Frequently Asked Questions
What are Timeshare Issues?
Timeshare issues can involve a combination of real estate, contract, and business laws. Some common timeshare issues may include: Default on timeshare payments (i.e., non-payment) Failure of the property (such as an unexpected timeshare foreclosure) Timeshare cancellation or rescission Transferring rights, giving a timeshare away and inheritance of the timeshare property. Overlap of state laws (timeshares are frequently located in a different state than the purchaser’s home residence) Death of an owner/co-owner In most cases, a timeshare agreement is final once the contract is signed. On the other hand, some timeshare companies may provide a short "return window," referred to as a rescission period. This period of time allows the buyer of the timeshare, the ability to have the contract be cancelled or revoked. This, of course, depends on the individual agreement between the Resort owner and the buyer. .
How Can Timeshare Issues be Resolved?
An experienced consultant will need to review the purchase agreement/contract to determine how the divestment process will work. The contract may contain terms and conditions describing what will happen if the buyer defaults on regular contract payments, or if the property is unexpectedly destroyed or foreclosed upon. There will be a review of any clauses that state any possibility of transfer to family upon death.
Will this help me?
Each client's circumstances are different and must be thoroughly examined. Through this process, we will be able to determined if our services will help to ease the financial burden you are facing. We will use all of our expertise and knowledge to assist you in this matter.