Rescind in process- Have questions???

[juni21]

Just sat through an HGVC presentation and made a purchase for $18,990 for 4200 points at an affiliated resort.

The next day I did my research and ran into this website. Needless to say I submitted my cancellation today. I have not heard back from them yet.

I want to thank TUG BBS and all of your wonderful posts for saving me from a huge mistake. My wife and I are very interested in the HGVC cause of its flexibility with the point system, RCI, and last minute deals but want the best deal possible for the timeshare. I have some questions.

How important is a home location? Does it matter if we purchase a timeshare at a location we are probably never going to vacation at if we plan on using points to exchange to other destinations?

HGVC Flamingo seems to be very popular for resales. Looks like you can get points for about $1/ point, Compared to like HHV for about $2/ point. If points are what matters then would I not want to maximize the point for the money or am I missing something?

A little confused please help.
Thanks!

 

[theo]

Got rescission...?

Needless to say I submitted my cancellation today. I have not heard back from them yet.

I have insufficient knowledge of HGVC to even comment. I am actually responding at all only to ask / remind if you followed the contract rescission instructions precisely and to the letter?

If those cancellation instructions specified use of certified mail, to be sent to a specific address, then sending by regular mail, or to a different address doesn't cut it. Nor does use of e-mail, FedEx, UPS, or carrier pigeon in place of the avenue specifically identified and required.

Just want to make sure that you have cancelled legally correctly and appropriately. The state law rescission clock started ticking the moment you signed the contract. It keeps right on ticking (3-10 days, generally, depending on the state), even if you didn't follow the instructions.

Just want to make sure you've closed that door properly...

 

[m61376]

Why don't you ask your specific questions on the HGVC forum? People there will be able to give you answers, and reading through old posts will give you a bit of an education as well.

Welcome to Tug

 

[Bill4728]

Read the HGVC overview link then if you have more questions ask them on the HGVC board.

 

[juni21]

Thank you all for the great advice- i will do more research on this site.