If you’re like many people, you may take a vacation every year or so. While vacationing is usually enjoyable, it can turn into a nightmare if you buy a timeshare. That’s because purchasing a timeshare is a long-term commitment, and you’re often required to pay for it upfront. You’ll also have to pay ongoing maintenance fees, and you might have to cough up additional funds to cover special assessment fees from time to time.
Sadly, owning a timeshare doesn’t guarantee you’ll be able to use your vacation property when or how you want to. It also doesn’t ensure the resort where your timeshare is located will deliver on all the promises it made during its sales presentation.
Just as sadly, the timeshare industry has developed a reputation for being riddled with scams. While we wish we could tell you that isn’t the case, the industry’s reputation is well-deserved despite many developers operating above board.