To qualify for this timeshare termination program, the owner must be considered a Timeshare Resort Fraud Victim. Below you'll find the top ten lies told to timeshare owners when they buy from a resort. If any of these lies sound familiar, then you qualify as a timeshare resort fraud victim.
Were you told that your timeshare purchase will increase in value, sell at a greater price, or due to location it is worth more than others?
Any mention or promise that the owner will be able to sell their timeshare for a profit, that the timeshare company will buy the timeshare back if it's unwanted, that the owner will be able to rent their unit, or that the owner can use points, or weeks to cover the cost of their maintenance fees, mortgage, or any other costs.
Any mention that maintenance fees will never go up or that said fees can be offset by renting out the timeshare. Owners must be given the opportunity to understand what maintenance fees are and that they do go up with time.
Any means possible to get owners to think that they must buy a timeshare "today", or they will not get the same deal, or they will never be able to tour again.
Timeshare tours are to last 90 minutes. When the tour length gets over 3 hours there may be coercion.
All owners must be afforded the right to fully understand their right to terminate their timeshare contract. This rescission period must be shown, explained, and signed by all owners.
Any meeting other than a prescribed sales presentation is against timeshare regulations. Dinner parties, party weekends, owner’s updates, or any other name for a reason to get the owners to meet for a sales presentation is a false meeting.
Any mention of a timeshare, or the trip being a tax break or incentive.
All documents that require a signature or an initial must have been fully explained by the closing agent or it's a violation of timeshare regulations. Many times this process will be rushed or hurried to get the new timeshare owners out of the door without asking any, or the proper questions.
