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Rescission period calculation

Discussion in 'New to Timesharing? Look Here!' started by Watson524, Oct 11, 2018.

  1. Watson524

    Watson524 Guest

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    Hi all,

    We goofed and bought in the HGVC today from the developer and NOW I've come here (wrong order) and have learned I should rescind (research better, very unlike me not to!) and buy through resale.

    My question is how so they calculate the rescission period? So we contractual have 5 days Today is Thursday. Does that mean certified letter in the mail no later then Monday? Does Thursday count as day 1? Do weekends count? I feel Monday is the safest bet (we aren't home until Sunday) to if need be I can get to a business center to print a letter tomorrow I would think

    Thanks!!
     
    TUGBrian likes this.
  2. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    It depends on the state where you signed the contract..Just Google 'timeshare rescission Florida' or Nevada, wherever it was. In any event, day 1 is tomorrow (Friday) and usually it's calendar days. Weekends count unless the final day is a holiday or Sunday.

    Jim
     
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  3. Passepartout

    Passepartout TUG Review Crew: Veteran TUG Member

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    You can hand write a simple letter if it will help you sleep. Just be sure whoever signed the contract signs the rescission letter. We suggest sending a COPY of the contracts signature page for ID purposes and send it USPS Certified. Keep the receipt.
     
  4. TUGBrian

    TUGBrian Administrator

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  5. vacationtime1

    vacationtime1 TUG Member

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    Don't mess around with counting days; send in your rescission TODAY.

    You will then better enjoy the remainder of your vacation.
     
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  6. Watson524

    Watson524 Guest

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    Thanks for the advice. It's 5 days since it's south Carolina but I'm typing up a quick letter to print at the business center so we can send after breakfast and be done with it. Then I'll be back with a lot more questions after reading the stickies and such.we got 22k bonus points which I know we don't get buying resale and seems like a hit but...
     
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  7. dayooper

    dayooper TUG Member

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    Bonus points aren't that big of a deal. Sure they are nice, but they really don't amount to that much compared to what you would be spending on the retail purchase. Someone has a valuation on how many dollars each point is worth and it's not much.

    As an FYI - HGVC is a great system and they treat their members very well, even resale buyers. Except for earning elite status, resale buyers have the same rights and privileges as retail buyers do. It's very flexible and, with all of the new resorts going in, there's many options for you to choose from. Check out Tug's HGVC forum, lot's of great info there: https://tugbbs.com/forums/index.php?forums/hilton-grand-vacations-club-hgvc.52/
     
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  8. Watson524

    Watson524 Guest

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    Thanks I will check it out. The rescission letter is now in the mail, certified, return receipt requested
     
    Last edited: Oct 12, 2018
  9. Jan M.

    Jan M. TUG Member

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    Just to clarify, it doesn't matter where you live. What matters is where you were at when you made the purchase. The recession period for that State is what you must go by.
     
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  10. Watson524

    Watson524 Guest

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    Got mail confirmation they got the rescission letter on Monday so all good there. Yesterday I got a text from the sales agent saying she heard "y'all had some questions/concerns with the program and were perhaps not going to follow through with ownership, was it something I/we did?"

    Now normally I'd just flat out ignore it but the fact she/they think we have questions/concerns makes me worried they'll drag out the refund if I don't reply and say nope just rescinding the offer. Or is it just a ploy to get me to contact them? My letter to them left no doubt it was a done deal
     
  11. LannyPC

    LannyPC TUG Member

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    It was probably just a ploy to get you to contact them. They see their commission fading away and are trying to salvage the sale. If you contact them (which is not recommended) what they will try to do is offer you a sweetened deal such as bonus points or the like. Or, they might use scare tactics saying that you will face serious legal or financial consequences if you rescind (which you won't).
     
  12. Watson524

    Watson524 Guest

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    Yeah scare tactics with me is just funny. I can go from zero to raving bit&h in about 2 minutes if I think they're trying to push me around.

    I won't contact her. What's usually the time period to see a refund to a credit card? 30 days?
     
  13. dayooper

    dayooper TUG Member

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    Yup, they want another chance at you. I wouldn’t contact them if I were you. It may take up to 45 days for the recession to finish. There are pretty big consequences if they don’t complete it by a required amount of time.
     
  14. Watson524

    Watson524 Guest

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    Thank heavens for caller ID. Got a call today from Hilton Head SC area which I assume was them.... no message left :)
     

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