Legal Question in Credit and Debt Law in Missouri

mediation

My question is this my husband and I bought into a resort timeshare and have tried many times to get out from this silly debt with no luck. No property was bought just the right to visit this place. The company has now sent a letter stating that the only options now is for a mediator to consult us with the choices of a quitclaim, a mutual release or a transfer. My question really is this what do these terms mean and is there any loop hole to get out of this ridiculous deby? Please help?


Asked on 4/26/07, 10:29 am

1 Answer from Attorneys
Anthony Smith LawSmith

Re: mediation

Timeshare agreements are unusual creatures of the law. The terms you mentioned may apply directly with your situation. Basically they are wanting a mediator to confer with both sides to see if the property (your right to use the property) might be sold or given away. Given that you seemed to have gotten into this position with limited understanding, you probably should hire an attorney to explain how these terms relate to your situation.

The short explanation possibl ehere would not be sufficient to prepare you for this mediation, nor to be able to extricate yourself from your commitment to continue paying.

Good Luck

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Answered on 4/26/07, 4:35 pm


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