What is a timeshare owenr's legal recourse regarding a development that has gone bust?

Question Details:

We are owners in a time share in NJ. The property, originally planned to be a resort, has instead been left to degrade and become a blight in the community - unmaintained, unsanitary, and little ownership value. What are the options for filing a class action lawsuit on behalf of the timeshare owners? And what is the likelihood of success of a class action to reclaim part of the cost of purchasing this timeshare property? Are there any real estate lawyers in NJ who do this type of legal service? In Passaic County, NJ.

Answered 5 years ago| Contributor
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