TUG Review Crew: Veteran
- Mar 21, 2007
- Reaction score
- New England Coast
Do not return any originals of contract documents --- send only photocopies.I will send the letter with paperwork documents (purchase agreement, loan docs etc..) they provided to us.
I will let you know status of my cancellation. I hope all goes well. Thanks again.
A few relevant points to keep in mind:
1. It could (lawfully) take up to 45 days before you actually see the 100% refund of your deposit, although it likely will not take nearly that long.
2. You may get phone calls from desperate sales weasels looking to salvage the sale (and their commission). Do not answer any incoming calls from numbers you don't recognize. No good can come from further conversation with those people --- and any such verbal discussion of a contract which has already been executed is legally meaningless anyhow.
3. They will process your timely submitted rescission if / when sent to the correct address. They are not doing you any personal favors or granting you any kindnesses by doing so; they have no choice --- they must comply with the law. They need not keep you "updated" in any way at any time, but they nonetheless must cancel the contract (and the associated loan) and return 100% of any deposit money paid.