The Financial Scam Throttling Millions Of Homeowners Out Of Their Savings How To Cancel A Timeshare

It’s easy to feel like a failure when you’ve been scammed out of your money.

You’ll wonder what you could’ve done a little differently to avoid the biggest issue you’ve faced yet. You’ll ask yourself why you dropped the ball and start becoming overly cautious in an attempt to cope. This is how the timeshare works. It feeds off your insecurity and pushes you further into a spiral that only gets messier and messier. Canceling a timeshare can seem like an impossible feat, but it’s more than doable with the aid of timeshare attorneys. They can help you learn how to get out of a timeshare and finally put you on the path to saving, not spending.

What goes into selling a timeshare? The list below will catch you up to speed and finally bring some hope back into your life.

Many Timeshares Are Quite Old

First things first…how many timeshares are out there and how long have they been around? A recent study found the average age of timeshare owners in the United States is 45 years old. There are also over 1,500 timeshare resorts in the country. Learning how to legally get out of a timeshare contract can seem like a losing battle against so many different resources, but the fact of the matter is quite different. Timeshare attorneys are aware of your struggles and more than able to help you.

The Timeshare Industry Is Still Booming

Sadly, the timeshare industry is still going strong. It’s a $70 billion industry and accounts for up to 3% of all American households. An additional survey by the 2016 U.S. Shared Vacation Ownership Consolidated Owners Report saw nearly 7% of American households (or nine million homes) owning one or more types of shared vacation ownership products. Too many people have been caught in an infinite loop of fees and maintenance, leaving them in a bad spot to save up for anything else.

You’re Losing More Money Every Day

Let’s face it…you’re desperate to stop this vicious cycle. A 2016 survey saw a stunning 65% of timeshare owners citing ‘too high’ maintenance fees as their main reason for wanting to get out of a timeshare contract. Another 45% stated maintenance fees to be their most important reason for leaving at all. Your timeshare cancellation is right around the corner, but it’s understandable if you don’t think this is possible at all. Many homeowners are intimidated into not leaving, keeping them in this cycle for as long as possible.

It’s Possible To Get Out Of A Timeshare

Financial hardship has a way of motivating people. When you’re tired of losing money and being told ‘no’, a timeshare contract release is your first mode of action. An industry study provided by EY (Ernst and Young) saw over 55% of reclaimed timeshares stemming from foreclosure. The average price of a new timeshare is $20,000, to boot. Timeshare attorneys specialize in the field of combating timeshare scams and providing homeowners with better options. If any of these reasons fit your situation, it’s time to make a call.

A Timeshare Attorney Can Help

Timeshare cancellation law is tricky to navigate. Admitting you can even get out of a timeshare can be an entirely different battle. When you’re weary of maintenance fees and are worried about your ability to move forward, timeshare attorneys can help you learn how to sell a timeshare legally. Over 25% of American timeshares are located in Florida, according to recent studies, and many people today are unaware of the nature of their contract as it pertains to both their state and the nature of a timeshare. A timeshare lawyer can hash out the details, explain your options and finally give you somewhere to start.

Ready to take control of your life again? It all begins with a call.