Timeshares: 10 Mistakes that Most People Make

Why Hire a Lawyer for Cancelling Timeshare?

About 7% of households in the United States own a certain type of timeshare product and that number goes on to show how popular this type of property ownership is, at least in this part of the world. As expected though, a good number of those who have timeshare ownership are those households or families that earn more than $100,000 per year. It’s true that there are so many benefits one can get in investing in timeshares, especially if you are someone who has enough income to cover the payments and costs. But the thing is it’s also an open secret that many people, right after several months of paying the costs, realize that they no longer are interested in continuing and honoring their investment in their timeshares. And considering you’re here and reading this post, it could only mean one thing: you also want to get out but you’re confused as to how to make that possible.

The moment the payment obligations start piling up, you finally get overwhelmed by them, including the interest payments and maintenance fees. So as to finally get yourself from relief from your obligation, you have to consider hiring experienced and knowledgeable timeshare exit attorneys. In this article, let’s discuss the reasons why you should consider hiring one:

1 – First of all, the laws and rules governing timeshare cancellations could differ from one state to another. The problem most people have with their timeshare investments is that they likely may have purchased one in another state different from where they reside. It is therefore a necessity to hire a lawyer who knows everything about the laws of that state and other pertinent regulations about cancelling timeshares like the rescission period.
Timeshares Tips for The Average Joe

2 – It helps to have an expert come up with the letter for the cancellation of your timeshare contract. It’s quite obvious that whenever you decide to cancel any kind of existing contract, it needs to be done in writing. However, the problem is the letter you’re supposed to create is not your average business letter. A lawyer will be the one to assist you in creating an error-free letter and with substance. Perhaps the most important thing inside that letter is the cancellation statement.
Discovering The Truth About Experts

3 – The act of hiring a lawyer for a timeshare exit means you have someone who can protect you from debt collectors. Because pending payments and fees are expected during the course of the cancellation, debt collectors will surely be demanding you to settle your obligations, and they can be very persistent and in turn will cause you unnecessary stress. But with a lawyer by your side, you can invoke the Fair Debt Collection Practices Act that is designed to protect you from harassment from debt collectors, and once those collectors see that you’ve tapped the services of a legal professional, they most likely will back down.