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  1. Unlikely Prospect

    Unlikely Prospect Guest

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    So, like others I'm sure, my wife and I bought into this timeshare thing in Myrtle Beach yesterday. Seemed like an ideal solution to "forcing" us to spend more time on vacation as a family, lol. Now, thankfully, I found this website after some research and am second guessing our purchase. My issue is.....we never received a copy of the contract! I can find the contract number but nothing in any of the paperwork, nor flash drive documents, has anything about how to rescind the contract. I did research the SC state statute concerning timeshares and it states we have 5 days to cancel....but what do I do? Aren't they "obligated" to give us a copy of the contract? Do I just use the contract number, write up something (what to say exactly), get my wife and i both to sign, and then send certified mail ASAP?

    Any help you can give is much appreciated....thanks in advance!
     
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

    Joined:
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    It might help to know what system you bought into. But absent that, a simple 'I/We wish to cancel the purchase of contract #______________ Dated___-____-__ Refund all money put down,
    Signed ________Husband ________________Wife
    It needn't be more complex than that. Send it USPS Certified w/return receipt so you get tracking to know when it's delivered.

    Jim
     
    silentg, Beach57 and Free2Roam like this.
  3. easyrider

    easyrider TUG Review Crew: Expert TUG Member

    Joined:
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    Location:
    Palm Springs of Washinton
    Resorts Owned:
    Worldmark * * Villa Del Palmar UVCI * * Vacation Internationale*
    You can find a template to a rescission letter and just keep it simple. Definity write you are cancelling in the letter and on the top header. Some people don't make it clear that they wish to cancel. Do what Jim said above.

    Bill
     
    Last edited: Aug 7, 2019
    silentg likes this.
  4. CPNY

    CPNY TUG Member

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    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
    Rescind then update us on the price so it can be added to how much tug has saved overs over the years. Remember, owning isn’t a bad thing, paying full price is :)

    What network did you buy? Buy resale! MVC, HGVC, HRC, and Vistana are all great programs. Learn the programs before buying in.
     
    silentg and Grammarhero like this.
  5. CPNY

    CPNY TUG Member

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    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
  6. Free2Roam

    Free2Roam TUG Member

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    Location:
    Maryland
    Resorts Owned:
    Club Wyndham, Bluegreen, a handful of East Coast beach resorts
    Just to clarify... make sure the letter is signed by both you AND the wife.
     
    easyrider likes this.
  7. Unlikely Prospect

    Unlikely Prospect Guest

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    Thank you all! It was a Wyndham timeshare but not under any specific resort I don't believe. The plan was for 126,000 points for $19,500. Typing up the letter now! Thanks again!
     
    silentg and easyrider like this.
  8. jpc763

    jpc763 TUG Member

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    Location:
    Fort Collins, CO
    Resorts Owned:
    Marriott's - Ko Olina, Shadow Ridge Villages & Imperial Palms Villas
    So a quick view on Redweek and there is a 126,000 contract on there for $500!

    Consider joining TUG for $15 and be ready to learn!
     
  9. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Wait until the smoke clears and you have your money safely in your own accounts, then if you are still interested in TS, I think that 126,000 is a minimal package. Good for 5 nights or a weekend in a middling resort. You might set your sights a little higher. The annual maintenance will be higher, but if your aim is for a full week in prime season, or maybe a couple of 4 nighters in nice places, you'll be happier.

    Jim
     
  10. CPNY

    CPNY TUG Member

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    Resorts Owned:
    Harborside Resort at Atlantis
    SVV - Key West
    SVV - Bella
    Timesharenation was trying to give me like 300K Wyndham points for free with free closing. You can find a ton of free timeshares. Hell, I paid someone an incentive to take mine over
     
    Grammarhero likes this.
  11. Unlikely Prospect

    Unlikely Prospect Guest

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    Thanks again! Letter was sent certified mail w/return receipt today.....so hopefully everything will be rescinded! How long does it take before you know something....would there be any possibilities of them negating the rescission letter even if their instructions were followed to the letter? Definitely glad I found this site and information....a moment of weakness, especially when they gifted us an extra 174,000 points to take our young kids to their first trip to Disney! Now, I definitely need to do some research and find a resale(?) to be able to take them there.
     
  12. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

    Joined:
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    They are under state law to process your timely rescission letter, however they are not required to notify you of the progress of it. We know it's stressful, but just take solace that you won! You beat 'em! Just watch your credit card account for a refund. It can take up to 45 days depending on the billing cycle, but it'll probably be faster.

    Congratulations. Now go celebrate!

    Jim
     
  13. Unlikely Prospect

    Unlikely Prospect Guest

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    ......breathes a breath of fresh air lol...Thanks Jim!
     
  14. jpc763

    jpc763 TUG Member

    Joined:
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    Location:
    Fort Collins, CO
    Resorts Owned:
    Marriott's - Ko Olina, Shadow Ridge Villages & Imperial Palms Villas
    You can easily rent a place for minimal $$$ at Disney. I recommend you try that before buying anything to get a feel for the different timeshare brands. I own Marriott there and there are 7 different Marriott's there and each one is different from the next! Just about every other brand has a presence there as well so there is a LOT of inventory.
     

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