In many occasions, timeshare has been there to assist you in making it more memorable and meaningful. A timeshare unit allows you and your family to stay as one just like at home though in a different set-up. Nevertheless, it made even more exciting to see your love ones on vacation with less booking hassles, overnight hotel expenses, and a place away from home.

Since the 60s it became a popular vacation spot of the world. From a simple hotelier in the French Alps, the timeshare concept have spread throughout the US and Europe and eventually to the rest of the world. It opened new discoveries on the many beautiful vacation hotspots located across nations. Many have patronized this vacation plan for the purpose of fun, adventure and at the same time cost-saving leisure.

This was the scenario a few years back where commercial planes started to fly and when traveling became a necessity rather than a luxury. It is no doubt that with its development, millions of people contributed to the success of the timeshare industry making it one of the biggest economic sources especially in the US.

Who would have thought that such a big industry can be affected with the global financial crisis?

As a result of the recession, timeshare industries’ sales weren’t good during the last 3 years. Millions of dollars were declared as timeshare losses. Though a ten percent increase was noted in the early part of 2010, it still did not cover the major amounts that needed to be replenished as soon as possible.

Recession gave way for big time unscrupulous people to use the desperation of timeshare owners to surrender their units in exchange of advertising costs. But on there was no advertising activities whatsoever that these resale companies had implemented. Instead, they were speedy in gathering money and later on refuse to reimburse or worst, fly somewhere else so no one can see them.

Timeshare relief seems unlikely these days. But I assure you of a system called transfer title wherein it allows you to completely stay away from your vacation house. So that means, the benefits of not having to pay anymore for that hefty fees are already visible.