donymo
TUG Member
I just got an email from Wyndham that my rescind process is complete and that all my money will be refunded.
I just want to share my story here and to thank the TUG community for saving my a$$!
Last Thursday, April 27, we attended a Club Wyndham presentation at Bonnet Creek, Orlando. We knew NOTHING about the program in advance and did not bother to research it since our intention was to say "no" and collect our theme park tickets and leave after 90 minutes. Oh well...you probably can guess what happened next! We really liked what we heard about the Wyndham points system and their funky math made sense enough to us and we could afford it (our "deal" was 126k CWA for $22,000). Before we decided, we went out by the pool to talk about it away from the sales staff and we ran into a lady who inherited 1 million points with Platinum VIP status (nice!). She said that the resorts were very nice and they loved it. Of course, she did not pay the several hundred thousand dollars that the developer would have charged for that! But our question for her was more about the experience - were the resorts nice and did the program work as described. We did not ask about resales vs developer because that concept was unknown to us - we didn't even think about that angle. So, we went back in and signed up and put $20K on PayPal credit and the balance on a credit card. We walked away happy and excited about joining Wyndham and the future vacations we would be taking. Fast forward two nights to Saturday and I woke up at 3am and couldn't sleep. My mind was racing with the thought of "did I make a mistake spending so much money". I opened my laptop and starting searching and found TUG - oh...my...god...thank you thank you! I devoured all the info I could for 3 hours (and I subscribed to the TUG website) and when my wife woke up the first thing I said was: we're rescinding! She was relieved too...she had been thinking a lot about whether we did the right thing by signing up with the developer. We got home Monday morning and the very first thing I did was create a rescind letter (from the template we found here on TUG) and added a copy of the first page of our contract and also the rescind page of the contract and mailed it via USPS certified mail with return receipt. Wyndham provided two addresses, both in Vegas, so we mailed a certified letter to both addresses just in case. On Friday I called them and got a person from Owner Services on the line after a 30+ minute wait. She confirmed that they received it on Wednesday and that the rescission was in progress. In the mail on Friday I received my return receipt from the certified letter. On Monday, exactly one week after we sent the certified mail, we received an email from Wyndham stating the rescission was complete and that all our monies would be refunded.
I am now in the process of obtaining a resale contract. It’s an eBay deal and I’m not 100% sure it will go through since the seller has not been very responsive. We’ll see. But, to compare, from the developer I paid $174 per thousand points and my eBay deal was about $1.40 per thousand!
Thanks again to all you wonderful TUGgers that have provided so much valuable information and saved us a small fortune!
Don
I just want to share my story here and to thank the TUG community for saving my a$$!
Last Thursday, April 27, we attended a Club Wyndham presentation at Bonnet Creek, Orlando. We knew NOTHING about the program in advance and did not bother to research it since our intention was to say "no" and collect our theme park tickets and leave after 90 minutes. Oh well...you probably can guess what happened next! We really liked what we heard about the Wyndham points system and their funky math made sense enough to us and we could afford it (our "deal" was 126k CWA for $22,000). Before we decided, we went out by the pool to talk about it away from the sales staff and we ran into a lady who inherited 1 million points with Platinum VIP status (nice!). She said that the resorts were very nice and they loved it. Of course, she did not pay the several hundred thousand dollars that the developer would have charged for that! But our question for her was more about the experience - were the resorts nice and did the program work as described. We did not ask about resales vs developer because that concept was unknown to us - we didn't even think about that angle. So, we went back in and signed up and put $20K on PayPal credit and the balance on a credit card. We walked away happy and excited about joining Wyndham and the future vacations we would be taking. Fast forward two nights to Saturday and I woke up at 3am and couldn't sleep. My mind was racing with the thought of "did I make a mistake spending so much money". I opened my laptop and starting searching and found TUG - oh...my...god...thank you thank you! I devoured all the info I could for 3 hours (and I subscribed to the TUG website) and when my wife woke up the first thing I said was: we're rescinding! She was relieved too...she had been thinking a lot about whether we did the right thing by signing up with the developer. We got home Monday morning and the very first thing I did was create a rescind letter (from the template we found here on TUG) and added a copy of the first page of our contract and also the rescind page of the contract and mailed it via USPS certified mail with return receipt. Wyndham provided two addresses, both in Vegas, so we mailed a certified letter to both addresses just in case. On Friday I called them and got a person from Owner Services on the line after a 30+ minute wait. She confirmed that they received it on Wednesday and that the rescission was in progress. In the mail on Friday I received my return receipt from the certified letter. On Monday, exactly one week after we sent the certified mail, we received an email from Wyndham stating the rescission was complete and that all our monies would be refunded.
I am now in the process of obtaining a resale contract. It’s an eBay deal and I’m not 100% sure it will go through since the seller has not been very responsive. We’ll see. But, to compare, from the developer I paid $174 per thousand points and my eBay deal was about $1.40 per thousand!
Thanks again to all you wonderful TUGgers that have provided so much valuable information and saved us a small fortune!
Don