Welk Rescission
Hi group, just wanted to post a similar experience as well. After jumping the gun on a purchase last Sunday, me and my wife realized that the costs outweighed the benefits, especially after reading the forums. I respect that it is the salesperson's job to generate revenue in order to support him\herself, but not at the expense of a family or couple who do not know what exactly they are getting into.
Anyways, after reading these forums, then reading the public notice buried in the booklet of paperwork, consulting the Federal Trade Commission Website, the State of California, and a couple of my real estate attorney friends, you are entitled to rescind and cancel the time share purchase with no obligation or penalty AND full entitlement to a refund towards all monies put towards the deposit of the time share program.
In my Welk packet, it says you can fax or send mail to the specific address indicated in the documentation by the resort. Just to be absolutely certain, I compared and confirmed the mailing address information found in the rescission rights form that has to be, by law, affixed to the front of the public record that they have to give you. I faxed and sent them, via certified mail, our right to cancel within the rescission period.
I haven't received a call from them yet but I am sure it will soon come, as I have heard with other individuals. Once the chaos is over I plan to do a write up of my experience and include any pertinent information to help others who may one day find themselves in a similar situation. Thanks and I'm glad I found this board!