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Why Hire a Lawyer for Cancelling Timeshare? The fact that almost 7% of households in the U.S. own at least one type of timeshare product is a testament of how popular this kind of property ownership is. But as expected, majority of those that own one belong to families that earn at least $100,000 in annual income. It’s true that there are so many benefits one can get in investing in timeshares, especially if you are someone who has enough income to cover the payments and costs. But the thing is it’s also an open secret that many people, right after several months of paying the costs, realize that they no longer are interested in continuing and honoring their investment in their timeshares. And considering you’re here and reading this post, it could only mean one thing: you also want to get out but you’re confused as to how to make that possible. When the payment obligations begin to pile up, including interest rates and maintenance fees, you eventually realize it’s no longer a sound and practical investment. To get that much needed relief, you need to hire competent and highly experienced timeshare exit attorneys. In this article, let’s discuss the reasons why you should consider hiring one: 1 – The first reason why you need a lawyer is because the laws that apply to timeshare cancellations may vary from one state to another. One particular problem related to this is the possibility that you may have purchased a type of timeshare property in another state which is different from where you’re currently residing. You therefore need to tap the services of a well-informed and competent lawyer who knows a thing or two about your case, more specifically on the rescission period and other pertinent laws.
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2 – It’s best to have an expert write the letter for the cancellation of your timeshare contract. Obviously, any termination of an existing contract must be done in writing. However, the problem is the letter you’re supposed to create is not your average business letter. Only a legal professional can produce something with substance and zero error. Perhaps the most important thing inside that letter is the cancellation statement.
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3 – The act of hiring a lawyer for a timeshare exit means you have someone who can protect you from debt collectors. Because pending payments and fees are expected during the course of the cancellation, debt collectors will surely be demanding you to settle your obligations, and they can be very persistent and in turn will cause you unnecessary stress. But with a lawyer by your side, you can invoke the Fair Debt Collection Practices Act that is designed to protect you from harassment from debt collectors, and once those collectors see that you’ve tapped the services of a legal professional, they most likely will back down.