For many property owners, just the mention of the word “timeshare” can lead to a lot of groaning and rolling of the eyes. That’s because timeshares, condos that are shared by several owners for the purpose of maintaining a residence in an attractive vacation setting (without having to take on full on ownership) have long come with certain legal problems for owners.
Romancing The Timeshare Idea
Those who have been through the process of buying a timeshare know that it all starts with a major sales pitch, usually set in an opulent vacation setting. These meetings are often dinners in which the salesperson wines and dines the potential buyers with stories of how owning a share in a luxury condo (in a fabulous setting like Hawaii or Las Vegas) will somehow make all their dreams comes true. Sure, having part ownership of a condo retreat in a great setting sounds wonderful, and for some people it is. The problem is that when an owner decides their vacation needs have changed and they no longer need a condo, it can be hard to get rid of it.
When people sign on for a timeshare, they often commit to expensive upkeep and legal binds they didn’t realize they’d have to face. That’s why it’s important to know how to get rid of a timeshare legally. The problem has become so prevalent, there are now some businesses that specialize in advising timeshare owners on how to sell their timeshare without facing any legal trouble.
So, if you or anyone you know if facing this problem, be sure to find legal help right away. No one should be stuck owning a condo they don’t really want or are unable to use fully, and no one should feel they’ve been sold a bill of goods, albeit one in very fancy wrapping.