In January 2020, Timeshare Exit Team suffered a humiliating loss to major timeshare developer Orange Lake Country Club, a.k.a. Holiday Inn Club Vacations. Days later, Timeshare Exit Team issued a press release in which company founder Brandon Reed described the loss as a “major win for consumers.”
On June 24, 2021, Timeshare Exit Team suffered another humiliating loss to another major timeshare developer — this time, to Wyndham Resorts. Timeshare Exit Team has yet to issue a press release claiming victory.
Orange Lake — January 2020
Only days before a jury trial was scheduled to begin in a Florida federal courthouse, Timeshare Exit Team threw in the towel. Timeshare Exit Team avoided jury trial by (a) paying Orange Lake $750,000, and (b) agreeing to never again provide “timeshare-exit services” to any owner of an Orange Lake timeshare.
The settlement agreement unambiguously states that the Orange Lake timeshare owners who had trusted Timeshare Exit Team with their money got nothing from the deal. Paragraph 2 states that the agreement has no effect whatsoever on any claims that Orange Lake has against the consumers who had paid Timeshare Exit Team to end their timeshare obligations.
Incredibly, Timeshare Exit Team issued a press release describing the loss as a “major win for consumers.” The press release also claimed that Orange Lake had agreed to release 1,300 timeshare owners from their obligations.
Timeshare Exit Team was similarly dishonest with Seattle’s King County Superior Court. In its answer to the Washington State Attorney General’s complaint alleging more than forty ongoing violations of the Consumer Protection Act, Timeshare Exit Team told the Court that the Orange Lake settlement was “another huge win for consumers — thanks to [Timeshare Exit Team],” and that the agreement included a timeshare exit “for more than one thousand owners.” Both statements were false.
Timeshare Exit Team tried to conceal the truth about the loss from its own customers and from the larger public, arguing that the settlement amount was a “trade secret.” In July 2021, the Court rejected the argument, and Timeshare Exit Team was finally forced to reveal the truth.
Wyndham Resorts – June 2021
On June 24, 2021, Timeshare Exit Team settled a lawsuit that had been filed against it in December 2018 by Wyndham Resorts. Once again, Timeshare Exit Team entered into a confidential settlement agreement. This time, Timeshare Exit Team also agreed to a federal injunction.
The Court’s injunction is a public document. The injunction forbids Timeshare Exit Team from providing any timeshare-exit services to any Wyndham customer who has an outstanding balance on his or her “timeshare mortgage.” The injunction lasts for a period of ten years, and Timeshare Exit Team agreed to pay one thousand dollars per day for each violation that it commits.
After two and one-half years of litigation, Timeshare Exit Team has once again surrendered to a major timeshare developer.
Once again, Timeshare Exit Team is keeping the details secret — from the public and from its own customers.
So far, Timeshare Exit Team has yet to issue a deceptive and dishonest press release about the Wyndham settlement. If history is any guide, the lies and deceptive statements will start soon.
What Is the Plan?
Years have passed since major timeshare developers filed the first of multiple federal lawsuits against Timeshare Exit Team and its founder Brandon Reed. Apparently, Timeshare Exit Team’s strategy remains unchanged — (a) pay millions of dollars in attorney fees, (b) settle the case before trial, (c) accomplish nothing for customers, and (d) conceal the truth.
If you are a Wyndham timeshare owner represented by a lawyer who was paid by Timeshare Exit Team, you should ask that lawyer some hard questions about his or her loyalty.
For example: Did your lawyer know about ongoing settlement negotiations and fail to inform you? If so, why?
If you want to speak with a lawyer who will tell you the truth, click this link. The consultation is free.
This blog post isn’t legal advice.
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