Reasons It’s Smart to Hire a Lawyer to Cancel your Timeshare
About 7% of households in the United States own a certain type of timeshare product and that number goes on to show how popular this type of property ownership is, at least in this part of the world. As expected though, a good number of those who have timeshare ownership are those households or families that earn more than $100,000 per year. Well, there are perks of investing in timeshares, especially for people who have the extra money for pay for them. But then again, there are those who eventually realize after paying for several months that they no longer are capable or interested in honoring the responsibility of owning a timeshare. Since you’re here now and looking very interested in this article, it means you probably have invested in timeshare too and wants to get out the legal and proper way.
The moment the payment obligations start piling up, you finally get overwhelmed by them, including the interest payments and maintenance fees. For you to get the relief you need from the obligation, you need to hire experienced and highly competent 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. One common problem you likely are going to face and in relation to this reason is if you purchased an accommodation or property in another state where you don’t 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 – It helps to have an expert come up with the 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 the problem is you’re not just writing a typical letter. A lawyer will be the one to assist you in creating an error-free letter and with substance. 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 there will be pending fees and payments once the cancellation process begins, you might find yourself getting nagged and pestered by debt collectors pressuring you to pay your obligations; in turn, this could be very stressful to you. 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.