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. But as expected, majority of those that own one belong to families that earn at least $100,000 in annual income. There’s no denying that there are perks and benefits if you invest in timeshares, and this is quite true for people who have the money to spare to pay for them. But the thing is it’s also an open secret that many people, right after several months of paying the costs, realize that they no longer are interested in continuing and honoring their investment in their timeshares. Well, the fact that you’re here means you probably are one of those people who wants a safe and legal way out. When the payment obligations begin to pile up, including interest rates and maintenance fees, you eventually realize it’s no longer a sound and practical investment. To get that much needed relief, you need to hire competent and highly experienced timeshare exit attorneys. Here are the reasons why you should: 1 – First of all, the laws and rules governing timeshare cancellations could differ from one state to another. The problem most people have with their timeshare investments is that they likely may have purchased one in another state different from where they reside. It is therefore a necessity to hire a lawyer who knows everything about the laws of that state and other pertinent regulations about cancelling timeshares like 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. However, the problem is the letter you’re supposed to create is not your average business letter. Only a legal professional can produce something with substance and zero error. The most important content in that letter is the cancellation statement, and you can’t mess it up.
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3 – By hiring a lawyer once you decide to get out of your timeshare, you give yourself protection against the harassment from debt collectors. Since pending payments and fees will surely come your way as you attempt to cancel, it’s expected that debt collectors will storm back at you and demand you to pay your obligations; this in turn could cause a lot of stress. If you hire a lawyer though, you will be confident enough to invoke the Fair Debt Collection Practices Act, in which you cannot in any way be harassed by debt collectors, and having the presence of a lawyer will convince those pesky collectors to back down.