If you or someone you know has bought a timeshare without knowing what you’ve really purchased, call Castle Law Group today for a free legal consultation on your options.
In Louisa, VA hundreds of Bluegreen Resort timeshare owners recently received notices of foreclosure on their timeshare interests at Shenandoah Crossing. After the foreclosure proceedings were finished, Bluegreen held an unusual auction of the foreclosed timeshares on the steps of the Louisa County Courthouse. Why was the auction unusual? There wasn’t a single bidder.
That was almost certainly by design. Bluegreen set the minimum prices on every timeshare interest between $10,000 and $20,000. Bluegreen didn’t even bother to send a representative to the auction to answer questions about the units or amenities of each timeshare interest. And these insane prices were being asked, in spite of the fact that timeshare interests in Shenandoah Crossing can be found for as low as $5 on eBay and other auction sites.
So why did Bluegreen ask for such unreasonable amounts on timeshares that nobody at the auction could understand?
Because they’re hoping to sell them at timeshare sales presentations to consumers who don’t know they’re being asked to pay an 800% increase on the resale price for a comparable timeshare ownership.
Here at Castle Law Group, we believe that education on timeshare issues is imperative for stopping timeshare scams. Many timeshare companies prey on consumers who are unfamiliar with what the concept of a timeshare so they can ask for exorbitant purchase prices, in addition to maintenance fees that rise each year without fail.
Timeshares are not all bad, but they are certainly inappropriate for some people as a travel option and should never be entered into without a full understanding of the timeshare contract. If you or someone you know has bought a timeshare without knowing what you’ve really purchased, call Castle Law Group today for a free legal consultation on your options.