Orange Lake is taking back nearly 1,300 timeshares from frustrated owners in landmark settlement with timeshare exit team
ORLANDO, Fla., January 15, 2020 /PRNewswire/ — Reed Hein & Associates (which operates as the Timeshare Exit Team) highlighted the types of roadblocks and unfair tactics timeshare developers have become known for and successfully negotiated a way out of approximately 1,300 clients’ timeshare contracts by Orange Lake Country Club in OrlandoFlorida. These frustrated Orange Lake customers had turned to the Timeshare Exit Team for help, often after other companies, including so-called “resale” companies, had failed to deliver on their promises.
In 2017, Orange Lake filed a complaint Florida Federal court v. Timeshare Exit Team, which claims the company “conspired” with attorneys it employs to help hapless Orange Lake timeshare owners exit their timeshare contracts. On Monday, however, Orange Lake filed a full settlement notice with the timeshare exit team to avoid this Orlando The jury trial is scheduled to begin that day.
In the settlement, Orange Lake agreed that its “fully paid” timeshare owners who worked with the Timeshare Exit Team can now exit their timeshares through Orange Lake’s “Horizons” program without “financial hardship or health issues.” “Having to present or other unforeseen difficulties” as owners look for from their contracts above Horizons would normally do that.
Many of Timeshare Exit Team’s clients have a mortgage and/or lien on their timeshare and are concerned that foreclosure could result in their being subject to collections. In fact, some states allow timeshare developers to seek judgment against a timeshare owner who defaults on a “deficiency” — that is, the amount of money that the foreclosure proceeds fall short of the total mortgage debt — following a foreclosure. Orange Lake owners who hired the timeshare exit team prior to the settlement will no longer face any type of financial judgment as long as they keep in touch with them Reed Hein and Orange Lake. These frustrated timeshare owners are given a proposal to resolve their mortgage or lien, a deed in lieu of foreclosure, or in some cases an exit through foreclosure.
Prior to the Settlement, three of the lawsuits filed by Orange Lake were successfully challenged by the Timeshare Exit Team, including a lawsuit alleging tortious interference with a beneficial business relationship and two lawsuits alleging false advertising. US District Court Judge Wendy W Berger ruled on the latter allegation that “none of the advertisements in question instructs the consumer to stop paying, nor are the allegedly false or misleading statements intended to induce any such action.” Shortly before the trial, Judge Berger issued an order telling Orange Lake that she had “serious doubts” about her “ability to establish causality and damages” in court.
“This is a big win for consumers, who can now rest a little more comfortably thanks to this agreement,” he said Brandon Reed, a founding member of the Coalition to Reform Timeshare and CEO of the Timeshare Exit Team. “We have always been committed to taking care of our customers and with this settlement, we will provide an accelerated path to exit for Orange Lake customers we have worked with, who will now additionally be able to make financial judgements.” to avoid .”
The Timeshare Exit Team, the leading timeshare exit company in the US, has successfully helped more than 20,000 people exit their timeshares since its inception in 2012, despite opposition from an industry that exceeded $10 billion last year earned US dollars. In the face of desperate spins and frivolous legal action by leading developers, the Timeshare Exit Team has continued to deliver on its promise to ethically and transparently serve consumers who have felt tricked and trapped by an industry that is largely and dangerously unregulated.
“For years, developers have stressed consumers about timeshare purchases, which owners often regret,” Reed said. “We will continue to fight for these consumers and will not stop until the industry changes. As a bare minimum, developers must commit to adopting the Timeshare Bill of Rights proposed by the Coalition to Reform Timeshare.”
About the timeshare exit team
Timeshare Exit Team is the industry leader when it comes to helping people exit their unwanted timeshares. Understanding this need, the Timeshare Exit Team launched in 2012 with one goal in mind: to help consumers find financial and emotional freedom from their timeshare situation. To date, it has helped more than 20,000 timeshare owners terminate their timeshare contracts. More information is available online at https://timeshareexitteam.com.
SOURCE Timeshare Exit Team