This edition includes all of our announcements, content from the timeshare community and the latest from our Consumer Watch Team.
1. Timeshare Tussle – Florida Trend
Jason Garcia, Florida Trend Associate Editor writes “Timeshare companies and exit companies are blaming each other for rising default rates.” Our Founder, Michael Finn was quoted in the article saying, “They’re really going after everybody that is trying to help consumers”. Read the full article on Timeshare Tussle.
2. The Timeshare Foreclosure Fiasco
Our Founder Michael Finn wrote about and was a featured guest on the topic for Inside The Gate. “The Timeshare purchase is a vastly different kind of consumer product than what the consumer has typically previously dealt with.”
“With your timeshare purchase you’ve actually contractually incurred two separate liabilities”:
- your mortgage debt
- your annual maintenance fees
3. Vacation Ownership Market Soaring
According to a Press Release published on openPR from Market Study Report, LLC, : Vacation Ownership (Timeshare) Market Soaring at 7.05% CAGR by 2023.” “During 2018-23, Vacation Ownership (Timeshare) Market is anticipated to grow at an increased rate due to the evolving consumer vacation preferences”.
With Vacation Ownership on the rise, our Consumer Watch Team is here to address any questions you may have on Timeshare Contracts. Buyer beware.