshare contracts that protect consumers in some circumstances. In other cases, general principles of contract termination may apply.
Some of the possible common law basis for contract termination are:
Violation of Public Policy
Lack of Capacity
One common contract doctrine is that of contract interpretation. If there is any ambiguity in your contract concerning your rights, the ambiguity is interpreted by the court or arbitrator against the person who prepared the contract.
There are two kinds of fraud. One is a situation where someone signs a document believing it to be something other than what it is. While the law presumes that you would not sign a contract without reading it first, you may be able to show fraud if a sales agent handed you a document to sign and told you it was something that it wasn't.
The other type of fraud is a situation where someone signs a contract because of some false information provided by the person seeking to enforce the contract.  The party seeking to get out of the contract would not have signed the contract, but for the false information that induced them to sign it.  
The Federal Trade Commission (FTC) recently returned thousands of dollars to victims of a timeshare resale scam. Deceptive and misleading conduct is not the norm, but it is grounds for contract termination when it happens.
There are two kinds of mistake: a unilateral mistake and a mutual mistake. A unilateral mistake is where one of the parties was mistaken as to an essential fact on which the contract was based (such as the specific property being conveyed).
Ordinarily, a unilateral mistake is not grounds for contract termination. The doctrine of caveat emptor ("let the buyer beware") applies.
A mutual mistake of fact occurs when both parties were mistaken. In this situation, one or both of the parties may be able to terminate the contract.
Violation of Public Policy
Public policy usually involves matters of public health and safety. If your timeshare is a threat to health or safety, or if enforcing the contract would be contrary to the public good, this could be grounds for contract termination.
Lack of Capacity
"Capacity" refers to one's ability to understand what he or she is signing.
Minors are generally deemed to lack "capacity" to enter into a contract and, in most cases, would be able to terminate a contract on that basis. Mental impairment could also be a lack of capacity.
Voluntary intoxication (which sometimes happens on vacation), could be a lack of capacity depending on state laws and your particular circumstances. Literacy and language barriers are other factors used to determine someone's capacity to contract.
Duress is rarely found by courts and arbitrators because even high-pressure sales tactics usually do not rise to the level of duress needed to get out of the contract. If you believe that you were forced into signing a contract, you should speak with an attorney about whether you can use this to prevent enforcement of the contract.
Contract Termination Through Arbitration
The laws that pertain to your case will be the laws of the state where the timeshare is located. (And not the state where you live.) This is standard among timeshare contracts.  
Something else to look for is whether you can pursue a contract termination in court, or whether you are required to use binding arbitration. In some states, it is lawful for a company to ask a consumer to waive their right to a jury trial in the event of a dispute.
What If Contract Termination Is Not Possible?
Depending on the type of timeshare you have, you may be able to sell it.
If you own a deed, for example, some timeshare companies may accept it in lieu of foreclosing for unpaid maintenance fees. Sometimes higher-end timeshare companies will broker a sale, albeit with a commission to be paid by the seller. If you sell timeshare property without paying commission, be mindful of any restrictions and transfer fees.
Getting out from under an oppressive timeshare contract is a tricky matter. Are you looking for an attorney for timeshare contract termination? Contact us today for a free consultation.
By Primo Management Group 17 Jul, 2017
Timeshares can seem great at first. A lovely vacation every year? But you may not realize what you're getting into when you first sign up.
Many timeshares charge an annual maintenance fee and more, plus they have a lot more restrictions that you may think.
At the time of purchase, you're probably sure you'll never want to cancel such a great deal, but that's not always the case. Maybe your family size, income, relationship, or vacation preferences have changed. Maybe the timeshare itself has gone downhill due to lack of upkeep.
Many timeshare owners assume they can cancel without much issue if they ever change their mind down the line, but that's not always the case. Read on to find out more about how to get out of a timeshare.
How to Get Out of a Timeshare
Canceling may be harder than you ever realized when you signed up.  
You may have heard that filing bankruptcy is your only option to break free from the nightmare of debt collectors hassling you when you are just trying to get out of a timeshare.
Thankfully, that's not the only choice.
In this article, we'll breaking down everything you need to know about how to get out of a timeshare without declaring bankruptcy.
Cancel Your Contract
Always ask for what you want before assuming it's impossible. Check your timeshare contract for the details on how to get out of a timeshare. Tell the resort you want to cancel.
Many timeshares will charge you an exorbitant fee to get out of your contract. Since you've already poured a ton of money into the timeshare, you probably aren't too interested in this option.
In the likely event that they don't make it easy on you to cancel, we highly advise that you hire a timeshare cancellation service to help you navigate this complicated process and avoid unfair fees.  
With good representation working on your behalf, you can usually get out of your timeshare contract in less than twelve months.
You also have the option of selling your timeshare. Make sure you understand the rules and restrictions of selling based on your timeshare contract. The last thing you want is to deal with the hassle of contract violations.
However, you may find that it's harder to sell your timeshare than you may think, especially if supply exceeds demand for that particular resort or destination. Perhaps this is a timeshare that you purchased a long time ago and the resort hasn't maintained the appeal it once had. Or perhaps you just don't like the timeshare vacation style as much as you anticipated!
You can hire a real estate agent to help you through the process, but know that most real estate agents who specialize in timeshares charge a higher percentage than for the typical property sale.
We recommend doing your research to find a time share real estate agent you can trust.
You can also choose to rent out your timeshare to help you cover the costs. As with buying, make sure you understand the terms of your timeshare contract before incurring contract violation fees.
To successfully find renters, do some research on what your timeshare is worth. It may not be worth what you paid for it, and that can be a tough pill to swallow.
However, renting is a great way to help balance out the fees, and it is typically much easier to find renters than buyers.
Give Away
You can choose to give away your timeshare, which at least frees you up from the maintenance and other annual fees.
This is essentially a version of selling where you don't make any money, you just free yourself from the responsibility of future fees. This is why donation is usually not an option since most charities don't want to take on the burden of the contract any more than you do.
Avoid Scams!
Beware of scams that will claim they have a buyer for you in an advertisement. Even if they do have a buyer, (which they probably don't), they are likely to take a massive percentage of the sale or worse.
Beware of timeshare cancellation services without a lawyer. You need qualified advocates to guide you through this process.
Also, make sure you are working with an advocate to help you along the way rather than a salesperson who is just trying to make a buck off of your misfortune.
Don't Just Walk Away
If you simply stop making payments on your timeshare, you will deal with the extreme hassle of debt collectors and eventually, face foreclosure. Foreclosure is very damaging to your credit score, so avoid it at all costs. If you're already heading toward this issue, however, this is what you need to know.
According to MyFico, a foreclosure will stay on your credit report for seven years. The impact on your score will decrease with time, but it is still a major hit that can be hard to recover from. The good news: it's not impossible to rebuild your score with time! Make an effort to maintain excellent credit habits in all other areas to help balance out this negative event.
While it may be comforting to learn that it is possible to come back from a foreclosure, we highly recommend going another route.
Click for more information about what to expect when terminating a timeshare contract.  
In Conclusion
For a deeper dive into the reasons a timeshare may be too good to be true, check out our article "8 Reasons to Avoid Buying a Timeshare Vacation."
Primo Management Group will provide you with a team of advocates and real estate experts that are dedicated to keeping you informed throughout the entire timeshare cancellation process. Plus, we offer a 100% money back guarantee. Check out our client reviews here.
We are different than the rest because we have an excellent attorney, John Sirounis, on staff to ensure your case is handled promptly and smoothly.
For more information on how to get out of a timeshare, visit our website. Do not hesitate to contact us with any questions or for a free consultation.
By Primo Management Group 11 Jul, 2017

When you think of inherited property you'd like to receive one day, you may think of family land, a cherished heirloom, or a childhood home.

Chances are, a timeshare isn't too high on your list.

Yet, the reality is that timeshare purchases are on a steady upswing. In fact, the American Resort Development Association reports that sales for the timeshare industry have seen seven years of consistent growth, reaching 9.2 billion in 2016 .

As more Americans buy into this vacation investment, concern is mounting over the financial obligations their heirs will be saddled with and how easily they can get out of them.

Today, we're breaking down your options when it comes to handling your inherited timeshare. This way, you'll know just what to do in the event you're stuck dealing with one.

Ready to get started? Let's dive in!

Timeshare Inheritance 101

In some cases, a timeshare may hold sentimental family value.

After all, a timeshare is simply a rental program that allows a vacation "owner" the right to access a property for a specified time each year. That's plenty of time to rack up some cherished memories.

As such, many timeshare owners sign a contract when they begin that passes the property rights to their children upon their death. They may also choose to include the inheritance as part of their will.

If that's the case and you've received the timeshare, there may be a reason you want to hold onto it. Of course, you're granted that right.

Claiming your inheritance is often as simple as providing the timeshare company with a copy of the owner's death certificate . You'll also need to include details on how to contact and bill you going forward.

If you received the timeshare through a will, you'll be able to claim it through the same steps. This can occur once all the estate administration paperwork has passed the approval of the probate judge.

Yet, while some may see the value in taking on the ownership of a timeshare, for most, this is one type of inherited property that they see no issue in refusing.

The chief reason? It can carry significant financial obligations, such as ownership expenses and maintenance fees , that you as the heir didn't sign up for. If you don't foresee using the property regularly over the long-term, it often means more mess -- and more money -- than you want to deal with or spend.

If this is the case, and you're ready to legally refuse this inherited property, check out the next few paragraphs.

Legally Refuse Your Inherited Property

The good news is that you aren't legally required to accept your inherited timeshare.

To refuse it, you'll need to follow a few steps.

First, you should complete a Disclaimer of Interest form. In short, this document serves as your written intent to disclaim or refuse the inherited property. A real estate attorney  can help you find and file this form.

After it's completed, you'll need to send the Disclaimer of Interest form, along with a copy of the original owner's death certificate, to the timeshare property.

The death certificate can be obtained from the executor of the estate.

It's important to include the death certificate, as this will stop the property from sending maintenance fee bills to the original owner's address.

As you begin the process, be sure you understand if the timeshare was a rental, or if it carried a mortgage. If it's the latter, you'll also need to send the bank a copy of the death certificate. Failing to do so could cause them to put the property into foreclosure if payments continue to drop.

While the process is straightforward enough, it's important to consider a few elements to make sure the paperwork is correctly processed and you're legally removed from your timeshare obligations:

File on Time

You'll have a set timeframe during which you can send in the Disclaimer of Interest and death certificate.

While this time may vary, most properties allow you up to nine months after the date of the original owner's death to get all the paperwork in. If you're a minor, that timeframe won't begin until you reach age 21.

Be Sure of Decision

Note that once your Disclaimer of Interest is received and filed, your decision cannot be undone. Moreover, you'll no longer have any say over what happens to the property, or who receives it next. This means you aren't able to gift it to someone you specifically choose, such as a favored relative or even a non-profit or charity organization.

So, before you file to refuse, consider if you or your family would ever benefit from the inherited property and if it's worth keeping. Then, make sure you're completely sure of the decision.

Let Others Know

If you're the first person in line to receive the inherited timeshare and you refuse it, it will typically pass to the next person in line. If that person also refuses it, he or she will be required to complete the same steps. So let your family members know of your intent as you file to reuse the timeshare, so they'll be ready to either accept it -- or file paperwork of their own.

Don't Use It

If you intend to forfeit the inheritance, keep in mind that you won't be able to access it at all for your own benefit after the original owner's death. Even if you visit it just once for a short period of time, you won't be able to refuse it in the future. This means you could be stuck with it until you will it to someone else upon your own death.

While brief, these steps serve as a high-level overview of the process you'll take as you seek to refuse your inherited property. A legal real estate expert will be able to provide you a more detailed view of the journey, customized to your specific circumstance.

Timeshare Exit Assistance: Simplifying the Process

If you've been bequeathed a timeshare that you'd like to refuse and would like assistance removing you from this responsibility, we'd love to help.

We're real estate experts dedicated to helping you navigate (and exit) the timeshare contract journey. We'll work with you throughout the process, offering a 100% money-back guarantee that we'll deliver the results you need.

Contact us  today to get started and receive our free consultation. Let's take this important first step toward financial freedom together!

By Primo Management Group 10 Jul, 2017

A timeshare can give you the freedom of a vacation without the full commitment of purchasing a home away from home.

However, a timeshare can be a costly option for you, especially if you are unprepared.

Timeshares come with maintenance fees that are used for upkeep of your timeshare unit. The fees are also used for upkeep and general management of the timeshare's resort. This is a vague and real maintenance fees may entail more than you imagined.

It is important to understand these fees, what they are, what they mean for your ownership. You also need to know what to do if the fees you are charged need disputing.

This simple guide will help you understand your timeshare  maintenance fees and the real cost of ownership.

Timeshare Maintenance Fees: What Are They?

The fees that come with your timeshare can vary depending on the resort that you use. However, there are basic maintenance fees you can expect, no matter the company.

Here is what you may be paying for:


Your timeshare will need upkeep during the off season or when it isn't in use. This may include minor repairs, cleaning and even exterminating services. Your fees cover this upkeep year-round.


Fees will cover landscaping year round for upkeep of the property. This includes mowing the lawn, pruning the plants or watering of the grounds on site.


Just because you are not using your timeshare at all times, the utilities will still need to be paid to some extent. Your fees will cover the utilities for your timeshare when not in use.


Some of your maintenance fees may be kept in a separate account for upgrades to your timeshare.

This may include furniture, utility upgrades, and other building upgrades. This is kept separate to ensure you are prepared to meet this necessity with the funds available.

There may be other timeshare maintenance fees associated with your timeshare as set by your timeshare company or resort.

It is important to check with your timeshare to see what they are charging and how much they are charging you. You can ask for an itemized statement as well when your maintenance fees are due. You should keep these for your records to watch for increases and decreases.

How Much Can Maintenance Fees Be?

If you are currently an owner of a timeshare, you should already be aware of the maintenance fees you are being charged.

However, you may not understand that these can increase and decrease over time. If you are looking into purchasing, timeshare maintenance fees depend on a few factors.

Included Amenities

Amenities differ between timeshares. If you have purchased a timeshare with fewer amenities, your maintenance fees may be less. If you have purchased a high-end timeshare with many amenities, it will be the opposite.


The location of your timeshare has a huge impact on your maintenance fees. Is your timeshare located on a huge lot with a large yard? Or, perhaps your timeshare is located in a luxurious part of town. Your maintenance fees will reflect the location you are in.


Do you own a timeshare condo? Or do you own a timeshare located within a resort hotel? The type of your timeshare will have a direct impact on your fees.

With all of this in mind, the cost of your maintenance fees  can run from a few hundred up to thousands. It depends on what type of timeshare you own. It is best to check with your current timeshare or potential timeshare to get a list of your maintenance fees.

Even with a timeshare with seemingly low fees, these fees can increase over time. Contrary to popular belief, maintenance fees are not "locked in" or kept the same over time.  

 Your timeshare resort or company may choose to have a cap on the fees or may not, depending on their needs and type or resort. Most resorts do not have a cap on the amount that the fees can increase over time.

Protect Yourself

As a timeshare owner, you must protect yourself from a potentially dangerous situation when it comes to maintenance fees.

If you have received a bill for maintenance fees that you do not understand or may seem a bit "off" you should look into the fees.

You can always ask your timeshare resort or company for a detailed summary of your fees and what type of increase you can expect. It is your right to know how these fees are billed and why.

If you wish to dispute your fees, you can follow these steps:

1) Ask for a written or printed ledger of the fees and what they are associated with.

This includes all fees you will be paying throughout the year. You can submit a letter to your resort to have the proof for you to keep.

2) Remind your resort that you have the right to ask for this information if trouble should arise.

3) If the information is not given or refused, you can take legal action against your resort.

There are ways to cancel your timeshare  if the need should arise. You may wish to cancel due to high fees that you cannot pay, or a resort that refuses to give you information about your fees. Whatever the case, legal action is available to you.

A timeshare can be a good investment for someone who is prepared for the fees that can be accrued over time. It is important to understand the fees before you purchase and during and know exactly what you are paying for each year.

It is important to remember that fees can increase each year, depending on the type, location, and upkeep of the property that you own.

You should also know how to dispute timeshare  maintenance fees if the need should arise.

PMG can help you take action if you wish to cancel your timeshare or get answers regarding fees. PMG can also help you become aware of the real cost of ownership before purchasing and the cost of the timeshare ownership.

By Primo Management Group 07 Jul, 2017

Let's come out and say it: timeshares are a bad investment.

These 'investments' are a thing of the past. They're costly, have little flexibility, aren't earning the owner income. Plus, there are better alternatives.

This article isn't to knock those within the industry. But peddling timeshares in 2017 is groan-inducing. There are better options -- ones that aren't a bad investment.

Get ready to read about the harsh realities of the timeshare industry.

Three Reasons why Timeshares are a Bad Investment

Hopefully, those reading that haven't yet gotten wrapped up in the timeshare game will learn how and why avoid it. For those sitting on one, well, maybe it'll be convincing enough to dump the bad investment.

The Limited Flexibility

Which sounds like a better choice when spending thousands to vacation:

Purchasing a timeshare where there's a two-week block that's always going to be the same location?


Spending the same amount of money for flights, hotel, dining, and experiences at a place that has been part of the bucket list?

A timeshare is a bad investment right from the get-go. This is because the money invested could have paid for a wonderful vacation  that's not limited on time.

Wouldn't going to the same place, year-after-year, get boring?

That's not to mention that some timeshares have blackout dates and/or the customer is out of luck if plans change.


Modern timeshare companies try to distance themselves from the past .

They do this by expanding the options on timeshares offered to the customer. The new standard is that a timeshare company owns many properties around the world. It's to give their customers a variety of destinations.

The new standard also uses a 'point system' whereas a customer can 'spend' their points for access to specific days and locations. The points often roll over into the following year if a vacation has not been made.

The problem? It's an illusion of choice .

It sounds good on paper but it carries the same problems of the past. Costs are still high as ever. A customer won't always get what they want. They're still stuck with the limited selection offered by the management company.

The Costly Upkeep

Dump the timeshare and recoup the costs of the upkeep by throwing that money toward hiring a lawyer to bail on this bad investment.

Remember that the upkeep is the real money burner when it comes to timeshares. These costs add up and catch a lot of people off guard. It happens because they didn't read the small print or the salesperson was too aggressive and shifty in their presentation.

The common things that are included in this upkeep:

  • Insurance payments
  • Utilities
  • Refurbishment
  • Taxes
  • Management fees
  • Beautification

These upkeep costs are usually bundled together. On average the costs are close to $1,000 a year and higher for luxury properties. If you don't pay? They're coming after you with collections, interest, and late fees.

Getting out isn't so easy, either since they are quick to send the costs to a collections agency. That agency will report it to credit companies. Dinging your credit score like being kicked when you're down.

There are also membership fees for certain timeshare organizations and exchange companies (like RCI and II). This membership goes for around $90. Then there's a $125 cost to make an exchange.

The costs keep adding up and up.

USNews did a nice breakdown of the timeshare pros and cons  with a highlight on how the upkeep costs are atrocious. Still, as opposed to the split decision, we feel they could have been firmer with discouraging people from buying timeshares.

While it's your money, you should always aim to be on the lookout for...

The Better Alternatives

We all know someone that bought into a timeshare back in the early 2000's. They likely say they spent around $8k+ at the time and a typical $5-800 for regular maintenance. They learned their lesson and got out.

Now, there are far better options if someone is willing to take the time to do research. These include things like:

  • Airbnb
  • HomeExchange
  • Vacation home rentals
  • Hotels & Hostels
  • Camping

Any of these are better options for travel because they cost a fraction of what a timeshare will be. Plus, there are thousands upon thousands of options to choose from... all over the World.

Take that $8k that person spent and compare it to:

  • A $600 - $1,000 round trip flight
  • About $30 - $70 a night for a 3-star place
  • Eating well at restaurants or going cheap with street food
  • Using local taxis, public transport, or rental car to get around

Right away it's clear: Timeshares are a bad investment if you want to enjoy an awesome vacation.

Not to mention the other factor that they aren't investment properties . Down goes the money and the only thing it'll do is depreciate in value.

Consider This...

A time share is a financial lock down that could have been spent on any number of vacation packages or income properties. Just imagine if that money was placed into a high-interest savings account or contributed to a retirement fund .

Normal property passes on and has real value to a surviving spouse or family member. A timeshare continues to incur payments no matter what. It's easy to see that this could slip into late fees and extra charges. The unfortunate death of the owner creates financial instability to the one stuck with the contract.

This isn't just stressful -- it's incredibly unfair. When you look at situations like this, you can see that more often than not, timeshares are just a way to take advantage of people.

All-in-all, timeshares are a thing of the past.

Nowadays we have unlimited access to travel booking online, house swaps, Airbnb and similar services, and couch surfing. There's no reason to get stuck with a piece of property that limits the usage. One which costs a fortune to maintain. One that has little resale value when compared to the alternatives.

What Do You Think?

Do you believe timeshares are a bad investment? Let us know! Also, be sure to check out our website and blog for more information and advice on how to get your finances back on track.

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