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Rescinding (12 cancellations in 1 thread!)

"They are required to honor the rescission. They are NOT required to keep you informed."

I was starting to think something is up. It would help me relax a little bit if i knew it has started, but like you said the law is on my side.

And for the money saving counters I was a BG buyer, saved $10,000 :banana:

Thank you!!
 
3rd is the charm

TUGBrian said:
Two rescission in one thread! can we get a 3rd? =)
Click to expand...

#3
Same exact situation as TimeToRun, went in convinced not to sign but to listen, and came out part of the "family" and thinking we did okay. Still think we could make it work, but now see there are so many other options to study. We sent in our rescind letter just today. Sent certified letters to both Wyndham addresses, signed by both of us and added copy of the contract as reference as per advice of RonParise and others in the exceptional threads here.
Hit the PayPal membership option and when I learn to link my guest account to it... doesn't matter really, best $15 bucks spent all day. could possibly have been 15K plus. Thanks to all the contributors, for sharing your hard earned advice!
 
croaker said:
#3
[/S]We sent in our rescind letter just today. Sent certified letters to both Wyndham addresses, signed by both of us and added copy of the contract as reference as per advice of RonParise and others in the exceptional threads here.
Hit the PayPal membership option and when I learn to link my guest account to it... doesn't matter really, best $15 bucks spent all day. could possibly have been 15K plus.
Click to expand...


Yay!!!:clap::clap::clap::clap::clap::clap::clap:

You made our day!

Jim
 
kimhill22 said:
Can anyone tell me how to get out of a times:crash:hare from Westgate Vacation Villas?
Click to expand...

If it's within the legally required rescission (cooling off) period, just write a letter like the others in this thread have done. After than, and barring your ability to prove fraud, you'll have to find a buyer. It's Real Estate. Unfortunately, Wastegate has made it extremely difficult for a resale buyer to use, so they are worth less than nothing- and to make maters worse, in order to even pay someone to take it, it has to be paid off.

If you are beyond the rescission period, you best learn how to use it.

We wish you well. Welcome to TUG.

Jim
 
ha...fan-freaking-tastic! 3for1!
 
truth be told I was a dummy and didn't call my dad. He was not happy with me when I told him what we had done lol He knew of this forum already and had bought his points resale. (I didn't know it was common and easy!)

My bad!
 
No laughing matter...

RebelGal said:
<snip> He was not happy with me when I told him what we had done lol ...<snip>
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I'm glad that you have rescinded, but rest assured that there is certainly nothing to "lol" about when it comes to an outrageously expensive developer timeshare purchase. Had you failed to rescind, the only "lol" going on here would be the "lol" of the sales weasels who initially (if only temporarily) hoodwinked you in the first place. :rolleyes:
 
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RebelGal said:
truth be told I was a dummy and didn't call my dad. He was not happy with me when I told him what we had done lol He knew of this forum already and had bought his points resale. (I didn't know it was common and easy!)

My bad!
Click to expand...

all that matters at this point is you found us in time to save all that money!

everything else is just icing on the cake!
 
RebelGal said:
truth be told I was a dummy and didn't call my dad. He was not happy with me when I told him what we had done lol He knew of this forum already and had bought his points resale. (I didn't know it was common and easy!)

My bad!
Click to expand...

Now, for Father's Day, you can get your dad a nice card and tell him just how smart he is. The apple doesn't fall far from the tree.

Jim
 
Response from. Wyndham

Yay!!!
In our rescission letter we asked for written confirmation of their receipt of the letter and cancelation of our contract. Saturday we received it! I really didn't expect them to but was happy they did!
On a side note, we tried to take some additional credit today on a medical card we have. We were denied. We couldn't understand why, as we have excellentl credit. Then this afternoon we received a junk email from BillMeLater. (Wyndham set it up for us for our deposit.) I called BML and found out that Wyndham had already charged our deposit on the day we were there (May 23rd.) It was my understanding that they would not do that until closing. (Day 11 - haha, suckers, we rescinded in time!) I asked the guy what the balance was and he said zero, as the deposit amount was credited back on June 6th. We asked that the account be closed immediately as we had no need for it. Now I know why we could not get the medical credit. And I am pissed! Do we have any recourse against Wyndham doing that or should we just be glad we escaped in time?
 
In a word, no...

TimeToRun said:
Do we have any recourse against Wyndham doing that or should we just be glad we escaped in time?
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You have no case and no "recourse". From your own description it is clear that a deposit was (appropriately) charged on the date of contract execution and that deposit charge has now been (appropriately) reversed. The purchase would have required more than just your signatures (i.e., a deposit) at the time of contract execution. If you later exceeded (or attempted to exceed) your credit limit prior to the refund of your charged deposit, Wyndham certainly shares no responsibility for that personal choice.

Your purchase contract has been successfully rescinded and your "deposit" has now been appropriately refunded. End of story. Count your blessings.
With all due respect, "recourse" is not a concept which fits in any way into this situation of your own personal choices and actions; you are not a "victim" in this matter.
 
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theo said:
You have no case and no "recourse". From your own description it is clear that a deposit was (appropriately) charged on the date of contract execution and that deposit charge has now been (appropriately) reversed. The purchase would have required more that just your signatures at time of contract execution --- the deposit charge.
If you later exceeded (or attempted to exceed) your credit limit prior to refund of your deposit, Wyndham certainly shares no responsibility for that personal choice.

Your purchase contract has been successfully rescinded and your "deposit" has now been appropriately refunded. End of story. Count your blessings.
Click to expand...

I didn't think we did, but it was just another ruse used by them. Nothing was supposed to be charged until after June 1st and they assured us of that several times. By that time it had been over six hours and we had a seven hour drive ahead of us (on a holiday weekend). Our fault, I know. It just reall angered me when we wanted to get the medical credit yesterday and were told no. I guess when you have a huge line of credit with no balance it will deter others from extending it. All in all, we learned a really good lesson, so yes, I do count my blessing on this one!
 
Wow I count FIVE buyers finding TUG and rescinding in time. That must be a new record.
 
Frank808
Make it SIX, I just sent my rescission letter yesterday for a TS bought from Westgate on 6/08/14! Fingers crossed hoping everything will work out smoothly.

Eva
 
Hooray to all of us!! And a BIG thanks to all of you who have helped shed some light on TS for us
:banana::hi::wave::clap::whoopie::banana:
 
Make it seven, this forum gave me a lot of info that you won't get from a developer.

Has anyone received a voicemail from the developer after sending in your recession letters?

I got a polite voicemail asking why we decided to rescind. I'm not sure if I should call them back or not.

Could there be any harm in calling them back and telling them their prices are way too high?
 
pitterchi said:
Could there be any harm in calling them back and telling them their prices are way too high?
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Only if you want them to reduce the price. I wouldn't do it if you REALLY want to rescind. Trust us, NO developer's special prices, foreclosures, extra vacations, bonuses, meals at the onsite restaurants, will equal the savings you'll see by getting informed and either buying resale, renting, or even going back after you have all the facts and buying from them.

No matter what they told you, the same deal is available today, tomorrow, next week/month/year.

Congratulations on rescinding, and Welcome to TUG. If you don't mind saying, how much did TUG save you from spending? And at what resort?

Jim
 
Passepartout said:
Only if you want them to reduce the price. I wouldn't do it if you REALLY want to rescind. Trust us, NO developer's special prices, foreclosures, extra vacations, bonuses, meals at the onsite restaurants, will equal the savings you'll see by getting informed and either buying resale, renting, or even going back after you have all the facts and buying from them.

No matter what they told you, the same deal is available today, tomorrow, next week/month/year.

Congratulations on rescinding, and Welcome to TUG. If you don't mind saying, how much did TUG save you from spending? And at what resort?

Jim
Click to expand...

Thanks for the response!

I think TUG will end up saving me about $11k - $13k. It was at the Summit Hillside at Massenutten.

I haven't bought a resale yet but I'm planning on it.

Thanks TUG!!!
 
haha, this is fantastic...I hope more folks post up and the number grows even higher!

We are nearly at $6 million dollars saved!
 
pitterchi said:
I haven't bought a resale yet but I'm planning on it.
Click to expand...

Just make sure you do your research inside and out, up and down before jumping into the ownership pool. Remember, even a resale purchased for a dollar (or even less) can be a poor decision.
 
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