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Rescind my Timeshare

Discussion in 'Hilton Grand Vacations Club / HGVC' started by Sree, May 4, 2018.

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  1. Sree

    Sree Guest

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    Hi i have brought a timeshare at Hilton Grand Vacations Tuscany, Orlando during my stay at Elara in Vegas on 04/28/2018. I want to rescind my purchase now. Did i pass my rescission period already. Which state rescission laws apply to me? Orlando or Nevada? Please help me as i want to get out of it.
     
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    In Florida (where you bought) it's 10 days. So you may want to get the letter in the mail ASAP. You'll sleep better.
     
  3. Sree

    Sree Guest

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    Thank you..And is it 10 business days?Even though i will do it right away
     
  4. DeniseM

    DeniseM Moderator

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    No - it's 10 calendar days.

    But it appears that you bought it in Nevada, so Nevada law applies.
     
  5. Sree

    Sree Guest

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    Got it..i better do it right away. Thank you so much!
     
  6. Sree

    Sree Guest

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    Is Nevada 10 days??
     
  7. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    I think it's 10 calendar days. But you can google it as well as I can. Why push it? There are sample rescission letters all over TUG, just be sure all signers of the contract sign the rescission letter. Send it Certified w/return receipt.

    Glad you found TUG.

    Jim
     
  8. DeniseM

    DeniseM Moderator

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    Nevada is 5 days.
     
  9. Sree

    Sree Guest

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    I am Kinda Confused now.. Is it Nevada or Florida?
     
  10. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    OOPS! My BAD!!! I read Orlando, but you bought in Nevada! That's not good!
    Here:
    Right to Cancel a Timeshare Purchase in Nevada
    In Nevada, you may cancel, by written notice, the contract of sale for a timeshare purchase up until midnight of the fifth calendar day following the date you signed the contract (Nev. Rev. Stat. § 119A.410(1)). The contract of sale must include a statement of the right to cancel.
     
  11. DeniseM

    DeniseM Moderator

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    Your right to rescind is based on the state where you sign the contract - not where the resort is located.
     
  12. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    You have until midnight of the 5th day after signing the contract. That's yesterday by my math. Better get moving!
     
  13. Sree

    Sree Guest

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    DAMN! i might need to read over the contract to find the rescission time to be sure.
     
  14. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    I don't think you have time. You might just be a brand new timeshare owner. Our experience is that HGVC is not as hard nosed as some other TS companies, but facts are facts- you're beyond the legally required rescission date in Nevada.
     
  15. Sree

    Sree Guest

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    In the scenario that i passed my rescission date...what would be my options here? i took a monthly finance option and paid a initial deposit of 2k on a property of 19k.
     
  16. Sree

    Sree Guest

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    How can i get out of this with minimum damage??
     
  17. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    If it was me- I'd get the rescission letter out TODAY- FAX if that's allowed. FED-EX if you have to. Smoke signals. Prayers. Even if it's late, they might process it. But with full knowledge that you may be an owner of the contract that you signed.
     
  18. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    Sree, Since you first asked the question at 4:00 p.m. Las Vegas time on the 6th day after signing the contract, there isn't much that can be done.
     
  19. GT75

    GT75 Moderator

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    Before you go down that road, I would advise that you get a certified rescission letter in the mail today. HGVC might honor it. Just make sure that you get all parties on the original contract sign it. Follow the instructions in your package.
     
  20. Sree

    Sree Guest

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    Yes, i am the only one on the contract
     
  21. Sree

    Sree Guest

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    What is ceritified rescission letter? Is it any different than the sample ones online?
     
  22. GT75

    GT75 Moderator

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    Sorry, certified mail or certified receipt.
     
  23. Jason245

    Jason245 TUG Review Crew: Veteran TUG Member

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    You might still win on 10 day rule because the property is located in florida and as such might be subject to Florida law (as well as Nevada law).

    Hgvc is also headquartered in florida. I would read the contract for cancelation terms and coditions and try to comply. . Then if worse comes to worse and they reject you because of Nevada law, you can try to sue to get out in florida. .

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  24. Sree

    Sree Guest

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    Hi everyone.. I just went through my Rescission rights in the package i received. It clearly says "..you must notify the developer in writing of your intent to cancel within seven calendar days of receipt of the public report or the date you sign the purchase contract.."
     
  25. Sree

    Sree Guest

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    I found a letter that says
    "STATE OF CALIFORNIA DEPARTMENT OF REAL ESTATE SUBDIVISONS
    RESCISSION RIGHTS(Time Share) "
    I am resident of california..and What all do i need to enclose in this certified mail?
     

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