Thousands of timeshare owners all over the world are struggling to pay their annual maintenance fees for ownerships that they can no longer afford, or rarely use. When they speak to the timeshare company about returning their ownerships, they are met with obstacles or requests for upfront fees to list their timeshare to sell.
As David Thomson explains:
“Timeshare ownership is not like buying a property outright. Your investment does not increase over time, and in fact, the value of most timeshares decreases dramatically because there is such a glut of timeshares on the market. Many timeshare owners are reluctant to give up the ownership in the hope they can sell it and recover the money they invested. However, unless you are part of The Registry Collection, the chances of finding a buyer are very remote.”
There are just as many owners unaware they can get their names taken off their ownerships because they are not offered that option by the resorts. However, it is possible to get your names legally removed from the certificates/
- Owners who financial circumstances have changed and can no longer afford to travel.
- Widowers who no longer want to travel without their partner.
- Owners who can no longer travel due to ill-health.
- Owners whose family have outgrown the property.
- Owners who want to travel to different places instead of visiting the same resort each year.
“We make timeshare owners aware of the different options they have available to them, and have found that over 90% of people who contact us are able to get their names removed from the certificates/
For further information on timeshare relinquishment and to see if you are eligible to dispose of your timeshare visit http://www.thomsonandlaw.com.