Tips for Success When Considering Hard Money Loans Arizona

Every industry has its good and bad participants and hard money lending is no exception. But following a few tips can help to ensure success when seeking hard money loans Arizona.

As with any loan, careful evaluations should be completed for each lender and the terms for all hard money loans Arizona. If you are not familiar with the process or the loan documentation it is always a good idea to have your lawyer review any documents before you sign them because a hard money loan document is legally binding. In addition, there are a few other tips that can help you to ensure that your entire loan application and funding process goes smoothly.

There can be a few legitimate upfront fees that a borrower is asked to pay when requesting hard money loans Arizona. But be cautious of any extremely large fees that you are presented with prior to being approved for the loan. In most cases, these fees are being charged by a third party or a “broker” who is not actually the lender but is trying to get a fee and masquerade as a lender. Not only is there a good chance that you will not get funding from this person but there is also a good chance that they will sell your identity or personal information to others for an additional profit at your expense.

When you are presenting information to a potential lender, assume that they will find out any “little secret” that you might know about the property. Do not try to hide information about the title, tax liens or any issues that could become a problem in the future. A lender is going to fully investigate the property and will not look kindly on any borrower who has attempted to be dishonest or take advantage of them.

Know the Current Rates

Not all lenders are dishonest just like not all used car dealers are dishonest. But that are a few in every crowd. So be sure that you have polled several lenders and are well aware of the current rates and terms for hard money loans Arizona. This will let you know immediately if a lender is trying to take advantage of you and you can cease the relationship immediately.

As for A Detailed Fee Breakdown

In the end, all you are really shopping for is the loan with the best overall cost to you. So it only makes sense to clearly ask for a list of all of the fees and costs that you will be paying for the use of the lenders money. Having this clear list of the total cost will allow you to easily compare all of your offers without having to sort through various terms and jargon that can be a part of a loan document.

Using these few tips will help you to more easily determine which hard money loan is the least expensive and will allow you to get the best return on your investment.

Investing in a Timeshare? Financial Risks and Warnings

Financial Risks And Warning For Investing In A Timeshare

If you own a timeshare or are thinking about purchasing a timeshare here’s news you can use. A leading news story reported that they spoke to timeshare owners, financial advisers, and industry representatives to help you identify the costs, benefits, and drawbacks of owning a timeshare.

Timeshare Ownership Pros And Cons

Pro: Save on travel expenses. Timeshares come equipped with a full kitchen and laundry facilities. And can save you money by cutting out extra expenses, like paying for a coin-operated washer-dryer. Access to a full kitchen also enables timeshare owners to stay in more often to make home-cooked meals.

Con: Timeshares can be very difficult to resell if not impossible to resell. It’s also important to know what kind of real estate interest you actually own when you purchase a timeshare.

In about 95% of timeshare sales in the U.S. you’ll actually get a deed to a property, called a “timeshare estate” under state law, which often means you can rent the share out, sell it or exchange it, and pass it on to your heirs.

What They Tell You

The timeshare sales people tell the buyers that timeshare is like any other deed in real estate you can hold it in perpetuity, though you have to pay the maintenance fees each year, just like property taxes.

And they also tell the buyers that the buyers can sell the timeshare anytime they want too. What they don’t tell the buyers is like I said before timeshares can be very difficult to resell if not impossible to resell.

Con: Timeshares outside the U.S., such as in Mexico, are known as “timeshare licenses” or “memberships” which typically only give you a right-to-use for only as long as the contract permits and can have many other restrictions. One important fact is that, if you sign a contract outside the U.S. for a timeshare in another country, you will not be protected by U.S. laws and it is also very difficult to do a timeshare cancellation.  

Timeshare Scams And Fraud

Con: There is also a substantial amount of timeshare scams and fraud in the selling and reselling timeshare industry. Scammers prey on timeshare owners, promising to resell their timeshare for an upfront fee. So you pay the several hundred dollars upfront and never hear from them again.

Con: With traditional timeshares, not only do many buyers get involved in many timeshare scams but they also have to pay a lump sum upfront, which allows them use of a specific unit at the same time every year.

In today’s timeshare market, a one-week interval is most common, but the time frame can be shorter or longer depending on the unit. Timeshare owners are also required to pay annual fees that cover maintenance costs.

Average Price Of Timeshare

Con: Timeshare cost a lot of money. The average sales price for a one-week timeshare is approximately $16,000, with an average annual maintenance fee almost $700, according to the American Resort Development Association.

Con: These days, timeshares increasingly operate on a points system and these points cost a lot of money.

For all these and many more reasons today timeshare cancellation are on the rise, big time! If you have purchased a timeshare and would like to cancel but are not sure how to cancel the timeshare we can help you.

Most timeshare buyers are unsure that they can handle the task of doing a timeshare cancellation or they have succumb to the timeshare high pressure sales or one of the many timeshare scams and would like to cancel.

If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions or give us a call.

To find out more about timeshare cancellation log onto our website:

www.TimeshareCancelCenter.com

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www.TimeshareCancelCenter.com
5036 Dr. Phillips Blvd. #221 Orlando, Florida 2819-3310 USA

For A Free Consultation, Call 24/7: 1-855-600-9053   

Time Share Scams - You Need to Avoid - How to!

How To Avoid Timeshare Scams

A timeshare, also known as vacation or fractional ownership, is a real estate program in which a residential property is divided among many owners who have purchased the right to use the property for a specific period of time.

Timeshares are one of the top sellers in the travel and hospitality industry. Thousands are available and millions of people "own" them. But that doesn't mean timeshares are a good idea. An article on MarketWatch.com tells us that timeshares are generally marketed and sold to people who really can't afford them.

The idea of timeshares originated in France over 50 years ago when a developer in the French Alps decided to sell shares in a property rather than trying to rent rooms.

That original timeshare model proved to be successful and it increased in popularity in Europe throughout the 1960s, when escalating property prices made it difficult for most people there to afford a vacation home.

Today, over 10 million timeshare owners worldwide have access to more than 6,000 resorts in 95 countries.

An estimated $10 billion in timeshares are sold every year, making them one of the top money producers in the global travel and hospitality industry.

Types of Timeshares

A timeshare involves a room or rooms at a resort destination. Instead of paying full price, each owner pays only a share of the property’s total cost and can only occupy it during an assigned number of shares purchased.  

Most timeshare purchases are deeded or “fee simple”. This means that the purchaser is buying an actual share of ownership in the real property, and can resell, rent, give it away or bequeath it to their heirs, just as with any other type of real estate.

This kind of timeshare share may be for a specific week(s), a specified season(s), called floating system; or one where the usage week(s) changes from year-to-year on a fixed schedule or rotating timeshare system.

Non-Deeded

In contrast, all non-deeded timeshares, are known as right-to-use, or vacation-interval timeshares, they more closely resemble a lease. The buyer owns the-right-to-use the property for a specific period of time, and usually for a number of years, but doesn’t actually own it. At the end of the term, usage rights go back to the original property owner.

Two variations of the timeshare concept are vacation clubs and points-based programs. A vacation club is a company that owns multiple timeshare properties in different locations, which are rented to its vacation club members. Club memberships can also be bought, sold or passed to heirs.

Membership in a timeshare points program provides the buyer with a specified number of points that can be exchanged for timeshare usage at various properties owned or contracted by the operating companies, which are often hotel chains or well-known resorts.

How To Avoid Timeshare Scams

Even though the unpleasant sales practices in the timeshare industry get lots of press most timeshare companies still rely on the high pressure and hard sell approach.

Potential buyers are always encouraged to stay for a very lengthy sales presentation with the promise of extravagant prizes like free vacations, cash rebates, etc., if they endure the entire sales spiel. However, the gifts aren’t always what they seem, and often come with some kind of fee or hook.

Moreover, timeshare salespeople are taught to wear down potential buyers and overcome their objections and reluctance to buy by offering attractive big price discounts but only, if the buyer signs a contract on the spot.

As with any other sales pitch, the key to avoiding a bad deal is to never make an impulsive decision and never sign anything simply to escape the high sales pressure.

Instead, interested parties should always take the information home, read the entire contract over very carefully and make sure all of the costs, including maintenance fees and assessments are fully explained.

Buyers should also understand the benefits of legally rescission periods, during which a contract can be unilaterally cancelled within several days of its signing.

Knowing that a sale is reversible and that all upfront monies are required to be returned, can protect a consumer from his or her own impulsive decision making. Rescission laws vary from state-to-state, so information needs to be obtained from each state.

If you already own a timeshare you also need to be very aware of timeshare scams in the timeshare resale market.

Finally, timeshare buyers are advised to be very wary of purchasing timeshares in foreign countries, as they will not be protected by U.S. laws in cases of fraud.

The Big Timeshare Myths

I can get a great deal on a timeshare and go for vacation every year and save lots of money!

I can always sell my timeshare if I don’t want it anymore and get my money back.

Timeshare Truth

Timeshares are one of the biggest scams on the market today. Once you are stuck in one, you are stuck in a big, deep black hole. The first two words that should come to your head when you hear the word timeshare should be . . . run fast, so you can escape that annoying, high-pressure salesperson!

Questions To Ask Yourself

Ask yourself this, why would you pay thousands and thousands of dollars for a place that you might get the chance to visit for one week each year?

And a place that you have absolutely no equity in the timeshare.

And don’t forget, you have to pay extra ongoing high priced "maintenance fees."

And reselling that timeshare is almost impossible.

And the timeshare is basically just a very big expensive, which many timeshare owners call an ongoing headache!

Are You A Timeshare Owner

If you already own a timeshare, the good news is, your timeshare contract can be canceled. Yes a cancel timeshare can be a reality.

We have valuable FREE information that will help you discover how to cancel timeshare contract. Yes, you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.

If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions or give us a call.

www.TimeshareCancelCenter.com

5036 Dr. Phillips Blvd. #221 Orlando, Florida 2819-3310 USA

For A Free Timeshare Cancellation Consultation,
Call 24/7: 1-855-600-9053   

Important information about Timeshare Scams - Beware!

Timeshare Scams - Let Me Count The Ways. . .

If we were to count the ways that the timeshare resorts are training and retraining their salespeople to scam you, that would take too long because the ways goes on and on.

Now of course they don’t think its scamming, they’re just trying to take your “No” and turn it into a “Yes”.

If they have to take a 90 minute presentation and turn it into a 6 or 7 hour presentation so be it!

You see, the resort pays a lot of money to have people like you come through their doors.

Those people on the streets and in the malls that initially called you over to their booth get paid some pretty good money to book your tour and to have you show up at the presentation.

No Shows

If you don’t show up, they call that “No Shows” and if the people in the booths get too many of them, it could cost them their jobs.

So they need to tell you anything they have to have you show up at the appointed time that you scheduled with them.

I read once that people were being promised a new boat. (Now who wouldn’t show up for that?) After the presentation, the new boat that was promised, ended up being a new toy boat! Now in all honesty it was probable a very nice toy boat.

But I’m sure the turnover in the gifting department was like a revolving door because the poor employees that had to give over a toy boat most likely got an ear full on an hourly basis.

Anyway you get the picture. You know the old saying, “If it sounds too good to be true… it probable is.”

But the timeshare industry lives and I hate to say thrives on the rule that there is a sucker born every minute.

And if you could hear the timeshare scams stories that I hear, you would probable believe that yourself.

Now it’s not just the people that you might think that maybe a gullible, because this group includes, doctors, lawyers and Indian chiefs.

How About You

But let’s talk about you, so you went ahead and took to plunge. You took the timeshare salespeople at their word and all the promises they gave you.

You took the hook, line and sinker. You signed on the dotted line and now you’re the proud new owner of a timeshare.

You may even use it a time or two. But now it’s not really turning out exactly like you were told that it would at the time you purchased the timeshare.

They did tell you that they were building new units so just because you had a difficult time booking your vacation, you were still able to do it.

And just because the swimming pool was so crowded that you were only able to soak your big toe, they did say they were going to build two more swimming pools, the construction just hasn’t started yet. It will all be done by the time you come back next year.

But it’s not. Now you’re getting a little ticked, okay a lot ticked!

Your Timeshare Contract

You get out your timeshare contract. You’re sure all this stuff would be covered in the contract. The nice salespeople told you it would be... You know they wouldn’t lie to you.

Of course you didn’t have time to read the contract. They told you at the time you signed it that you didn’t have to. It was just a standard timeshare contract. And you took them at their word.

Oh boy. There’s trouble!

Now you learn that the internet is full timeshare resale scams.

How To Cancel Your Time Share

It’s at this point that many people began to think about how to cancel a timeshare purchase and they learn it’s NOT easy to get a timeshare cancellation.

Many people that have been a part of one of those timeshare scams send a timeshare cancellation letter. But they learn this is no help.

The biggest question for many timeshare owners is how do I cancel my timeshare? I’ll tell you more about that in a minute.

Now Back To You

You have decided that you want to get out of the timeshare contract.

So, you call the timeshare company because you want to know how to do a timeshare cancellation. You tell the timeshare company that you have been a part of a timeshare scam.

The timeshare resort tells you, “Sorry. You have signed a legal binding contract and there is no way for you to get out of it.”

But you say, “Yes, but what they told me was, they were going to be more building at the resort and that hasn’t come to pass.” This is a timeshare scam!

The customer service person asks, “Is all that in the timeshare contract?”

“No, but I know they told me that. My wife was right there with me and she heard it too.”

“BUT is it in the contract?”

“No… but…”

“I’m sorry there is nothing I can do. It is a legal contract. Enjoy your timeshare. Have a nice day. Goodbye.”

And now, you feel like you have no recourse.

Good News For Timeshare Cancellation

But WAIT . . . I’m here to tell you some good news about wanting a timeshare cancellation.

You are stuck with that timeshare contract only if you want to be.

What the timeshare resort has done to you can be UNDONE.

I know that there are so many people out there that need to hear that. There are so many people filled with anger, fear and hopelessness.

Take back your sleepless nights and know that there are ways that you can take action against the timeshare scams.

The good news is, your timeshare contract can be canceled. Yes a cancel timeshare can be a reality.

We have valuable FREE information that will help you discover how to cancel timeshare contract – yes, you can permanently cancel your timeshare payments, all maintenance fees and your entire timeshare contract.

If you own a timeshare and would like know how to cancel a timeshare, to learn more about a timeshare cancellation see our frequently asked questions at: www.timesharecancelcenter.com/faq  or call us at Call 24/7: 1-855-600-9053