HGVC Rescission letter help (2018)

[topdog]

Congratulations, HGVC is great, and you can buy in for a lot less money.

 

[GT75]

Congratulations, now you can relax. If you would like to pursue purchasing resale, you can come back (take you time) and investigate which TS system would be best for you and your family.

 

[Bailes]

I also want to add we rescinded a HGV contract around the same time, 100% because I read the comments in this forum. So thank you for saving my husband and I a ton of money and anxiety! We followed the directions in the contract and sent certified mail on 2/20/2019 to the provided address. We only had 5 days to rescind as the transaction was done in Nevada.

if you live somewhere other than Nevada and it gives you more time, that state is what you follow. We are in WA, so we had 7 days thank goodness as we sent it on the 5th day.

 

[Ranger01]

I want to add my experience here : Location : Nevada , Las Vegas. I was pushed into buying a 3400 point scheme annually with a total of 19K$. I was in total despair next day. So much remorse that it didn't strike to me to check the contract. I came across this forum 3rd day morning. Sent the rescission letter on 4th day (Fedex) and 5th day (USPS) while I was still on vacation (my vacation got spoiled because of this). They returned my downpayment on 5th day as the fedex reached there on 5th day. So fedex is good guys !!! . Don't have to worry much between fedex and usps. Fedex delivery is sufficient to nullify the contract. What a good feeling of relief !! Cheers.

 

[dayooper]

I want to add my experience here : Location : Nevada , Las Vegas. I was pushed into buying a 3400 point scheme annually with a total of 19K$. I was in total despair next day. So much remorse that it didn't strike to me to check the contract. I came across this forum 3rd day morning. Sent the rescission letter on 4th day (Fedex) and 5th day (USPS) while I was still on vacation (my vacation got spoiled because of this). They returned my downpayment on 5th day as the fedex reached there on 5th day. So fedex is good guys !!! . Don't have to worry much between fedex and usps. Fedex delivery is sufficient to nullify the contract. What a good feeling of relief !! Cheers.

Congrats! You saved $19000 and, if you are still interested, you can buy resale. Excepting their sales department, HGVC treats their customers very well, even resale. It’s a very flexible system with great properties.

 

[Eth03]

if you live somewhere other than Nevada and it gives you more time, that state is what you follow. We are in WA, so we had 7 days thank goodness as we sent it on the 5th day.

I just want to add that I also followed the rescission section in the contract which stated the communication to HGVC (in person or certified mail) needed to be within 5 calendar days. Also the few websites I checked stated the rescission period was usually based on the state where the contract was signed, it still is unverified advice from the internet. In any case, I would follow instructions if there is a rescission section in the contract so there's no chance that HGVC can reject it based on not following the contract.

 

[Talent312]

AFAIK, the TS rescission statute that applies is the one where the sale occurred (the sales office) or where TS is physically located, not where the buyer resides.
.

 

[Jie Lu]

I am so glad I found this site, can someone tell which contact tells I can rescind? I bought yesterday but would like to rescind after I see those resale price. Unfortunately I can’t find the rescind section in my contract. Thanks in advance.

My info: NYC 57th, 3750 every other year, $1800 every other year. $21000

 

[CalGalTraveler]

It should be on your purchase agreement titled "57th Street Vacation Suites Vacation Ownership Interest Purchase Agreement" near the back just before the signature under "Rescission." Write the letter ASAP because you have only 5 - 7 days. Follow all instructions have all buyers sign and mail with tracking and proof of mailing date.

Then sit back and relax and spend some time on TUG to research and to find a nice resale for a fraction of the price.

Congrats on finding TUG in time.

 

[Jie Lu]

Thank you! I found it, do you know what’s the rescission period for NEw York State? Thanks thanks thanks!!

 

[Passepartout]

Thank you! I found it, do you know what’s the rescission period for NEw York State? Thanks thanks thanks!!

The rescission period for New York State is 7 calendar days. So if you signed on a Monday, day one is Tuesday, and your rescission MUST be postmarked (not DELIVERED) by the next Monday. Everyone who signed the contract MUST sign the rescission letter. Include a COPY of the signature page for ID purposes. I does not need to be notarized. Send it USPS Certified and order teturn receipt so you KNOW it's delivered. I can take up to 45 days for the refund to hit your credit card, and they are under no obligation to inform you. HGVC is an honorable outfit- unlike some others- so once it's mailed, you can rest assured that you're off the hook.

Welcome to TUG! Stick around and learn about TS, so the next time you attend a presentation, you'll be informed.

Jim

 

[Jie Lu]

The rescission period for New York State is 7 calendar days. So if you signed on a Monday, day one is Tuesday, and your rescission MUST be postmarked (not DELIVERED) by the next Monday. Everyone who signed the contract MUST sign the rescission letter. Include a COPY of the signature page for ID purposes. I does not need to be notarized. Send it USPS Certified and order teturn receipt so you KNOW it's delivered. I can take up to 45 days for the refund to hit your credit card, and they are under no obligation to inform you. HGVC is an honorable outfit- unlike some others- so once it's mailed, you can rest assured that you're off the hook.

Welcome to TUG! Stick around and learn about TS, so the next time you attend a presentation, you'll be informed.

Jim

Thanks! Mailed and faxed, also called credit card company and gave them a heads up, fingers crossed.

 

[Jie Lu]

I just got confirmation our contract is cancelled, thanks everyone for your help, I am so glad I found this site in time for me to save $$$$. Thanks!!!!!

 

[brp]

I just got confirmation our contract is cancelled, thanks everyone for your help, I am so glad I found this site in time for me to save $$$$. Thanks!!!!!

Excellent news! Now time to become a Member, hang around and learn.

Cheers.

 

[Raphaelas]

Going through a similar thing right now with the HGV Las Palmeras Orlando Resort - just as an added wrinkle, we were provided with both hard copy and soft copy (on a fancy USB credit card thing) documents each of which had a different address to send the rescission letter.

I have sent to both addresses just in case - an extra $50 or so to save thousands......fingers crossed.

 

[GT75]

I have sent to both addresses just in case - an extra $50 or so to save thousands......fingers crossed.

No need to worry, HGV will follow the law.

 

[kashifned]

I had a presentation in Orlando on the 26th and ended buying from Hilton a Gold week at Las Palmeras for $13k with 3400 points alternate year and a 7000 point bonus. Looked like a good deal. Until I got home and did some digging. Thanks to this forum, I figured the rescission process and sent in my letter yesterday. It is supposed to be delivered tomorrow. I hope I some out free and clear.

The HGV club does make a lot of sense though. I am pretty sure I will end up buying on the resale market before the year is out.

Thanks again for this forum and all the posts here.

 

[LannyPC]

The HGV club does make a lot of sense though. I am pretty sure I will end up buying on the resale market before the year is out.

Good for you for finding this forum in time to rescind. I'm not an HGV member but there are other TUGgers here who are and can chime in. However, the big caution we give to people in your shoes is to be patient and not doggedly determined to buy. Take your time. Do your research. Ask questions from other TUGgers about this. There are many who will be happy to answer your questions.

Maybe even try renting once to see if HGV (or any timeshare for that matter) is right for you. As is emphasized to potential buyers here, acquiring a timeshare is easy. Getting rid of it when you no longer want/need it is very difficult.

 

[kashifned]

Should I expect some type of confirmation from HGV that they have received my letter and are working on the cancellation? I have delivery proof from USPS that the letter was delivered on Jan 2nd, but nothing after that and getting a little nervous now.
Is there a way to check with HGV on the status?

 

[dayooper]

Should I expect some type of confirmation from HGV that they have received my letter and are working on the cancellation? I have delivery proof from USPS that the letter was delivered on Jan 2nd, but nothing after that and getting a little nervous now.
Is there a way to check with HGV on the status?

No, there isn’t. They are required by law to rescind, but they don’t have to (and won’t) give you a status update. While the sales people are weasely, the rest of HGVC is very customer oriented. I haven’t heard of a recession done properly that hasn’t been followed through. You will be fine.

Do not call HGVC. They will only try and get you to stop the recession. That will put you past the recession period and you will be stuck with that loan.

 

[Grammarhero]

Should I expect some type of confirmation from HGV that they have received my letter and are working on the cancellation? I have delivery proof from USPS that the letter was delivered on Jan 2nd, but nothing after that and getting a little nervous now.
Is there a way to check with HGV on the status?

You will get your refund within 45 days, likely sooner. They are legally required to process your rescission.

 

[TheTimeTraveler]

You will get your refund within 45 days, likely sooner. They are legally required to process your rescission.

Absolutely correct! I might add that the rescission must have been sent within the required time frame, AND send to the correct address.

Additionally, anyone who signed the original contract needs to sign the rescission paperwork.




.

 

[Micheledesposito]

Going through a similar thing right now with the HGV Las Palmeras Orlando Resort - just as an added wrinkle, we were provided with both hard copy and soft copy (on a fancy USB credit card thing) documents each of which had a different address to send the rescission letter.

I have sent to both addresses just in case - an extra $50 or so to save thousands......fingers crossed.

Hi, I have purchased the same contract at the HGV Las Palmeras Orlando Resort. Unfortunately I left my copy of the contract at the Hotel when we checked out and now I don’t have the address to send the letter to.
Do you still have the address of their actual office?
Thank you

 

[kashifned]

Yes. For my contract, i had the following:

Contract Services - Rescission,
c/o Hilton Resorts Corporation
Attn: Jari Alvarez
6355 MetroWest Blvd., Suite 180,
Orlando, FL. 32835

 

[Grammarhero]

Hi, I have purchased the same contract at the HGV Las Palmeras Orlando Resort. Unfortunately I left my copy of the contract at the Hotel when we checked out and now I don’t have the address to send the letter to.
Do you still have the address of their actual office?
Thank you

Congrats on rescinding. Mind sharing how much you’d save with rescission?