More Timeshare Traps
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Beware of timeshare companies that are not divulging the truth about the condition and market value of a certain property. Many of them are very tricky. In fact, the rule is that they are prohibited to misinterpret the information about the exchange or resale of such properties.
Furthermore, the law states that timeshare companies shall not exclude oral agreements made before the property purchase as well as any fees that were not verbally mentioned. However, timeshare rules vary according to state. Some states do provide a compulsory two-week cooling off period for the buyer to think if they want to cancel their contract.
