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Friday, August 3, 2018

Stuck In A Timeshare?

Having a beautiful condominium to escape to in a gorgeous resort setting sounds ideal, doesn’t it? Especially if that condo comes at a lower price, since you are only paying for a share in the property. Sure, you have to share the place with other owners, but that’s not too difficult to deal with, right? While all this sounds like a fabulous deal, owning a timeshare does come with some complications. What has made it even more complicated for many owners is the fact that getting rid of a timeshare is much more difficult than they expected, to a point where many owners have to take legal action.

The idea of having a share in a condo sounds wonderful, but the reality is that sharing a property can be frustrating. Many owners find they don’t have enough access to their condo during vacations, so eventually, they decide they just want to sell it and move on. The tough thing, however, is that many owners then find that selling off their condo is difficult, too. Some legal contracts are worded in such a way that being released from the agreement is difficult, to say the least. This can cause huge headaches for owners who just want to sell off their share, pocket the investment and move on.

A Common Problem For Owners
These problems have become so common they have motivated many owners to form legal consulting firms. These firms help owners with legal advice so they can extricate themselves from unethical contracts. The reality is that selling off a property shouldn’t be impossible, and contracts should be worded in ways that aren’t confusing.

So, if you find yourself stuck in a contract for a timeshare, know there is help out there. Seek legal advice today!
 

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