The coronavirus pandemic has effected travel across the board, but especially in the resort and timeshare space. Net originated timeshare sales have since begun to rebound, increasing 67% from the fourth quarter of 2020 to the fourth quarter of 2021, according to a report from the American Resort Development Association. Sales have yet to return to 2019 levels, says Jason Gamel, president and chief executive officer of the American Resort Development Association.
In light of this surge in timeshare sales, RFA Corporation believe that consumers need to be aware of their rights when it comes to safely and legally cancelling their timeshare contract.
R. French, the President of RFA Corporation said, “The most important thing for consumers to remember is that you should never, ever, stop making your timeshare payments. This can put you at risk for a whole host of additional problems.” Mr French continues, “Regardless of your feelings surrounding the situation, halting payment to the resort is about the worst thing you can do when you are hoping to cancel your timeshare.”
RFA Corporation is a boutique timeshare exit firm, with a different attitude and approach then the majority of timeshare cancellation companies.
“First, we partner with select law firms in Las Vegas and other key resort cities. This means our attorney partners have the local connections that are sometimes needed to get the job done. As much as we would like to think otherwise, connections to the good ol’ boy network can still matter in some cases.” said Mr. French.
RFA Corporation is using social media to reach a wider audience and to help spread the word about their new timeshare assistance program. The firm is hoping to reach as many timeshare owners as they can before the program ends in late 2022.
RFA Corporation’s timeshare assistance program helps timeshare owners go through the process of cancelling their timeshare. The firm offers free assistance but does charge a fee (to help cover attorney costs and operating expenses) if a consumer wants to exit their timeshare. RFA Corporation is rated A+ with the Better Business Bureau.
“People shouldn’t buy timeshares thinking they’re going to make money on them,” Says M. Doromal, Vice President or Strategy at RFA Corporation. “You buy it to use it. If your timeshare salesperson pitched the timeshare as an investment, that’s not an ethical way to sell a timeshare, in my opinion.”
To get out of a timeshare legally, consider these options:
Use the rescission period.
Call the timeshare developer.
Rent your timeshare out.
Sell your timeshare on the resale market (but expect to take a hit).
Gift your timeshare to a friend, family member or stranger. They will take over any maintenance fees.
Avoid timeshare exit scams.
For more information about RFA Corporation’s Timeshare Assistance Program, visit their website.
Video Link: https://www.google.com/maps/embed?pb=!1m14!1m8!1m3!1d13281.418143057139!2d-111.8881123!3d33.6738829!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x0%3A0x5a11e2fb0505fddd!2sRFA%20Corporation!5e0!3m2!1sen!2sus!4v1657641326818!5m2!1sen!2sus