Why hire a Timeshare Attorney?
There are numerous channels available to consumers looking for relief from an outstanding timeshare obligation. For a true contract cancellation or dispute, however, a licensed timeshare attorney is far and away from a consumer’s best bet.
In a market saturated with bogus claims, shadowy scams, and backroom deals, the steady hand of a legal professional is an invaluable asset.
When a consumer signs on the dotted line with a developer, they enter into an agreement that is legally binding. Though they may not like it, they have entered into a contract that is completely enforceable and which will, indeed, be enforced, unless fraud can be proven. It’s a legal question, a legal issue – and so you’ll need a lawyer when it comes time to dispute, exit, or nullify that legal contract after the rescission period has ended.
In addition to knowledge, access, and a steady hand, retaining an attorney offers other advantages to consumers seeking relief, which a private organization or third party simply cannot. What do we mean?
A Timeshare Attorney Can Help You Exit Your Timeshare
Legal representation goes a long way toward protecting consumers from the debt collectors who may be dispatched to settle these obligations. A timeshare attorney can help consumers seek to exit their timeshare obligations due to high maintenance fees, interest payments, or other associated costs.
The Fair Debt Collection Practices Act (or FDCPA) stipulates that third-party debt collectors are legally prohibited from directly contacting a debtor (such as a timeshare owner withholding a resort payment) if that debtor has retained an attorney. Instead, the debt collector must contact your attorney; they may only continue to contact you, the consumer, if granted permission, or if the “attorney fails to respond to the debt collector within a reasonable period of time,” as the Consumer Financial Protection Bureau (CFPB) explains.
This protection is a huge asset for a number of reasons! First, it can go a long way toward ensuring your peace of mind and financial stability in the short term. Even more importantly? Historically, outside debt collectors have been valuable tools for resorts and developers; if these agents are repeatedly hamstrung by the lawyer’s representation and return the file back to the resort, the consumer suddenly has the benefit of leverage, softening up the resort for an attorney to begin a walkaway negotiation.
A Timeshare Attorney Has Leverage
And on the subject of leverage, it’s important to remember that the ability to pursue litigation – offered only by legal professionals, and not by private or third-party companies – is a big deal. While class-action lawsuits against the timeshare industry, in particular, don’t always have the impact that consumer protection advocates would like, the option of litigation is a powerful one; at the very least, as our Michael Finn wrote recently, litigation “will continue to serve notice on the timeshare development community that someone out there is paying very close attention to them, and that can’t be a bad thing!”
As Michael noted, Finn Law Group…
“… has successfully initiated multiple pieces of class action litigation against timeshare resort developers. In one concluded case, over eleven thousand former timeshare owners saw foreclosure entries on their credit reports purged, and another over two thousand owners received extended vacations for no cost.”
The most important thing to remember? It is only a licensed attorney who can offer you, the consumer, the various powers of legal protection, and the avenue to pursue litigation, should there be a viable case. Private companies, in the end, care for their bottom line; while an attorney has a fiduciary, a legal obligation, to put their client’s interests first. An ethical, experienced lawyer’s duty is to pursue justice for their clients, and their clients alone.
We encourage you to reach out to discuss your next steps! Led by Attorney Michael D. Finn with 50 years of experience, the Finn Law Group is a consumer protection firm specializing in timeshare law. Our lawyers understand vacation ownership as well as the many pitfalls of the secondary market of timeshare resales. If you feel you have been victimized by a timeshare company, contact our offices for a free consultation. Know your rights as a consumer and don’t hesitate to drop us a line with any questions or concerns.