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Help!!! Rescinding the contract.

Discussion in 'New to Timesharing? Look Here!' started by Ritche, Oct 3, 2018.

  1. Ritche

    Ritche Guest

    Joined:
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    Resorts Owned:
    HGV
    Hello,

    Can I get help understanding how to rescind the contract? Does it mean just write a letter to cancel and fax or mail to

    Hilton Grand Vacations, Attn: Contract Services- Rescission, 142 West 57th Street, 2nd Floor, New York, New York
    10019, or via fax at 212-582-2847

    "RESCISSION. If the State where the solicitation to purchase a timeshare interest occurred offers a rescission period greater than the
    State where the purchase is consummated, then the longer period shall apply. Any notice or demand, which is required or permitted
    under the terms of this Agreement, or under any statue to be given to Seller, shall be sufficient for all purposes if given in writing by mail
    addressed to Hilton Grand Vacations, Attn: Contract Services- Rescission, 142 West 57th Street, 2nd Floor, New York, New York
    10019, or via fax at 212-582-2847. In the event Seller or Purchaser rescinds this Agreement as described on the signature page, all funds
    paid will be refunded to Purchasers within thirty (30) days after receipt of notice of cancellation provided Purchaser has properly
    cancelled within the rescission period as set forth herein. In the event Purchaser cancels this Agreement during the cancellation period,
    Seller will refund to the Purchaser the total amount of all payments made by the Purchaser under the Agreement. Any note or other
    negotiable debt instrument executed by a New York purchaser in connection with financing provided by the Seller shall be destroyed or
    returned to the purchaser within thirty (30) days after the Seller receives notice of cancellation

    PURCHASER MAY CANCEL THIS CONTRACT AT WILL AND WITHOUT EXPLANATION WITHIN SEVEN (7)
    BUSINESS DAYS AFTER PURCHASER SIGNS IT, IN WHICH EVENT PURCHASER WILL RECEIVE A FULL REFUND.
    SEE PAGE 1 OF THE OFFERING PLAN "



    Thanks,
    -Ritche
     
    TUGBrian likes this.
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Location:
    Twin Falls, Eye-Duh-Hoe
    That's what it means. You have 7 days to get it sent. We suggest USPS Certified mail w/return receipt, so you have proof of delivery. Make it a simple letter, and all that signed the contract MUST sign the rescission letter. We suggest including a COPY of the signature page of the contract for ID purposes.

    You will be returned any money you put down and the contract will be cancelled, just like it never happened.

    Jim
     
    TUGBrian likes this.
  3. Ritche

    Ritche Guest

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    Hello,

    I faxed it in and I will Mail it today. Thanks for your help.
     
    TUGBrian and Panina like this.
  4. Panina

    Panina TUG Review Crew: Expert TUG Member

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    Resorts Owned:
    Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Indian River, Hgvc Anderson, Sunrise Bay & Club, Chetola, Gulf Tides, Jade Tree Cove, Banyan Resort, Blue Ridge Village
    Hi, welcome to Tug. It’s great that you found tug in time to rescind. Hgvc is a wonderful system. Here on tug you can learn everything you need to know to make an informed decision on what will work for you and how you can get it for much less on the resale market. Also consider becoming a full member of Tug. It will be the best $15 you ever spent.
     
    TUGBrian likes this.
  5. TUGBrian

    TUGBrian Administrator

    Joined:
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    congrats, you just saved thousands of dollars! its a great feeling!
     

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