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Learn a little bit about taxes and timeshare cancellation

Learn a little bit about taxes and timeshare cancellation In conjunction with the timeshare cancellation that we may obtain on your behalf, there is the possibility that you will receive a form 1099c from the timeshare developer reflecting cancellation of debt which entitles them to a tax

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The Anatomy of a Timeshare Sale

The bait – The developer entices the prospective purchaser with free tickets to Disney, a free stay at one of the developer’s resort, a deeply discounted cruise, or the like. This inducement may come in the form of a cold call, an ad on the internet, an

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The true cost of timeshare ownership

In keeping with our previous blog(s), the ownership of a timeshare is not to be mistaken with a legitimate real estate ‘investment.’ But is timeshare ownership even cost effective compared to say, paying standard fare by pre-booking at a resort? A recent survey based on Priceline® quoted

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Right to an accounting:

One of the most onerous aspects of timeshare ownership is the assessment of ever increasing ‘maintenance’ fees. In this blog, we have discussed the economics of maintenance fee dues for a hypothetical ‘typical’ resort: An average resort may have 1,000 units, and charge an average of $1,000

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Don’t Get Scammed

Don’t get scammed again: Our law firm has practiced general contract law and litigation for over 25 years, with a special emphasis on timeshare law in more recent years. As a duly licensed attorney, there are certain requirements our professionals have to adhere to in order to

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Learn about timeshare rescission

Timeshare Rescission: The word ‘rescission’ is a form of legalese loosely meaning cancellation, as in your timeshare contract. More technically, ‘rescission’ is a noun deriving from the verb ‘rescind’ – to invalidate or void. If we are able to accomplish this for you, it does several things,

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Timeshare Resales

Timeshare ‘resales’ Often during a timeshare presentation your unscrupulous salesman promised you what a great ‘investment’ your timeshare would be, appreciating in value and sure to bring a nice return upon resale. Along these lines, there are a number of equally unscrupulous characters in the business of

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Caribbean International Corporation – The First Timeshare

The first timeshare in the United States was started in 1974 by Caribbean International Corporation based in Fort Lauderdale, Florida. It offered what it called a 25-year “vacation license” rather than ownership. The company owned two other resorts the “vacation license holder” could alternate their vacation weeks with, one

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