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Timeshare

Timeshare claims with no win

In today’s recession, many families are trying to cut excessive costs anywhere, and this often translates into timeshare buyers looking for any and all timeshare exit strategy. You can: rent your timeshare, sell your timeshare, transfer your timeshare title or you can donate your timeshare.

The first option to try to get a timeshare exit strategy is to sell a timeshare. Basically, since the 1970s, when timeshare really came into play, buying rates have been steadily increasing. Then, recently, in 2007, with the beginning of the recession, the timeshare industry started to see a decline in sales, but it was quite sharp. In 2009, the timeshare market fell 40% and that was after the market fell 10% in 2008. Basically, about 6 million Persons are timeshare owners, no one buys more timeshare and everyone is looking for an exit strategy.

Unfortunately, those people who try to sell their own timeshare, but fail, think that it is just them and, if they are through a company “specialized” in selling timeshare, they must be a viable exit strategy for timeshare. Unfortunately, this area of the timeshare industry is a big part of why it has such a tarnished image. Timeshare resellers are some of the biggest scammers in the business world today, telling owners that they have buyers lined up for them, offering them a huge profit as long as they pay the timeshare reseller company an upfront fee. Most people are usually very excited about the prospect of actually getting rid of timeshare maintenance fees and therefore do the business, only to regret it later.

Thus, after realizing that there is currently no value, much less profit, in timeshare, most owners now consider any alternative possibility of obtaining a timeshare exit strategy, removing all related costs. This is usually the only time that timeshare owners consider donating their timeshare, in the hope that they can get rid of their time share and also help a good cause. There is only one problem with this idea; charities don’t even want time share for free. They are very well aware of all random appraisal fees and property taxes and simply don’t have the money to spend on them. Yes, some charities accept timeshare; however, this only occurs when they have tested the market for a period of 30 days to see if they can find a buyer for the property at a profit for the charity. Usually speaking, if the individual timeshare owner with real knowledge of the timeshare industry cannot sell the timeshare, then neither can the people who work for the charity, leaving them back to square one without a timeshare exit strategy .

Now that all the alternatives have been exhausted, this is the time when most people consider paying a small fee to find a timeshare exit strategy. This is when individual timeshare owners look for timeshare transfer companies. Timeshare transfer companies, simply declared, take the title off their name and transfer it to a third party interested in timeshare for a fee, but the success rate with transfer companies is astronomically higher than a resale company , for example. As people go through other options and get to the timeshare transfer option, they increasingly realize that this is the best decision and current option as a timeshare exit strategy.

Categories
Timeshare

Ways to Relinquish Timeshare Ownership Legally

Many timeshare buyers don’t take long to discover that they made costly mistakes by investing in a timeshare. Other owners encounter challenges in financing their loans and ever-increasing annual fees before they’re ready to give up. Even the contended timeshare owners at some point may want to relinquish their contracts, especially when they’re done with travelling.

Shoppers can terminate a timeshare purchase if they instigate the process within the “grace period,” which varies from state to state and takes place within 3 to 15 days. Once the rescission period lapses, owners looking to cancel their timeshare will have limited options.

The industry reluctance to offer a noble exit for owners has opened the door for fraudsters and shysters to exploit the situation.

However, despite these challenges, there is still a path for discontented owners to relinquish their timeshare. With that said, here are ways to relinquish timeshare ownership legally, although it takes time and effort.

  • RENT IT OUT

Renting out your timeshare can help you to recover a significant percentage of maintenance costs. Perhaps you can permit a third-party to use it in exchange for a maintenance fee. All you to do is rent it out for a sizeable amount to put forward toward your maintenance expenses.

Renting out your timeshare on the open market is an ideal option for many people. Over the last few years, the rental market has been pretty healthy. Social media marketing has proven to be the most effective way to market a timeshare for rent or sale.

  • LOOK FOR A BUYER

The easiest way to legally dispose of a timeshare is to find a buyer, but it has its hurdles. Beware that the amount you recoup from the sale will be slightly lower than what you paid during purchase and that unloading it means you are no longer liable for its costs. Timeshares, especially the older ones, have little to no value despite attracting high annual fees, which keeps hiking.

If you want to find a buyer for your timeshare quickly, you can broker a deal with a licensed real estate agent to find you a buyer, but you will have to part way with at least 30 per cent of the sales price as commission to your realtor. In this case, you need to make your mind whether such a huge commission is worth it.

  • CONTACT THE RESORT

Some resorts have their defined timeshare cancellation programs. Although most of these programs aim to benefit the resort at the expense of the timeshare owner, the most important thing is that you can give up your timeshare. Reach out to the resort to find out if you are eligible for a timeshare cancellation program. Although many resorts provide limited timeshare exit avenues, you can’t know if you are eligible for exit unless you ask.

  • GIVE IT AWAY

If finding a buyer becomes a challenge or you intend to cut your losses swiftly, consider donating or gifting your timeshare. You will probably find someone ready to take your timeshare off your shoulders for free, unlike when looking for someone to buy it.

CONCLUSION

The discussed above are some of the ways disgruntled timeshare owners can relinquish their timeshare legally.

Categories
Timeshare

Information About Azure XP Points & Membership

Azure is under the wing of Limora Group as it’s with the case with late Bob Trotta companies. The line of products they dealt with was similar to those the sister company called Silverpoint dealt with. They had extended their operations in Golden Sands Resort in Malta. The business was to hit rock bottom as it was revealed that h they laid off over 70 staff members in their marketing department. Along the challenging journey, they’ve come up with new products dubbed Azure X and Azure XP.

So what are these products?

Let’s dig deep and reveal what these terms mean. Azure X is a membership product that utilizes a digital leisure form of currency called XP. The XP currency is said to be viable and accepted across all leisure products provided by Azure. The strength of the leisure currency rewards loyal clients with the ability to enjoy their new products without having to buy them.

Has the liquidation affected the ownership of Azure X?

It’s fair to reveal that as an active member you still hold the advantage of retaining the ownership you had before the liquidation process began. It implies that your rights are still upheld and respected. Although there was a transfer of the club manager role to an undisclosed third party. The membership dictates that you can enjoy accommodation at any time you can enjoy accommodation across all classes. Theoretically, it gives you access to various amenities lodges, boats, cars, hotels and cruising. The membership tenure runs to a maximum of 30 years.

Members are allowed to sue their Azure XP points during any time of the year since the claims are flexible. The provider assures members with Azure X that they are in full control of the scheduling but there rises a huge question mark on the availability issue.

They say that members of other products who are happy with what they already own don’t need to purchase an Azure X subscription. This product cannot be updated for free by other members of. Product. However, you will receive an exchange for partial products that have already been purchased. Over the years we have seen many similar products like Leisure Credits, Monster Credits and of course the First Ranking System that made big promises but didn’t keep them.

As with all of these “club memberships,” preparation will always be a problem and there will always be more members as inventory. For example, a resort using the concept of a traditional fixed weekly apartment plan can only sell 51 weeks per apartment after the sale, which means there are no new members. By switching to these “virtual currency systems” they can increase their membership base.

In addition to the Azure X and XP subscription, Azure offers timer weeks, yacht ownership a product of Silverpoint which is now situated in Tenerife, and other UK hotels. The latter two are considered Excel Lodges real estate programs, which are very similar to the stock plans of the companies sold by Silverpoint.