• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

MVCI Rescind

Dhawthorne15

TUG Member
Joined
Jul 5, 2014
Messages
41
Reaction score
2
Points
118
As I did my first MVCI recession a little over a week ago, do they send out a letter or acknowledgment of recession or just unwind the deal? It seems like the destination points no longer appear in my owner account but I'm curious if there's a letter or something that will follow.
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
47,355
Reaction score
18,925
Points
1,299
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
As I did my first MVCI recession a little over a week ago, do they send out a letter or acknowledgment of recession or just unwind the deal? It seems like the destination points no longer appear in my owner account but I'm curious if there's a letter or something that will follow.
You probably won't see anything from them except the refund. No letter of "congratulations" or anything like it :)
 

dioxide45

TUG Review Crew: Expert
TUG Member
Joined
May 20, 2006
Messages
47,355
Reaction score
18,925
Points
1,299
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
I was so looking forward to a phone call from them asking why
They might try to call to convince you as to the great deal you got and pull your rescission. That would however be the sales office and not the person actually processing the rescission.
 

Dhawthorne15

TUG Member
Joined
Jul 5, 2014
Messages
41
Reaction score
2
Points
118
They might try to call to convince you as to the great deal you got and pull your rescission. That would however be the sales office and not the person actually processing the rescission.
My wife told me today the refund hit our account so I think they officially gave up. The look on the sales managers face when I started asking questions that I was pulling from this forum was priceless
 

TheTimeTraveler

TUG Member
Joined
Jan 23, 2008
Messages
5,952
Reaction score
2,857
Points
648
Location
Florida
My wife told me today the refund hit our account so I think they officially gave up. The look on the sales managers face when I started asking questions that I was pulling from this forum was priceless


Guess TUG and this Forum has paid off for you :cheer:


Now it's time for you to sign up as a TUG Member. Click on the "Support TUG" blue line above and then click on "Join TUG".



.
 

billymach4

TUG Member
Joined
Oct 20, 2006
Messages
3,824
Reaction score
1,421
Points
548
Location
Everywhere
As I did my first MVCI recession a little over a week ago, do they send out a letter or acknowledgment of recession or just unwind the deal? It seems like the destination points no longer appear in my owner account but I'm curious if there's a letter or something that will follow.
Great! Glad you rescinded and got your money back.

Most people find Tug after the fact? But I notice you have been around since 2014?
You must have known what you were getting into?
Did you just feel overwhelmed at the presentation?
 

Dhawthorne15

TUG Member
Joined
Jul 5, 2014
Messages
41
Reaction score
2
Points
118
Great! Glad you rescinded and got your money back.

Most people find Tug after the fact? But I notice you have been around since 2014?
You must have known what you were getting into?
Did you just feel overwhelmed at the presentation?
It was a time killer basically :). My wife said that was her last time going with me to a presentation so I guess no more playing with sales people.
 

billymach4

TUG Member
Joined
Oct 20, 2006
Messages
3,824
Reaction score
1,421
Points
548
Location
Everywhere
It was a time killer basically :). My wife said that was her last time going with me to a presentation so I guess no more playing with sales people.
Yeah were over it for sure. No more freebie BS talk for us. We are cured!
 

Mr. Vker

Guest
Joined
Jul 25, 2008
Messages
1,682
Reaction score
226
Points
373
Location
Baltimore, MD
I t

I don’t have the paperwork in front of me but seems like it was $13.66 per point.
$13.66 was the offer we got at Lakeshore Reserve last week. We passed.
 

Grammarhero

Official TUGBBS Rescission Master
TUG Lifetime Member
Joined
Jun 9, 2019
Messages
3,086
Reaction score
2,486
Points
399
Location
Washington, DC Area
Resorts Owned
Wyndham Grand Desert 77k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HGVC South Bend 1/1
As I did my first MVCI recession a little over a week ago, do they send out a letter or acknowledgment of recession or just unwind the deal? It seems like the destination points no longer appear in my owner account but I'm curious if there's a letter or something that will follow.

@Dhawthorne15
We hope your rescission and refund went well. Solely to track TUG rescissions savings, mind sharing the purchase price of your TS? As half of tuggers initially bought developer TS, there is no shame.
 

Dhawthorne15

TUG Member
Joined
Jul 5, 2014
Messages
41
Reaction score
2
Points
118
@Dhawthorne15
We hope your rescission and refund went well. Solely to track TUG rescissions savings, mind sharing the purchase price of your TS? As half of tuggers initially bought developer TS, there is no shame.
$13.66 per point for 1,000 points but they also wanted me to surrender my gold deeded week.
 

Grammarhero

Official TUGBBS Rescission Master
TUG Lifetime Member
Joined
Jun 9, 2019
Messages
3,086
Reaction score
2,486
Points
399
Location
Washington, DC Area
Resorts Owned
Wyndham Grand Desert 77k, VV Williamsburg 4L/4 & 2/2
Former: Wyndham 276k, HGVC South Bend 1/1
Top