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Senior Citizens Clamor for Timeshare Relief

Senior citizens who want to get out of their timeshare contracts are often the ones who experience troubles with fraudulent timeshare companies. Seeking for timeshare relief proves difficult for these people because they are often the ones who are desperate to get rid of their timeshare contracts. Whenever an opportunity knocks at their doorstep to do so, they almost always try to grab it.

Timeshare contracts are often difficult to cancel because not too many people are willing to avail of this vacation package at this time. Owning a timeshare, especially during the financial crisis, requires financial stability. It has associated fees that never decrease in time. It even continues to increase. With that, owning a timeshare is not that easy to do.

A practicing attorney in Washington, D.C. and Maryland, Benny L. Kass, received a query from a senior citizen in his website. The man had troubles with regards to their efforts in seeking for timeshare relief. This timeshare owner shared his difficulty in getting rid of their timeshare because of their transactions with several listing companies who promise service yet fail to deliver them. He declared his desire for the attorney general of Florida to take actions since most fraudulent activities happen in the state.

Kass responded that the best way to make the office of the attorney general do something on the matter is to keep on sending complaints. Timeshare owners with difficulty in getting rid of their timeshare contracts should do it make their clamor reach the appropriate agencies.

Timeshares in the Emirates Gaining a Name as a Relief Provider


Lately, the timeshare industry in the US has seen a number of timeshare owners seeking for timeshare relief. Timesharing may have been introduced almost 50 years ago in the French Alps and it may have seen great changes since then but the timeshare system is just gaining a name in the Emirates.

The timeshare system enables the owners of the timeshare packages to stay in their timeshare units for a week or more. It has gained enough following in the US and other European countries with the opportunity it provides vacationers. Unfortunately, because of the increasing maintenance fees, some timeshare owners are opting to get out of their timeshare contracts. And the financial crunch worsened this scenario.

But in the Emirates, the financial crisis is causing the boom of timesharing. This is because people in these countries have discovered the benefits that timesharing offers. They are finding it an opportune time to lower expenses especially for luxurious expenses by sharing the costs.

Wael Hussein Amer of the Arabian Falcon, a timeshare company in Dubai, stated that the main attraction of timeshare is cost sharing. People are finding it beneficial not to purchase holiday homes at its full cost and using it for over a couple of days alone. While with timeshare, people can spend less because they get to share the full cost of the resort.

Timeshare is no doubt beneficial but only if it is property carried out. If the other unbeneficial practices being done in the US is also carried out in the Emirates, owners will also later find it beneficial to get rid of their timeshares. Hopefully, timesharing will be implemented properly in that side of the world.

Timeshare Relief for Companies were Achieved through Write Downs

The timeshare industry experienced several write downs with the financial crisis that was felt by the whole world. Timeshare owners found timeshare relief by reselling their timeshare units or renting them out while timeshare companies found their relief by writing down some of its capital expenditures.

The write down started with Marriott International, Inc. last 5 months ago. And just last Thursday, Starwoods Hotels and Resorts Worldwide, inc. announced its fourth quarter earnings as well as its write down. It amounted to $362 million with the cessation of the timeshare constructions.

The chief Financial Officer of Starwood, Vasant Prabhu, shared their views on their timeshare engagement. They are currently cutting off their timeshare expenditures because the current market is not capable of earning them as much as they expected. They started out with their timeshare as an adjunct to their hotel business with the high rates of return they were seeing.

These write downs are revealing the difficulties that timeshare companies experienced with the financial meltdown. Timeshare companies may continue to stop some of their capitalization and timeshare developments. They will surely need to see the betterment of the economy until they once ago work with their timeshare plans.

Once the economy recovers, vacationers will once again look for vacation options for their convenience. They may still look for timeshare as a good vacation provider. Timeshare companies may find that a good opportunity to get back with their timeshare business even if there are still timeshare owners getting rid of their timeshare packages.