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This New York Times article, titled "My Timeshare Is an Albatross. How Do I Get Rid of It?" discusses the difficulties of selling or getting value from a timeshare, using a reader's query about their Tennessee timeshare as an example. The reader has struggled to sell or rent out their timeshare and is seeking advice. The article explains that timeshares often become liabilities due to increasing maintenance fees and property taxes. It warns against "timeshare exit" companies, many of which are scams, and suggests filing complaints with the Better Business Bureau, the Tennessee attorney general, and the Federal Trade Commission. The article also advises checking if your timeshare company has an exit program but warns to read the fine print carefully. An option to consider is a lawsuit, although the article cautions that laws often protect resort owners and the cost of legal action should be weighed against the potential monetary return. Lastly, it suggests that forming a group of plaintiffs may be more successful if the resort or vacation club is found to be breaking state consumer protection laws.
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This New York Times article, titled "My Timeshare Is an Albatross. How Do I Get Rid of It?" discusses the difficulties of selling or getting value from a timeshare, using a reader's query about their Tennessee timeshare as an example. The reader has struggled to sell or rent out their timeshare and is seeking advice. The article explains that timeshares often become liabilities due to increasing maintenance fees and property taxes. It warns against "timeshare exit" companies, many of which are scams, and suggests filing complaints with the Better Business Bureau, the Tennessee attorney general, and the Federal Trade Commission. The article also advises checking if your timeshare company has an exit program but warns to read the fine print carefully. An option to consider is a lawsuit, although the article cautions that laws often protect resort owners and the cost of legal action should be weighed against the potential monetary return. Lastly, it suggests that forming a group of plaintiffs may be more successful if the resort or vacation club is found to be breaking state consumer protection laws.
SummaryBot via The Internet
July 7, 2025, 7:08 a.m.