The advent of Internet technology has drastically revolutionized the timeshare industry. This has caused convenience and travails for both satisfied timeshare consumer and those owners who want to get rid of their timeshares. The world has practical shrunk in this Age of Information with the dissolution of geographical barriers due to increased communication levels. Timeshare owners of today are blessedly more fortunate compared to timeshare owners of the last decade or so. This goes the same to both contented and disgruntled timeshare owner alike.
Online communications have greatly simplified the process of facilitating vacation getaways. Communications technology during the last decade posed extreme hassles for would-be vacationers. Timeshare reservations, flight schedules, even last minute calls are all sources of extreme annoyance for vacationers 10 years ago. Today, all vacation itineraries and essentials may be previously reserved or availed of from the convenience of one’s computer terminal. Reservations can be easily achieved months before the actual date through the online reservation services of a timeshare company.
Dissatisfied timeshare owners is also greatly benefited by advantages of current Internet technology. Lately, the World Wide Web has been the prime business area of a lot of timeshare relief companies. A casual search online will turn up a huge number of companies all offering some of form of timeshare relief for discontented timeshare owners. Ten years ago, owners had a hell of a difficult time finding capable timeshare relief companies. Today, Internet technology allows owners access to the services of premium companies such as Timeshare Relief Inc. right from their very homes.
Thursday, October 29, 2009
Thursday, October 22, 2009
Timeshare Promotional Videos Reveals Relief for New Timeshare Patrons
A lot of promotional videos for timeshares proliferating in the internet contain allegedly unscripted favorable remarks of timeshare owners over their vacation packages. However, a casual search on luxury vacation forums and discussion boards will turn up hundreds of owners who are getting rid of their timeshares. A growing number of timeshare owners today can no longer continue to financially support their timeshares with its costly maintenance fees and other special assessment charges. Hence, there is a veritable movement among timeshare owners who want to be free from their periodic timeshare woes.
Most timeshare promotional videos include interviews with timeshare owners giving approving comments on their timeshare vacation packages. However, most of these owners, if not all, are just recent timeshare patrons who have not yet the experienced the tedium of the same old vacation spot each year not to mention the financial distresses of periodic timeshare bills. Hence, timeshare promotional videos are partly biased over that fact. Furthermore, timeshare promotional videos never mention the interest on any outstanding loan acquired for the purchase of the timeshare.
The majority of the funds involved in most timeshare purchases today are financed by loans from a credit institution or from the timeshare developer himself. Full upfront cash payments for timeshares are unheard of these days; hence, most timeshare bills also include loan interests. It is worthy of note that credit institutions charge higher interest rates for timeshare loans compared to more traditional housing loans. Thus, the presence of these bills has caused a lot of timeshare owners today to seek timeshare relief for their financial woes which is never mentioned in timeshare promotional videos.
Most timeshare promotional videos include interviews with timeshare owners giving approving comments on their timeshare vacation packages. However, most of these owners, if not all, are just recent timeshare patrons who have not yet the experienced the tedium of the same old vacation spot each year not to mention the financial distresses of periodic timeshare bills. Hence, timeshare promotional videos are partly biased over that fact. Furthermore, timeshare promotional videos never mention the interest on any outstanding loan acquired for the purchase of the timeshare.
The majority of the funds involved in most timeshare purchases today are financed by loans from a credit institution or from the timeshare developer himself. Full upfront cash payments for timeshares are unheard of these days; hence, most timeshare bills also include loan interests. It is worthy of note that credit institutions charge higher interest rates for timeshare loans compared to more traditional housing loans. Thus, the presence of these bills has caused a lot of timeshare owners today to seek timeshare relief for their financial woes which is never mentioned in timeshare promotional videos.
Wednesday, October 14, 2009
Special Assessment Fees are not a Relief for Timeshare Owners
A lot of timeshare owners today are desperate for any form of timeshare relief. Most of these owners are displeased with the accompanying financial liabilities associated with timeshare ownership. This is because of the sad fact that timeshare ownership also inevitably means the payment of perpetual maintenance fees for the whole duration of the timeshare contractual obligation. Worse, maintenance fees are not the only unending financial responsibilities in relation to timeshare ownership.
Timeshare companies also charge owners with sporadic bills for special assessment fees. Special assessment fees are a form of a contingent fund for timeshare companies for the refurbishment of the timeshare property itself. This type of fee is solicited from the owner in cases where the timeshare property is damaged beyond the effects of normal wear and tear though time.
Fortuitous events such as hurricanes, earthquakes, volcanic eruptions, or other such calamities may cause excessive damage to timeshare real estate properties. In the event of such calamities, timeshare companies may charge owners with special assessment fees for the restoration of the timeshare property itself. Hence, special assessment fees are sometimes very expensive. In fact, the onslaught of the hurricane season last year even caused Marriot Intl. to charge some of its timeshare patrons with up to $ 1,100 worth of special assessment fees, each.
Special assessment fees may also be charged by timeshare companies to owners whenever renovations of the timeshare property are underway. Hence, special assessment fees are also a perpetual financial liability for timeshare owners. It may be sporadic and intermittent, but owners have no guarantee about the costs of future special assessment fees to be billed to them: special assessment costs are wholly based on the discretion of the timeshare company as is evident on most timeshare contracts. Although only a minor nuisance compared to recurring maintenance fees, special assessment fees also adds to the disgruntlement of many timeshare owners prompting them to get rid of their timeshares.
Timeshare companies also charge owners with sporadic bills for special assessment fees. Special assessment fees are a form of a contingent fund for timeshare companies for the refurbishment of the timeshare property itself. This type of fee is solicited from the owner in cases where the timeshare property is damaged beyond the effects of normal wear and tear though time.
Fortuitous events such as hurricanes, earthquakes, volcanic eruptions, or other such calamities may cause excessive damage to timeshare real estate properties. In the event of such calamities, timeshare companies may charge owners with special assessment fees for the restoration of the timeshare property itself. Hence, special assessment fees are sometimes very expensive. In fact, the onslaught of the hurricane season last year even caused Marriot Intl. to charge some of its timeshare patrons with up to $ 1,100 worth of special assessment fees, each.
Special assessment fees may also be charged by timeshare companies to owners whenever renovations of the timeshare property are underway. Hence, special assessment fees are also a perpetual financial liability for timeshare owners. It may be sporadic and intermittent, but owners have no guarantee about the costs of future special assessment fees to be billed to them: special assessment costs are wholly based on the discretion of the timeshare company as is evident on most timeshare contracts. Although only a minor nuisance compared to recurring maintenance fees, special assessment fees also adds to the disgruntlement of many timeshare owners prompting them to get rid of their timeshares.
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