I signed a Contract to Purchase Timeshare agreement back in July. The reseller has a $14xx deposit towards a total purchase price+fees of $21xx. (The entire transaction was estimated to take up to 140-180 days...)
Since that time I've decided that I no longer want to proceed with the purchase. The escrow company says that "the transfer is being prepped to enter the recording stage. Once the deed is ready, it will be sent to the County Clerk in Clark County for recording"
Looking for opinions - what will happen if I do not sign any further documents or send any more money? The purchase contract alludes to 'forfeiting any deposits as damages' but would there be any further legal ramifications?
Has anyone had experience in a transaction like this?
Since that time I've decided that I no longer want to proceed with the purchase. The escrow company says that "the transfer is being prepped to enter the recording stage. Once the deed is ready, it will be sent to the County Clerk in Clark County for recording"
Looking for opinions - what will happen if I do not sign any further documents or send any more money? The purchase contract alludes to 'forfeiting any deposits as damages' but would there be any further legal ramifications?
Has anyone had experience in a transaction like this?