How would you get out of a timeshare contract?

by TonyAG
3 replies
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Here's the story:

A few months ago a salesman introduced my mother and father to an invitation to a resort for about only 50 bucks. They thought it was a good deal so they went with it. Turns out they had to attend a two hour seminar before enjoying their little vacation.

I stayed at home while they were on their vacation.

The two hour seminar was a high pressure timeshare sale. I'm not sure why, but they actually spent nine thousand dollars for the timeshare (and now they regret it). It turns out they can only use the condo for a certain time of the year and they also have to pay monthly maintenance fees!

My parents mostly speak Spanish so there was a communication barrier during the seminar. I wish I was there with them to convince them to not buy the timeshare...

To make matters worse, the next month my father got laid off. He was the one putting food on the table. Now my mother stuck in a second job to get the bills paid and I'm here trying to make sales in the internet marketing business.

So right now my mother is suffering from anxiety and my father is a bit depressed.

We've been thinking of selling the timeshare but we're not sure how, and we don't want to get scammed again. We just want to end this.


Please, if anyone has any experience with timeshares I would really appreciate the advice.
  • Profile picture of the author Lou Diamond
    Hello,
    just don't take a look on ebay for timeshare sales and you will really get sick.
    You may have an out of the contract as a language thing but I am sure you will have to get a lawyer involved.
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  • Profile picture of the author Anthony_Hall
    Check which state they bought in. There's a federal law for the right of rescission which is only 3 days when getting a loan.

    Timeshares usually have a much longer time of rescission. I know here in Florida it was something like 3 months. I sold timeshare a couple of years ago (talk about the worst job ever) here in Florida and that's what the law was at that time.
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    • Profile picture of the author Kay King
      Don't check anything - except to find a real estate attorney to advise you.

      You have a timeline problem - you say the sale happened several months ago but not how many months. You don't say if your parents have been paying the monthly fees. The rest of the stuff (price, etc) is irrelevant as it was part of the contract they signed.

      You need a lawyer to see if the contract can be reversed - and to know what happens if the monthly fees are not paid.

      kay
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      Saving one dog will not change the world - but the world changes forever for that one dog
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      Dear April: I don't want any trouble from you.
      January was long, February was iffy, March was a freaking dumpster fire.
      So sit down, be quiet, and don't touch anything.
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