June 3, 2020

By Irene Roberts

The timeshare Public Offering Statement (POS) is the first line of defense for consumers who experienced misrepresentations or lack of disclosure during timeshare sales presentations. In some states the POS is called a Disclosure Statement. Most timeshare contracts are perpetual and, unlike a primary residence, cannot be easily sold. 

Meanwhile, attorneys and time-share owners have questioned a provision that reduces liability for time-share developers if they make errors in contracts. Errors or omissions that are considered "nonmaterial" would not allow purchaser-cancellation rights after 10 days. Stargel said the legislation is meant to keep time-share owners from getting out of their contracts by finding minor flaws in them. It is meant to cover only technicalities, she said, not major problems. https://www.orlandosentinel.com/business/os-timeshare-bill-20150312-story.html

May 20,2020, Updated March 24, 2024

Timeshares are tricky enough to navigate in America, but buying a timeshare in a foreign country is even more risky. Two Mexico timeshare buyers share their experience.

The U.S. Department of the Treasury’s Office of  Foreign Assets Control (OFAC) sanctioned three Mexican individuals and 13 Mexican companies. These individuals and companies are linked, directly or indirectly, to timeshare fraud led by the Cartel de Jalisco  Nueva Generacion (CJNG). CJNG, a violent Mexico-based organization, traffics a significant proportion of the illicit fentanyl and other deadly drugs. 

May 6, 2020 (updated January 30, 2024

A lobbyist’s bizarre comment to bear in mind when reading 15 timeshare exit nightmares

“Their value comes from using it,” the timeshare industry’s top lobbyist told ConsumerAffairs in January, admitting that points have no resale value, while claiming that consumers don’t mind this because the value comes from the experience.