Reasons It’s Smart to Hire a Lawyer to Cancel your Timeshare
To date, almost seven percent of households in the U.S. are hooked up to a particular type of timeshare product and the number says a lot about the popularity for this nature of property ownership. But it’s no secret that a large part of that percentage are households or families that earn an annual income of at least $100,000. It’s true that there are so many benefits one can get in investing in timeshares, especially if you are someone who has enough income to cover the payments and costs. But the thing is it’s also an open secret that many people, right after several months of paying the costs, realize that they no longer are interested in continuing and honoring their investment in their timeshares. Well, the fact that you’re here means you probably are one of those people who wants a safe and legal way out.
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. To get that much needed relief, you need to hire competent and highly experienced 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. As such, it is very important to hire a lawyer who knows about that particular state’s set of rules governing cancellation of timeshares, more specifically on the rescission period.
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2 – You need someone who can write the best 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.
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3 – Hiring a lawyer for your timeshare exit is a way to protect yourself from the debt collectors. Because pending payments and fees are expected during the course of the cancellation, debt collectors will surely be demanding you to settle your obligations, and they can be very persistent and in turn will cause you unnecessary stress. But with a lawyer by your side, you can invoke the Fair Debt Collection Practices Act that is designed to protect you from harassment from debt collectors, and once those collectors see that you’ve tapped the services of a legal professional, they most likely will back down.