Are there legitimate timeshare exit companies? It's hard to say, but one thing is for sure, the timeshare developers are taking a very aggressive posture against these companies. In recent timeshare exit company litigation, a law firm in Tennessee was shut down for scamming consumers. Click HERE to read the full article.
TOP FIVE REASONS WHY WE OWN TIMESHARE WHEN PERSONAL FINANCE COLUMNISTS SAY OWNING TIMESHARE IS A BAD IDEA
A common tenet of financial planning is that owning a timeshare is a terrible idea. All the articles on this subject read the same and make the same points. To be fair, many articles qualify their advice by saying owning timeshare is a bad investment, but they don’t discuss whether owning a timeshare can be a good way to pay for the next 20 years’ of vacations.
I agree that owning a timeshare is a bad investment. With the sole exception of Disney Vacation Club timeshares, I don’t think I’ve come across a single timeshare that has either increased in value, or generated enough income to qualify as a “good investment.” But we didn’t get into the timeshare industry to peddle investments, we got into this industry because we wholeheartedly believe that, when done right, timeshare ownership can help people take longer, more enjoyable, and more comfortable vacations at a lower cost. With that in mind, here is our top five reasons why we own timeshare when personal finance columnists say owning timeshare is not a good decision.
This is an interesting article regarding the Welk Resorts' recently-filed lawsuit in the U.S. Southern District Court of California against the "Timeshare Exit Team." According to this article:
"The suit, filed on Tuesday, July 25, provides details on how Reid Hein, based in Lynwood, Washington, Timeshare Exit Team and its co-conspirators used false advertising, fraudulent guarantees and misleading correspondence to recruit vacation owners in a nationwide scheme based on the false promise of getting owners out of their timeshare contracts with no consequences."
We will continue to monitor this litigation and post updates here on our blog. If you currently own a Lawrence Welk timeshare free-and-clear, and no longer want to use it or pay maintenance fees, we will help you get it sold on the timeshare resales market.