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Re: Is Getting Rid of Timeshares a Problem? (by Don P.):

The timeshare industry spends million of dollars researching marketing techniques to sell their products. They also spend millions of dollars lobbying law makers for favorable legislation. They prey upon people who are in a euphoric state enjoying a vacation. By the time their vacation is over and they return home the rescission period is usually over. Then they are hit with the realization that what the sales person told them is a pack of lies geared to get them to sign on the dotted line.

The answer from the industry is " let them eat cake ". They are only concerned with the bottom line. Some developers have even discovered that they can control the HOA by getting their own people on the board and then they can make even more profit by raising maintenance fees and assessments to improve their property at the expense of the owners.

I was fortunate to unload two timeshares through deed backs but I was forceful and told them in no other terms that I was going to get them out of my name with or without their cooperation and it was in their best interest to work with me. They agreed and now I have been maintenance free since 2011.

Right now it is up to each individual to negotiate their own exit strategy like I did. Sometimes you have to be creative and sometimes it might take extreme measures like my hypothetical method. If enough people use tactics and bail out the industry might have take notice and change their ways of dealing with disgruntled owners.

Fortunately todays social media give us forums to discuss our problems and devise solutions. I encourage everyone to share their thoughts and hopefully get the attention of the industry and make them change some policies.