dormckenna
Junior Member
What is the name of your state (only U.S. law)? VA
My husband and I purchased a timeshare from some "close friends" this past fall. Prior to purchase, we had discussions on the costs associated with the timeshare. They told us the only cost was the annual maintenance fee. In January, we received a special assessment from the timeshare for $700. We then contacted our "friends" and asked them if they had ever received any special assessments as they did not tell us that when we were considering the purchase. They told us that they had only received one other special assessment a few years back for $300 or so. We then contacted the timeshare and they told us that there had been special assessments four of the five years our "friends" owned it, and that they had complained about every single assessment. Obviously, our "friends" lied so they could get rid of the timeshare. Do we have any legal recourse against our friends as they did not divulge all the financial information or are we just screwed?
My husband and I purchased a timeshare from some "close friends" this past fall. Prior to purchase, we had discussions on the costs associated with the timeshare. They told us the only cost was the annual maintenance fee. In January, we received a special assessment from the timeshare for $700. We then contacted our "friends" and asked them if they had ever received any special assessments as they did not tell us that when we were considering the purchase. They told us that they had only received one other special assessment a few years back for $300 or so. We then contacted the timeshare and they told us that there had been special assessments four of the five years our "friends" owned it, and that they had complained about every single assessment. Obviously, our "friends" lied so they could get rid of the timeshare. Do we have any legal recourse against our friends as they did not divulge all the financial information or are we just screwed?