1. Timeshare Agreement: is it a fair contract?
Have you wonder why timeshare contracts protect mostly the developer? Why the
"exceptional" benefits told verbally by the sales representative are not in writing? Learn
why.
Many vacationers become victims of timeshare scam by signing unfair timeshare
agreements. Due to time restrictions and high pressure sales tactics, clients usually
won´t get a chance to review their timeshare agreement with a fine tooth comb. As
such, they rely on the word of their timeshare salespersons to tell them in detail what
they are signing.
This is a remarkable mistake.The contract is only fair if what is written and signed in
the timeshare agreement is in alignment with the verbal presentation given by the
salesperson at the time of purchase. This example is not the only form of timeshare
fraud that leads to unethical timeshare agreement. Many recent timeshare purchasers
question if they were treated fairly in the following respects:
Is the Timeshare sold for a fair price?
Timeshares do not have a fixed value. The timeshare salespeople gauge the financial
capabilities of each client to determine the price they feel they can bear to pay. The
salespeople typically collect preliminary information (this is done casually and at the
beginning of the presentation) to see if the client qualifies for credit. This preliminary
information gives the sales team an idea of the client’s yearly income so that they can
determine a starting price. The starting price is normally an exorbitant amount, which
quickly drops to make the client feel that they are getting a bargain deal. The
salespeople also use sales techniques, such as offering to take back the client’s first year
or two of use in order to bring the price down even more.

2. These sales tactics are scams because timeshares do not have a fixed value, so the offer
to restrict the use for the client is just a ploy to give the illusion of saving money. In
actuality, the price of timeshares is normally very unfair. Most vacationers get better
deals to the same resorts by booking online, than through using their timeshare.
Also, the timeshare is a lengthy commitment that the owner will have difficulty to sell.
The price of timeshares on the secondary market is a small fraction of what it would cost
to buy the timeshare directly from the resort.
Does the Timeshare contract State all the Salesperson’s Verbal Promises?
Plain and simple: NO. In order for the timeshare purchase to be considered fair, it should
be an exact reflection of what was explained to the client during the sales presentation.
Many timeshare scams occur because the verbal promises, such as rentals, resales,
annuities, travel discounts, etc. are not stated in the contract. Other timeshare
agreement are actually worded to contradict the verbal promises, such as “the
salesperson did not offer any rental programs”. The salespeople take advantage of
clients by pressuring them to sign without reading every single clause. Timeshare
agreement that do not state every verbal promise, and that clients have been given
adequate time to read and understand, are not fair contracts.
Is the Timeshare Agreement Financed in the Manner that was explained by the
Salesperson?
We hear from many clients that they were told that they were purchasing the timeshare
with financing at low interest rate ie. 2.9% through the resort directly. In reality, they are
signed up for a credit card (this happened recurrently with BANK OF AMERICA RCI
REWARDS ELITE) through one of the timeshare companies affiliated banks, which
charges the entire balance onto the credit card. The interest rate may be kept at 2.9%
for the first 6 months, but after that time the interest rate rises to a very high amount.
Many clients end up finding alternative financing, such as a home equity loan, to pay off
the credit card faster and incur lower interest payments. Ultimately, the timeshare
resort is paid in full from the time that the charge is posted to the credit card. These
types of timeshare agreement are not fair. The timeshare agreement should clearly
outline the terms of the financing, and get the client’s implicit authorization to set up a

3. credit card. Many clients don’t even realize that the paperwork they signed is actually a
credit card application. The terms of the financing should be clearly outlined by the
timeshare resort and understood by the client in order for them to be considered fair.
Once the written timeshare contract is signed, the resorts are in a position of power
because, according to the law, the client agreed to all the terms of the timeshare
agreement by accepting to sign the document.
If you find yourself in the position of owning an unfair timeshare agreement, do not feel
helpless. Our staff at Mexican Timeshare Solutions help clients every day to regain their
power by cancelling their timeshare contracts and recovering their hard earned money.
With our service, we offer a free initial consultation to discuss your timeshare situation
and unfair agreement in detail. We will give you an honest assessment of your situation
and what we can do to resolve your timeshare fraud. We do not charge any money
upfront, so what are you waiting for? You have nothing to lose, except your timeshare!
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About Mexican Timeshare Solutions:
Our goal is to assist timeshare purchasers who feel they were scammed or taken
advantage of by fraudulent salespeople. No upfront fees for our services cancelling
timeshare frauds. We offer a free consultation and we do not rest until get your
cancellation.
Contact:
www.timesharescam.com
Toll-free: 888-275-3595
Telephone: 714-277-3662
Mexico: 334-162-5467
info@timesharescam.com
To learn more about services for timeshare victims, visit:
Timeshare Agreement: is it a fair contract?