Vacation is a time to relax and enjoy life. While vacationing, a tourist may be approached by a timeshare company and offered a special deal, free items, or a free night’s stay at a resort simply for listening to a timeshare pitch. This may appear to be a good idea, but many vacationers get taken in by the pitch and end up signing a contract for a timeshare they might not be able to afford. Signing a timeshare contract works the same way as signing any legal document. So hiring a timeshare attorney in Florida can help you in many ways.
Factors to Consider
Florida maintains certain laws regarding the resale of a timeshare to protect those who wish to dispose of their asset. Most timeshare attorneys explain these protections and also discuss matters regarding foreclosure and deficiency judgments. In the event payments aren’t made as agreed, the timeshare company or the association may begin foreclosure proceedings. Timeshare attorneys can help you understand the foreclosure process, its ramifications, and how to mitigate its effect.
Selling A Timeshare
Timeshare owners may believe that timeshare cancellation in Florida is an easy task. Unfortunately, doing so isn’t as easy as it sounds. Timeshare owners find it difficult to determine the value of the timeshare, and thus have a hard time establishing a price for the sale. As you may have experienced, it’s difficult to even give away a timeshare interest. To avoid costly errors, contact experienced attorneys so that you may understand how the resale market works and your transfer options.
Duties Of The Timeshare Company
The timeshare company is required by law to provide certain information to any potential buyer. This information is contained in a public offering statement, a document that must be presented to any party purchasing a timeshare. The statement provides a history of the project, information about the timeshare plan, a description of the timeshare accommodations and more. If the contract does not contain the required information, the purchaser may find he or she isn’t obligated to fulfill the contract.
Licensed timeshare attorneys understand your problem and search for the type of disclosures required by the law for a contract to be binding. Let us help you analyze whether the timeshare company provided you with the correct documents, and what rights of cancellation you may have.
Rights Of The Timeshare Holder
Depending on the state, a timeshare holder can usually cancel the contract within 10 days of the date the contract was signed or when the last of the required documents were received, and this right cannot be waived. Certain steps must be taken to complete the cancelation of the contract. For this reason, it is best to speak to experienced timeshare attorneys to ensure all steps are completed properly.
If you are looking for help with cancelling your timeshare, you can contact The Law Offices of Susan M. Budowski, LLC.