In a study conducted by the Better Business Bureau (BBB), timeshare exit solutions or teams were surveyed across the United States over complaints from over 400 consumers. The study highlights the documents and evidence from these consumers who believe they were victims of third-party companies.
Timeshare exit has been an increasingly prevalent tactic for unhappy owners looking for relief from their timeshares. Although the timeshare industry is showing nine years of consecutive growth and peak owner satisfaction, the media has painted a different story. Frequent travelers and adventure-seekers love their vacation ownership and the advantages timeshare brings them.
However, top developer brands like Wyndham, Bluegreen or Holiday Inn Club Vacations recognize that lifestyle changes happen. Years down the road, the maintenance fees might become more difficult to keep up with, or maybe you’re just not using your timeshare as much as you used to.
Exit companies or attorneys target unhappy owners that need a way out, charging steep up-front fees without delivering their promise. This has become a huge issue for both developer brands and owners, forcing the American Resort Development Association (ARDA), owners and developers into action. Responsibleexit.com is a free online resource that can help guide you in the right direction.
On Friday, news from Diamond Resorts brought another win for the timeshare industry against timeshare exit company, Castle Law Group PC in Nashville. In attempts to protect their owners, Diamond Resorts filed a lawsuit against Castle Law Group. This suit targets Castle Law and it’s related entities to bar them from communicating with any Diamond timeshare owners. The suit resulted in a permanent injunction against defendants William Michael Keever and castle Venture Group, ceasing their operations.