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Foreclosure Defense and Loan Modification Blog

3 Reasons Your Timeshare Is Worthless

Posted by Maxwell Swinney

Thursday, February 15, 2018

Many people who want out of their timeshare get an unpleasant surprise when they try to sell it: they find that their timeshare is worthless. Despite what they were told before buying it, most timeshares just don't have a very good resale value. Why is that?

1. Timeshares are not a good investment.

Remember, with a timeshare, you don't own any physical property. You just own the right to use a unit in a building for typically one week a year. The average cost of buying that week from the resort developer is around $14,000 to $20,000, which is probably a lot more than it's worth. You likely won't be able to get anywhere near that much if you try to sell it on the secondary market.

2. There are other costs and fees.

The cost of the timeshare isn't the whole story. All timeshares also have maintenance fees that cost hundreds or thousands of dollars per year. And the fees increase annualy!

In 2012, the CEO and president of the American Resort Developer's Association, a trade organization that represents the timeshare industry, said that the average yearly maintenance fees for a one-week timeshare was $660

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Topics: timeshare cancellation

4 Methods of Timeshare Cancellation

Posted by Maxwell Swinney

Saturday, February 3, 2018

If you've been fantasizing about canceling your timeshare, it's time to stop fantasizing and start making it happen. There are ways out of a timeshare, and Amerihope Alliance Legal Services may be able to help you.

Timeshares, also called “vacation ownership”, are sold to you as a good investment, but they really aren't. They don't appreciate in value like the salesperson claimed, and maintenance costs can rise considerably over time.

Many people feel that they were the victim of a timeshare salesperson's high-pressure sales tactics that coerced them into buying something they didn't want.

After purchasing a timeshare and experiencing what it's actually like to own, many people are disappointed and want a way out.

The good news is that owning a timeshare doesn't have to be a life sentence! You can get out and move on with life. Let's look at how that can be done:

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Topics: timeshare cancellation

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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