Reasons It’s Smart to Hire a Lawyer to Cancel your 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. There’s no denying that there are perks and benefits if you invest in timeshares, and this is quite true for people who have the money to spare to pay for them. However, not everyone is pleased to cover all the costs and after just several months of visualizing the long term benefits, many people feel the need to get out of the responsibility. 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.
As the financial responsibilities, i.e., interests, maintenance fees, and other costs begin to pile up, you come to the realization that your investment is actually becoming quite overwhelming. For you to get the relief you need from the obligation, you need to hire experienced and highly competent timeshare exit attorneys. In this article, let’s discuss the reasons why you should consider hiring one:
1 – First, you must understand that the always applicable to cancelling timeshare commitments 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. You therefore need to tap the services of a well-informed and competent lawyer who knows a thing or two about your case, more specifically on the rescission period and other pertinent laws.
A Brief Rundown of Timeshares
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. But then again, this letter you’re supposed to make isn’t just like any other business or friendly letter. Only a legal professional can produce something with substance and zero error. Remember that the most important part of that letter is the cancellation statement, which you must be very particular with.
Where To Start with Homes and More
3 – By hiring a lawyer once you decide to get out of your timeshare, you give yourself protection against the harassment from debt collectors. Because there will be pending fees and payments once the cancellation process begins, you might find yourself getting nagged and pestered by debt collectors pressuring you to pay your obligations; in turn, this could be very stressful to you. If you hire a lawyer though, you will be confident enough to invoke the Fair Debt Collection Practices Act, in which you cannot in any way be harassed by debt collectors, and having the presence of a lawyer will convince those pesky collectors to back down.