Becky and Phil D. were already owners of two different timeshares when they were approached by another resort. When they explained that their family did not need three timeshares, the resort proposed a deal in which they would buy off both the old timeshares in exchange for the couple purchasing a new one. Unfortunately, timeshare salespeople rarely stick to their word.
All the family was left with was another timeshare and even more costs and fees. Below is a written account from them on this terrible situation that they were put into by the timeshare industry. This malpractice is a common occurrence for these resorts, and we hope this story will shine a brighter light on it. The names of companies and people have changed due to privacy concerns.
“Our first timeshare purchase was presented to us in a way where it seemed like the right thing to do for our family. It cost a large sum of money for us, but they kept telling us how great of an investment it would be for us and our kids. They said the value of the property could only go up. We started to believe it all too. And things only went downhill from there.”
The lies began early on in Becky and Phil’s timeshare experience. What was supposed to only be a short 90-minute presentation, turned into three-plus hours of intense sales tactics. They were misled on the potential value of such a large investment.
“After our first purchase, every time we used the timeshare we had to sit through another presentation. They always told us it was an owners meeting but it was just more sales pitches. We kept declining to buy anything else for years. Then one time they were really pushing it. They told us how we could buy another timeshare to use as a rental and we could make good money off it. They got us again because it seemed like a smart move at the time.”
Becky and Phil purchased a second timeshare anticipating that they could just rent it out to other visitors, with the income from it being used to help cover the costs for both properties. This did not go as planned. They realized renting out a timeshare was not that easy, as they had to compete with the costs of the resort. Now they were stuck paying annual fees for two timeshares.
“When we were approached again by salespeople at another resort years later, we almost did not even give them the time of day. But we decided to hear them out because they were offering to buy off our current timeshare properties. Paying for two timeshares was becoming increasingly difficult, so we thought trading in two for one was a steal.”
The salespeople had Becky and Phil fill out the paperwork for the new timeshare and told them to mail in their two deeds for the other properties. The couple did so, and guess what? They never heard anything about it again. When they reached out for help, the resort brushed them off and told them they were still under agreement for all three properties. What a nightmare!
“Paying for three timeshares was such a big financial burden on us, and the prices were only going up. We tried for years to work with the resorts to resolve this but all we ever got were our maintenance fees being increased. We knew something had to give, so we started looking for help elsewhere.”
While researching into timeshare cancellation, Becky and Phil came across Wesley Financial Group, LLC, a leader in this industry. The couple reached out and they are forever grateful that they did so. Becky and Phil are now officially timeshare free thanks to the work of WFG!* They can once again enjoy a vacation without sitting through hours and hours of sales pitches.
If you know anyone with a similar timeshare experience, please feel free to pass our phone number along to them. We’d love to see if they qualify for our timeshare termination services.
*Wesley Financial Group, LLC (“WFG”) develops individualized programs for each client, terminates over 97% of their client’s timeshare relationships, and, in certain circumstances, obtains a refund of some or all of the timeshare purchase price. Actual results depend on each client’s distinct case and no specific outcome is guaranteed (although WFG does offer a 100% money-back guarantee if the timeshare is not canceled within the time specified in the WFG Enrollment Agreement).
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