We remember the time when the concept of timeshares was first introduced in the travel and tourism industry. Every other person wanted to own one to spend a great vacation with friends and family. As the years passed, people realized that timeshares are money-eating machines and that they are getting nothing but a financial burden.
If you are one of those who have invested in Bluegreen timeshare and now just pouring money into it, you need to read this guide. When your timeshare is no longer in use, then you need to end this contract, as it is just taking money from you. With the passage of time, the cost you are paying now will increase, so why throw your hard-earned money into oblivion?
When you cancel a timeshare, you will face some legal complexities, which we will discuss in this article, so stay tuned!
Why Cancel Bluegreen Timeshare? A Business POV!
First let’s just discuss how a Bluegreen timeshare can be a burden for the owner and what most owners face with this contract. This long-term financial commitment that you have made for the sake of vacation convenience has failed to deliver its promises on many grounds.
- This works like buying a real estate property, but in value, it is totally different. The price of a property increases with time, whereas the price of a timeshare depreciates with time. Why is that so? The demand for timeshares is decreasing.
- Timeshare is bought at a cost, but you still have to pay yearly maintenance, special assessment, and other hidden charges to the company. These charges keep increasing year after year, and they are non-negotiable. You have to pay these charges if when you are not using the property.
- Worst part? The booking system is very rigid, and you don’t get the property on your desired dates. In fact, exchanging the property is also restricted. Making it utterly disappointing for the owner who has spent so much money on its purchase. If you are a frequent traveler or a business person, you will get problems in getting the property at your desired time.
- Companies like Bluegreen Timeshare often have misaligned incentives, and they feed on long-term contracts and recurring fees. This greed of incentives makes them deceive clients with dissatisfied services. This traps the owner in financial strain!
Because of these reasons, you need a strategic exit plan that requires minimal monetary investments from the owner. If you are a small business owner and want to get rid of timeshares, you are doing the right thing. Here, you will find your path to cancel Bluegreen timeshare!
The Legal Implications Of Canceling Bluegreen Timeshare
Every company’s timeshare contract is somewhat similar, but each contract has its own terms and conditions, so before you proceed with anything, read your contract vigilantly. Timeshare contracts are the anchor that binds you with this unwanted financial burden. The provisions in your contract might help you bring the case in your favor. Here is what you need to look for to cancel Bluegreen timeshare contract:
1. The Cooling Off Period
In simpler terms, it is just a 5-15 day period of time that you get after the purchase of the timeshare contract. During this period, you can decide whether you want to keep the contract going or it was an impulse decision and it is better to end it. We hope you understand it within this time frame, as the cancellation won’t require you to pay a penalty. You have to submit a written request for cancellation to Bluegreen, and they will cancel your contract.
2. Breach Of Contract Claims
In case Bluegreen has deceived you with its misleading marketing tactics or has misrepresented the ownership benefits of this timeshare, you can file a complaint. This breach of contract claim will fall in your favor as you can claim that the company failed to deliver what they promised.
This can be:
- A misled statement that the resale value or exchange program will give you good returns
- The property is not maintained as they have advertised.
- The sales tactics were very aggressive, and they made you buy it anyhow.
For a better understanding of your situation, you can consult a timeshare law expert who can help you identify under what breach your situation falls.
3. Specific Protection Rules By State
The consumer protection laws can differ from state to state and even by jurisdictions. You have to ask your legal advisor if your state offers additional rules for consumer protection and whether any of those rules apply to your situation.
For example, the stay in Florida (Bluegreen’s headquarters is here) requires sellers to give a clear and complete description of the service or product during the sale process. Just like that, you can find many more laws applied within your state or jurisdiction.
4. Deed-in-Lieu Programs
The “deed-in-lieu” program is a legal clause in the timeshare agreement that allows owners to return the contract at will (voluntarily). The good thing is that it is available in Bluegreen’s contract. Although it is prominently advertised, these kinds of programs are very helpful for owners who want to end this contract.
You can negotiate the terms under some conditions. To ask about this you have to contact Bluegreen directly via their customer support.
How To Strategically Cancel Bluegreen Timeshare?
If you don’t want to continue with legal ways, you can try these business-savvy ways. These are easy to implement but might take some time and effort.
1. Professional Mindset For Negotiation
You can’t just start the negotiation like an ordinary owner. You have to turn on your business mind. Start with a formal letter with reasons why you want to cancel the contract. In this letter, it would be best if you emphasize financial hardships and add negative reviews on social media exposure. The company will mellow down in negotiations, and you will get an out easily.
2. Look For Debt Settlement
If the bone of contention is a financial burden, then you should consider asking for a lump-sum settlement to cancel your agreement. Bluegreen or other timeshare companies will not bear non-payment over reduced upfront payments. To better understand this strategy and to cautiously proceed with it, you might need help from an expert.
3. Look For A Reputable Exit Firms
There are many at the moment, but not every timeshare exit company is reliable. Consider hiring reputable firms like Linx Legal, which specializes in timeshare law and focuses on ethical practices. They have verified attorneys and negotiators who will offer transparent pricing and proven records.
Conclusion – Bonus Points To Cancel Bluegreen Timeshare
As the last steps, you can try resale and transfer, but if these two don’t work you can file for bankruptcy to save what is left. Your trusted exit partner will help you go through these legal complexities. Linx Legal can be a very helpful resource if you are up against Bluegreen and want to cancel your contract on legal grounds. This entire process will take a toll, so be patient as the outcome might be a huge relief!