Timeshare Attorney Florida
Getting a timeshare can be an exciting time with all the fun you are going to have in it. However, what many people don’t realize is that there is a chance that they could end up in a difficult situation where they have lost their place at the resort and they don’t know what to do next.
What is Timeshare Attorney Florida?
Timeshare Attorney Florida is a company that provides legal advice and information to those who have timeshare contracts.
Their website provides information about the various timeshare scams, how to obtain timeshare property, as well as how to protect yourself from the possibility of being scammed when buying a timeshare. Their site also has articles about getting out of a timeshare contract, ways to get more value out of your timeshare and some valuable tips on maintaining the value of your property.
Who is this article about Timeshare Attorney Florida for?
This article is for anyone who might be looking to find out more about timeshare and how to protect themselves from scams. This includes individuals who have bought a timeshare, couples or families that have been mis-sold a timeshare, as well as those who have already got a timeshare that they no longer need.
Time share might sound like a good idea when you first hear about it, but if it sounds too good to be true, there’s probably a reason for that. Timeshares have been around for years and have been popular for many more years than that. However, not all of them are legitimate and therefore not all of them are scams. These are some of the common timeshare scams.
- Timeshare scam crackdowns
According to a report from www.timeshareresource.com, there were several timeshare companies that were found to be fraudulent and were raided by federal marshals in late April and early May of 2008, in order to turn over millions of dollars in ill-gotten gains to federal authorities. The companies include:
- Timeshare sales
Timeshare sales are a concept that has changed over the decades.
Most timeshares have always been sold by intermediaries in the form of a gift certificate, which can be redeemed for admission to resorts. However, in recent years timeshares have also been sold under various names such as: “asset management” programs, “prepaid vacation time”, “retirement program”, and other names that are designed to make them sound more attractive. These programs all have different titles, but their goal is to convince you to sell your timeshare in the hopes of generating cash for the company that sold the timeshare to you.
- Timeshare financing
The concept of timeshare financing involves using a credit card or home equity line of credit to finance a timeshare. The point is to convince the lender that it is more cost effective to give you a loan for the purchase of your timeshare than it would be for them to pay the interest on a mortgage. However, this is often not the case and most people end up regretting making such a decision.
- Timeshare resales
Timeshare resales involve the unscrupulous reselling of timeshares that they do not own in order to make a profit. This often involves buying a timeshare from someone who has just been told that they are going to be leaving the resort, who then sells it on e bay without ever getting there.
- Timeshare fraud
Timeshare fraud is when timesharing is used for fraudulent activities like extortion, blackmail and theft.
A 2010 report by the U.S. Federal Trade Commission involving timeshare fraud was published under the name “Timeshare Resort Sales and Marketing Practices”. The report stated that:
“The FTC receives hundreds of complaints a year about misrepresentations and deceptive sales practices relating to timeshare. In reviewing these complaints, the FTC has found recurring issues in timeshare resale and exchange programs.
“Many timeshare buyers purchase a time share in good faith, only to find that they cannot use it as represented by the seller.
Examples of Timeshare Attorney Florida
- Russell Whitaker
Wife loses money on timeshare after trip to Mexico
The wife of a Tampa Timeshare Attorney Florida was cited for leaving the state without permission after her husband convinced her to sell their timeshare. The Timeshare Attorney Florida had been causing problems for the couple for many years, and when she began trying to collect against it there was a confrontation with police that left Mrs. Whitaker in jail.
- James G. Cooney, Jr.
Lawsuit filed against timeshare developer, broker and reseller
A Florida Timeshare Attorney Florida has filed a lawsuit against three people, including a developer and broker that he says sold him a timeshare at the Grand Beach Resort in Panama City, FL. The Timeshare Attorney Florida alleges that he was not told that the resort was not managed by the Marriott International or an affiliate. He also alleges that the resort did not pay him any of his monthly dues and that he had to get a bank loan to pay taxes on the timeshare.
Where can I find more information about Timeshare Attorney Florida?
The best place to start looking for more information is from an independent company like www.timeshareresource.com, which provides a number of resources to help you find the best deal on a timeshare and also provides information about timeshare scams.
Another good resource is www.timesharescamalerts.com, which lists companies that are trying to scam individuals by selling timeshares on ebay without having permission to do so or without having possessed the timeshare in the first place.
Timeshares are a popular vacation option that can be a lot of fun when you know what to look for. Timeshare ownership can be a fantastic experience, but you need to make sure that you know what you’re getting into before you fall victim to timeshare scams.