Uncertain at first about a timeshare facility that was being built near his house, Chad was influenced by his wife to do more research. From there the couple was pressured into signing a timeshare agreement. It didn’t take long for the truth to come out, but by then they felt it was too late.
Below is a word for word account of the timeshare ordeal that Chad and his wife experienced. We hope their written account will enlighten some of the tactics that the timeshare industry often uses on good, unsuspecting people. Names of people have been changed and/or redacted for privacy reasons.
“My wife saw the timeshare advertisement about a new facility in Alexandria, Virginia that wasn't even built yet. They said that the price is low now and will only go up when the building is completed. We never stayed at this facility because we wanted to use other locations, not to mention it was only like 20 or 30 miles from our house. I did not want to buy any timeshares because of the poor reputation they had for fraud. My wife was all excited about the deal and she said that she would pay for it out of her own accounts. If I wasn't paying for it, it did not make too much difference to me. Absolutely no one told us that the property or burden would be passed to our children at my death. I can tell you right now that they absolutely do not want a timeshare or the debt that goes along with it.”
After finally being convinced by his wife to meet with timeshare sales representatives in person, Chad still felt uneasy. To this day he recollects the experience like it was yesterday.
“They give you a half-inch thick legal document that you were supposed to read in your spare time, but instead they now want you to sign the contract as soon as possible. They had about four salesmen tell us how wonderful the system was. They all owned some timeshare property and were singing the praises about the deal-of-the-day. I was told about the maintenance fee, which was supposed to be for cleaning up after you left. It shouldn't cost in excess of $500/year to clean an apartment. One fact that wasn't brought to our attention, but perhaps should have been obvious, was that you pay maintenance costs every year. We were receiving points every other year; therefore, we were paying in excess of $1000 for someone to clean the apartment. If someone had told me that, there is no way I would have purchased the timeshare, whether my wife wanted it or not. It is fraud by omission.”
Fortunately, Chad was able to reach out to Wesley Financial Group, LLC where we helped assist him by terminating his timeshare agreement.*
“The obvious benefit of not owning the timeshare anymore is that I don't have to pay the outrageous maintenance fee. I can go where I want to go when I want to go. I don't have the pressure of trying to find a timeshare to entertain someone and then disappointing them because it is impossible to make reservations in a system that has oversold properties.”
If you know someone who could potentially use our services, pass along our phone number below. We would be more than happy to see if they qualify for our timeshare termination services.
*Wesley Financial Group, LLC (“WFG”) develops individualized programs for each client, terminates over 98% 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 cancelled within the time specified in the WFG Enrollment Agreement).
Wesley Financial Group, LLC, and/or its affiliates, successors, or assigns [hereinafter “WFG”]”) are not lawyers and/or a law firm and does not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional advice, legal or otherwise.