Why Hire a Lawyer for Cancelling 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 it’s no secret that a large part of that percentage are households or families that earn an annual income of at least $100,000. Well, there are perks of investing in timeshares, especially for people who have the extra money for pay for them. However, not everyone is pleased to cover all the costs and after just several months of visualizing the long term benefits, many people feel the need to get out of the responsibility. Since you’re here now and looking very interested in this article, it means you probably have invested in timeshare too and wants to get out the legal and proper way.
As the financial responsibilities, i.e., interests, maintenance fees, and other costs begin to pile up, you come to the realization that your investment is actually becoming quite overwhelming. For you to get the relief you need from the obligation, you need to hire experienced and highly competent timeshare exit attorneys. Let’s talk about the reasons why you should:
1 – First, you must understand that the always applicable to cancelling timeshare commitments differ from one state to another. One particular problem related to this is the possibility that you may have purchased a type of timeshare property in another state which is different from where you’re currently residing. You therefore need to tap the services of a well-informed and competent lawyer who knows a thing or two about your case, more specifically on the rescission period and other pertinent laws.
The Essential Laws of Experts Explained
2 – It’s best to have an expert write 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. But the problem is you’re not just writing a typical letter. Only a legal professional can produce something with substance and zero error. Perhaps the most important thing inside that letter is the cancellation statement.
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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. Because pending payments and fees are expected during the course of the cancellation, debt collectors will surely be demanding you to settle your obligations, and they can be very persistent and in turn will cause you unnecessary stress. If you have a lawyer defending you, those collectors will eventually back down, especially once you realize you actually are protected by the Fair Debt Collection Practices Act, which specifically states that you can’t be harassed in any way by debt collectors.