what does a timeshare lawyer cost

How much does a timeshare really cost?

How can I save money?

• If you cannot afford the costs up front, Disney does offer low-cost financing options for up to ten years.
• If you’re questioning if it’s worth it, here are a few questions to ask yourself first: Do I need to take out a loan? ...
• The DVC does offer financing options in one, three, five, seven and 10-year increments.

Do I need a timeshare lawyer?

While these can be more complicated than you think, they usually do not need the services of a lawyer to get them accomplished. You can certainly pay a lawyer’s fees, but you will be paying too much. In some cases, you may also be able to convince a resort to let you out of your timeshare contract.

How to find the best timeshare cancellation attorney?

• Your name.
• The name of the resort.
• Contact information for the resort, including address and phone number.
• The date you are canceling your timeshare.
• Reason for canceling (this can be as simple as "I am unable to use my timeshare") If you are seeking to cancel your timeshare because of extenuating circumstances (for example, ...

How to price my timeshare?

• Location – where is your resort located, and what is the visitor demand? ...
• Location within the location – oceanview is not always oceanfront. ...
• Season – what time of the year do you stay in your timeshare? ...
• Unit size – the most common unit configuration is 2-bedrooms according to ARDA.
• Type of ownership – fixed, floating or flex week? ...

More items...

What is the average cost to get out of a timeshare?

about $5,000 to $6,000Costs to Get Out of a Timeshare On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.

How does a lawyer get you out of a timeshare?

A timeshare cancellation attorney will help you understand the fine print of your contract and support you in cancelling your timeshare within the rescission window. A timeshare exit attorney will help you approach getting out of your timeshare after the rescission window has passed.

How can you legally break a timeshare contract?

Canceling Your Timeshare Contract Most of the time, you must send your cancellation in writing. Even if the law allows you to cancel the contract orally, it's a good idea to prepare and send a timeshare letter of cancellation to the seller.

What happens if I stop paying timeshare fees?

If you stop paying your timeshare maintenance fees, you will likely default on your ownership. This not only hurts the resort, but it hurts you and your credit. Like a home going into foreclosure, the resort takes the ownership back and it will stay on your credit report.

Are timeshares hard to cancel?

Canceling your timeshare can also be difficult due to financial reasons. Resorts are notorious for encouraging people to make a down payment on a credit card. Putting a substantial investment on your credit card is never a wise idea. Your interest rates will skyrocket, and it'll take you a while to pay it down.

Can you sue a time share?

If, as an owner, you don't pay the fees and assessments, the HOA may sue you for money or foreclose your timeshare.

Can I give my timeshare back to the resort?

If you can't sell your timeshare on the open market, one option is to offer it back to the resort. As long as the unit is paid off and you are an owner in good standing, there's a chance that the resort will take the unit back from you.

How can I get rid of my timeshare for free?

To get out of a timeshare legally, consider these options:Use the rescission period.Call the timeshare developer.Rent your timeshare out.Sell your timeshare on the resale market (but expect to take a hit).Gift your timeshare to a friend, family member or stranger.More items...•

Can I just stop paying my timeshare maintenance fees?

If you stop paying it, the timeshare company will do whatever it takes to collect. They'll make phone calls and send letters, then they'll assign it over to (you guessed it) a collections company. If you still don't pay, the situation sinks even further into foreclosure and possible legal action against you.

Can you walk away from a timeshare?

You can't just walk away from a timeshare. That's because they often come with an obligation to pay maintenance fees for as long as you own them.

Can a timeshare put a lien on your house?

If a repayment plan isn't negotiated, the timeshare company might go the route of taking you to court for breach of contract to get a judgment against you and place a lien against the property. Ultimately, they will foreclose on the property.

How do I give away my timeshare?

First, the owner records a "quitclaim deed" at the local courthouse with jurisdiction over the timeshare. Then, the owner takes the quitclaim deed to the property management office and politely offers it to them. They may accept the deed and take over the timeshare.

How much does a timeshare attorney actually cost?

Every year, thousands of Americans find themselves stuck in timeshare contracts that they don’t want. And owning a timeshare isn’t like owning a car. Timeshares are not very liquid assets. They take time to sell.

Finding the Right Timeshare Attorney

When your car breaks down, your main focus is getting to a mechanic who can fix whatever is wrong. Of course, you’re worried about cost, but paying a bad mechanic to work on your car is a bad strategy. Things won’t get fixed, and, eventually, you’re going to need to hire someone capable.

Breaking Down the Cost of a Timeshare Attorney

On average, you should expect to pay around $4,000 to $5,000 for a timeshare attorney. That’s an average, so depending on your situation, you could pay more, or you could pay less.

Getting Quality Advice from a Timeshare Attorney

Let’s talk a bit about how a timeshare attorney will help. For most people, the biggest thing they’ll do is create and execute a plan.

Knowing If There Is Another Option

A good lawyer can also advise you on whether there’s a better option to pursue.

The Timeshare Legal Process

Unfortunately, getting out of your timeshare, even with an expert lawyer, doesn’t happen overnight.

Why do timeshare owners hire lawyers?

For these reasons, many timeshare owners choose to hire lawyers to attempt to have their contract voided. Read on as we look at when it might be a good idea to hire a timeshare lawyer. A timeshare is an investment whereby buyers receive a share in a vacation property.

How much is the timeshare industry worth?

It is reported that the timeshare industry in the United States today is worth $9.2 billion. Unfortunately, many of the people who have invested in timeshares over the years have come to regret their decision. Timeshare contracts involve a commitment for an indefinite period, and the expenses involved can become very significant over time.

What to do if your timeshare investment isn't your wisest move?

If you’ve decided that your timeshare investment wasn’t your wisest move, it might be time to call our timeshare specialist.

Why would you cancel a timeshare?

There are many reasons why one would be interested in timeshare cancellation. For instance, if you took out a personal loan for a timeshare, interest costs can add to other costs, making it expensive to “own” a timeshare. Typically, interest rates are steep and...

What is a timeshare?

A timeshare is an investment whereby buyers receive a share in a vacation property. In exchange for a given sum, they get the use of the property for a week or so of the year.

Is there a second hand timeshare market?

There is no market for second-hand timeshares. However, you can expect many scams to say otherwise. If you have already experienced that , you may have to look to our timeshare specialist. We employ a couple of methods of relieving clients of the burden of a timeshare contract.

Can you have your timeshare mortgage cancelled?

This kind of negligence may amount to a breach of consumer protection law. If this is the case for you, you will likely be entitled to have your timeshare mortgage canceled.

What is a timeshare?

A timeshare is an investment whereby buyers receive a share in a vacation property. In exchange for a given sum, they get the use of the property for a week or so of the year.

Is It Time to Hire a Timeshare Lawyer?

If you’ve decided that your timeshare investment wasn’t your wisest move, it might be time to call our timeshare specialist.

Who owns Timeshare Defense Attorneys?

The company is owned by a relatively new lawyer named Richard Fonbuena who passed the bar exam in May 2019 according to the Nevada state bar website.

How long does it take to get out of a timeshare?

Most answers are accurate, but one that stands out is the time frame of 3 months to 36 months to get owners out of their timeshare. Most timeshare exit companies quote about 12 months to get out, so this is quite a bit longer than average.

What happens when an outsourced lawyer stops working on your case?

When an outsourced lawyer stops working on your case, the exit company typically hires a new lawyer and passes the additional cost on to the timeshare owner. Timeshare Defense Attorneys appears to do most of the work in-house, but the disclaimer at the bottom of its website does state the following:

Where can I find a timeshare real estate agent?

If your timeshare is located on Hawaii or Aruba or you own a Disney Vacation Club you can likely find a timeshare real estate agent that will be happy to take you on as a client. Disney Vacation Club points and timeshares on Hawaii or Aruba typically hold their value quite well.

Is there an up front fee for timeshare exit?

The only thing better than a low up-front fee escrow payment option is a no up-front fee payment option, but this doesn’t really exist in the timeshare exit industry.

Do timeshare exit companies have deed back programs?

Some timeshare exit companies won’t tell you that the resort has a deed back program. Instead, they’ll charge you thousands of dollars up front, and then use the resort’s deed back program themselves. If the resort offers a deed back program, there is absolutely no reason to use a timeshare exit company.

Can you get money back from a timeshare?

Some timeshare exit companies will tell you that they may be able to get your money back from the timeshare developer, but this is rarely the case. Again, if the resort offers you a way out of your timeshare through its deed back program, you should use that option. The timeshare exit company will always be more expensive than the resort’s deed back program and won’t provide any additional benefits.

What is Timeshare Legal Service?

Timeshare Legal Service is a transfer company.

What is resort transfer fee?

The resort transfer fee and any other fees required by your resort to facilitate transfer. Any special fees such as “attorney fees” in states that require filing by attorney only. Any additional fees that may be charged by resort developers and associations outside of the U.S. ex: General Fund Fee, declarant fee, etc.

What are Timeshare Exit Attorneys?

Their experience makes them experts in various legal strategies to get clients out of their timeshare contract, even after the rescission deadline.

How to get rid of a timeshare?

There are other ways of getting rid of your timeshare. Some people have found success by communicating directly with the resort. Others hired professionals to sell their timeshare to interested buyers. Suppose you have tried these options but failed in getting rid of your timeshare contract. In that case, it may be time to hire an attorney to negotiate your timeshare exit.

What to do if you have a timeshare resort and they don't present viable solutions?

Suppose you’ve contacted your timeshare resort, and they do not present viable solutions for you to exit. In that case, it may be time to hire a legal team. Timeshare exit lawyers specialize in helping clients get rid of this complicated legal problem. They will study your contract and execute the best strategy.

Why do timeshare owners hesitate to contact timeshare exit teams?

Many timeshare owners hesitate to contact timeshare exit teams because of many factors. The potential cost of the legal process is usually one of their primary concerns. Some are not sure if a particular timeshare exit team is a good fit for them.

How to find the best exit strategy for a timeshare?

To find the best strategy for your specific situation, you can hire experts to examine your contract. The details of your contract hold the key to finding the best exit strategy. Your legal team should be able to guide you through the case based on the details of your timeshare contract.

When shopping for a legal team to represent you in your battle to exit your timeshare contract, do you want to?

When shopping for a legal team to represent you in your battle to exit your timeshare contract, you want to work with a group that inspects the specific details of your agreement.

Is it illegal to stop paying timeshare fees?

Be careful of timeshare exit teams that tell you to stop paying your maintenance fees and other financial obligations stated in your contract. This practice is illegal and potentially harmful to your credit score.

You need a timeshare lawyer because you are not one

The main reason why you need a timeshare lawyer is that timeshare law is complicated. You may have already gathered, from looking at your timeshare contract, that the legal language used is confusing at the best of times. Without legal training, it is very difficult to even make sense of it, let alone pick out irregularities.

Knowing the games they play

Beyond the contract itself, there is also the issue of how a timeshare company behaves when it knows it has been rumbled.

Save your stress

Living with a troublesome timeshare is stressful enough, but untangling your contract, dealing with the tactics of the timeshare company, and finding the right forms to fill in can be just as bad.

Forget the cost

Many will be tempted to try and avoid legal costs by taking on the case themselves. This is understandable, especially when you have already lost vast sums in maintenance and other fees charged by your timeshare company. But the truth is that you need a timeshare lawyer if you are to stand any chance of success.