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HIGH-RISK TIMESHARE EXIT STRATEGIES
"You understand and acknowledge that no salesperson, broker or other person has any authority whatsoever to make any representation, agreement, or warranty, express or implied, for Us, except those expressly set forth in writing in this Agreement…” “Oral representations of Seller or Seller's agents should not be relied upon by Purchaser as correctly stating the representations of Seller. For correct representations, Purchaser should rely entirely on this Agreement and the documents and instruments contained by reference. reference”
CAN YOU REALLY TRUST THE RESORT? A fundamental question you, as a timeshare owner, need to ask yourself is: “Can I really trust the resort?” There is much publicly available information from well respected news publications and even Attorneys General informing the public that timeshare representatives have been heard to stretch the truth during the sales process. “How can they do this?” you might ask. Unfortunately, most people are not given the opportunity to read their timeshare contracts closely before signing, which can be detrimental because many of these contracts contain what has become commonly known as a “license to lie” clause. With a “license to lie” clause, resort representatives can (and have been known to) say things that may or may not be true during sales presentations to convince potential owners to sign a contract and purchase a timeshare. Below are just two examples of “license to lie” clauses taken directly from the contracts used by two of the largest timeshare developers in the United States. The language in bold is emphasized to show that the resorts themselves are disclaiming the “oral representations” that their staff tells you to persuade you to purchase the timeshare. The resorts pay handsome commissions or salaries to their staff to convince you to purchase a timeshare, while at the same time attempting to absolve themselves from anything their staff might say (true or otherwise) to persuade you to purchase that timeshare.
“The sales staff may tell you that a timeshare is a solid financial asset, but the value of a timeshare is in its use as a vacation destination, not as an investment. Plus, your timeshare may include hefty ongoing and recurring fees for maintenance and other items.” “The sales staff may tell you that a timeshare is a solid financial asset, but the value of a timeshare is in its use as a vacation destination, not as an investment. Plus, your timeshare may include hefty ongoing and recurring fees for maintenance and other items.”
Federal Trade Commission
Whatever the representative tells you is irrelevant in comparison to what is in your written contract. In other words, the resorts believe that oral representations are not necessarily factual representations. The resorts believe, without telling you, that any and all real representations can be found buried deep in the resort’s lengthy, complex contract and in the contract alone.
Need To End Your Timeshare Ownership? Call The Timeshare Exit Hotline At: (877) 323-9923
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