Christine C
newbie
- Joined
- Jul 3, 2017
- Messages
- 1
- Reaction score
- 1
Hi All,
Yesterday my fiancé and I got pressured into buying an Atlantic City, NJ Flagship Fantaseas Resort time share. They started us at $20,000 promising it had a 94% exchange rate. I told them I had never researched the company, didn't know much about time shares, and wasn't comfortable making the decision right then. To "help us out" they gave us the "great deal" of $7,900. We asked if we could talk privately about our finances to which we were told no that our representative couldn't leave us alone. I should have taken that as a red flag, but we did indeed sign.
I didn't feel good about the decision, so I did some some research last night and found this amazing site. I think a time share in the future might be nice, but I'll certainly do my homework before purchasing again, and I will do so on the resale market.
I've decided to send in my rescission letter via certified USPS mail. The instructions on the contract said I had seven calendar days to send a cancellation in writing. With tomorrow being the 4th of July, I figured it best to send it out today. I've read through several threads. A few say just a certified letter and the corresponding receipt are fine because the buyer isn't responsible for the mail delivery of the post office nor the mail room of the time share office. Other threads say to get a certified letter and require a signature. Is the signature necessary? Should I send a second certified letter and require a signature? Should I send a copy via email as well or just avoid all other communication? Thank you!
Christine
Yesterday my fiancé and I got pressured into buying an Atlantic City, NJ Flagship Fantaseas Resort time share. They started us at $20,000 promising it had a 94% exchange rate. I told them I had never researched the company, didn't know much about time shares, and wasn't comfortable making the decision right then. To "help us out" they gave us the "great deal" of $7,900. We asked if we could talk privately about our finances to which we were told no that our representative couldn't leave us alone. I should have taken that as a red flag, but we did indeed sign.
I didn't feel good about the decision, so I did some some research last night and found this amazing site. I think a time share in the future might be nice, but I'll certainly do my homework before purchasing again, and I will do so on the resale market.
I've decided to send in my rescission letter via certified USPS mail. The instructions on the contract said I had seven calendar days to send a cancellation in writing. With tomorrow being the 4th of July, I figured it best to send it out today. I've read through several threads. A few say just a certified letter and the corresponding receipt are fine because the buyer isn't responsible for the mail delivery of the post office nor the mail room of the time share office. Other threads say to get a certified letter and require a signature. Is the signature necessary? Should I send a second certified letter and require a signature? Should I send a copy via email as well or just avoid all other communication? Thank you!
Christine
