Hey all,
I recently attended a timeshare presentation (HGVC). Foolish me decided to say yes and purchase it. Immediately I was met with buyer's remorse and I frantically did some searching and discovered several of the stories here. I am relieved to find out that I'm within my rights to rescind and I dropped a letter off that night. I also wrote another rescission letter and sent it certified mail as my first one was in haste and just a quick drop off at the mailbox.
I'm refreshing my USPS tracking every hour just hoping for some kind of update to the tracking status, but reading all the stories here makes me feel hopeful that I am going to get my money back and I'll be happily adding my story to the running scoreboard. A couple of quick questions to all of you to ease my paranoia:
1) I signed on the 6th, dropped the first letter off on Sunday the 7th, and the better letter via certified mail on Monday the 8th. The estimated date of arrival is Thursday the 11th for the second letter, which is the last of my five days to initiate a rescission per Nevada (where the TS is). This should all be fine and okay, correct? I keep thinking of overnighting another letter just to ensure it arrives but I think that's just me being paranoid. I included in both letters verbiage regarding "I hereby revoke my contract or agreement with [Developer]". In the second letter, I included verbiage regarding the cancellation of my financing which was absent in the first. Both letters include my contract number and the statement to refund my specific payment amount on my credit card and not to charge anything else to it. I requested a written response in both.
2) I have proof that I sent the letter via certified mail and return receipt request, does anyone have any experience with what happens if they don't receive my letter? Like if it were to be lost in the mail or something? I know, I'm being paranoid, but I really want to be out of this whole debacle.
3) I contacted the selling agent and told her I would be rescinding, I believe she fed me some misleading information ("you have five business days to cancel"). I just wanted to mention this, I'm still abiding by the contract with regards to rescinding.
As I said, I hope I'm another success story to add to the leaderboard here. I acted within my legal time period and everyone seems to think that HGVC is actually pretty good about handling rescissions, so I feel pretty good that the outcome is going to be what I want and I'm very thankful for that. Thank you all so much for the information here and looking out for foolish individuals like myself. I'll update the thread once I have more information and I look forward to everyone's comments. Thanks again!
I recently attended a timeshare presentation (HGVC). Foolish me decided to say yes and purchase it. Immediately I was met with buyer's remorse and I frantically did some searching and discovered several of the stories here. I am relieved to find out that I'm within my rights to rescind and I dropped a letter off that night. I also wrote another rescission letter and sent it certified mail as my first one was in haste and just a quick drop off at the mailbox.
I'm refreshing my USPS tracking every hour just hoping for some kind of update to the tracking status, but reading all the stories here makes me feel hopeful that I am going to get my money back and I'll be happily adding my story to the running scoreboard. A couple of quick questions to all of you to ease my paranoia:
1) I signed on the 6th, dropped the first letter off on Sunday the 7th, and the better letter via certified mail on Monday the 8th. The estimated date of arrival is Thursday the 11th for the second letter, which is the last of my five days to initiate a rescission per Nevada (where the TS is). This should all be fine and okay, correct? I keep thinking of overnighting another letter just to ensure it arrives but I think that's just me being paranoid. I included in both letters verbiage regarding "I hereby revoke my contract or agreement with [Developer]". In the second letter, I included verbiage regarding the cancellation of my financing which was absent in the first. Both letters include my contract number and the statement to refund my specific payment amount on my credit card and not to charge anything else to it. I requested a written response in both.
2) I have proof that I sent the letter via certified mail and return receipt request, does anyone have any experience with what happens if they don't receive my letter? Like if it were to be lost in the mail or something? I know, I'm being paranoid, but I really want to be out of this whole debacle.
3) I contacted the selling agent and told her I would be rescinding, I believe she fed me some misleading information ("you have five business days to cancel"). I just wanted to mention this, I'm still abiding by the contract with regards to rescinding.
As I said, I hope I'm another success story to add to the leaderboard here. I acted within my legal time period and everyone seems to think that HGVC is actually pretty good about handling rescissions, so I feel pretty good that the outcome is going to be what I want and I'm very thankful for that. Thank you all so much for the information here and looking out for foolish individuals like myself. I'll update the thread once I have more information and I look forward to everyone's comments. Thanks again!