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Thank you TUG - rescission successful

DaveNV

TUG Review Crew: Expert
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WorldMark
Congratulations! Stick around and read up here how to buy resale. You can get the same thing for pennies on the dollar.

Dave
 

TUGBrian

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so very happy you found us in Time to rescind and save nearly 20 grand!
 

dgalati

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Congratulations! Stick around and read up here how to buy resale. You can get the same thing for pennies on the dollar.

Dave
Rent from a vip and try out product before you purchase.
 

Pjdani07

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Help! Purchased into Wydham WCA (Trust) in March 2019; used it for the first time and was told that my maintenance fees were going to be a huge burden for us and our children later on as they tend to go up 7-17% yearly! They basically said that we were played pretty bad on our purchase and that we should get a deed instead, as we would be paying about the same amount and our fees would go up only about 1-2%. (And our kids would be able to sell the equity later if they wanted). From reading the posts on this site it appears I may have time to cancel. Please advise... Did I make the wrong decision and if I do cancel will my first purchase go back to the way it was?? Thanks!!!
 

dgalati

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Help! Purchased into Wydham WCA (Trust) in March 2019; used it for the first time and was told that my maintenance fees were going to be a huge burden for us and our children later on as they tend to go up 7-17% yearly! They basically said that we were played pretty bad on our purchase and that we should get a deed instead, as we would be paying about the same amount and our fees would go up only about 1-2%. (And our kids would be able to sell the equity later if they wanted). From reading the posts on this site it appears I may have time to cancel. Please advise... Did I make the wrong decision and if I do cancel will my first purchase go back to the way it was?? Thanks!!!
Sell the equity? That is another lie. Mosts deeds are selling for next to nothing or are given away for free.
 

Grammarhero

Official TUGBBS Rescission Master
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Washington, DC Area
Resorts Owned
Wyndham 77k, VV Williamsburg 4L/4 & 2/2, DRI South Bend 1/1
Help! Purchased into Wydham WCA (Trust) in March 2019; used it for the first time and was told that my maintenance fees were going to be a huge burden for us and our children later on as they tend to go up 7-17% yearly! They basically said that we were played pretty bad on our purchase and that we should get a deed instead, as we would be paying about the same amount and our fees would go up only about 1-2%. (And our kids would be able to sell the equity later if they wanted). From reading the posts on this site it appears I may have time to cancel. Please advise... Did I make the wrong decision and if I do cancel will my first purchase go back to the way it was?? Thanks!!!
You should rescind. CWA isn’t that bad MF at $6.5MF/1k. Only deeded resorts worth getting (resale) are Canterbury, Bali hai, Natl Harbor, Panama City, Grand Desert, wakaki, Ocean Blvd, and Clearwater, all of which can be bought resale for $300 (Clearwater) to $1,200 (Canterbury) per 100k EY pts. I am attaching the MF chart.

With rescission, Your first purchase goes back to the same way it was. I have attached rescission instructions. How much would the rescission save you?
 

Attachments

Last edited:

markb53

TUG Member
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Forestville, CA
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CWA
Panama City Beach
Help! Purchased into Wydham WCA (Trust) in March 2019; used it for the first time and was told that my maintenance fees were going to be a huge burden for us and our children later on as they tend to go up 7-17% yearly! They basically said that we were played pretty bad on our purchase and that we should get a deed instead, as we would be paying about the same amount and our fees would go up only about 1-2%. (And our kids would be able to sell the equity later if they wanted). From reading the posts on this site it appears I may have time to cancel. Please advise... Did I make the wrong decision and if I do cancel will my first purchase go back to the way it was?? Thanks!!!
If you purchased last March it is too late to cancel. I own CWA also. It does not go up 7 - 17 % per year. The sales weasels are just trying to scare you into buying more points a high prices. If you owned a deeded week. They would be saying the same thing in reverse. They would tell you the your deeded week would be going up 7 - 17% per year and you should buy CWA that only goes up 1 - 2 %. Neither is true. CWA went up about 5 percent last year which was one of the largest increases since I bought it, 8 years ago.
 

Sandi Bo

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Omaha
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Ocean Walk, Bonnet Creek, Alexandria, Williamsburg, National Harbor, South Shore, Canterbury
Help! Purchased into Wydham WCA (Trust) in March 2019; used it for the first time and was told that my maintenance fees were going to be a huge burden for us and our children later on as they tend to go up 7-17% yearly! They basically said that we were played pretty bad on our purchase and that we should get a deed instead, as we would be paying about the same amount and our fees would go up only about 1-2%. (And our kids would be able to sell the equity later if they wanted). From reading the posts on this site it appears I may have time to cancel. Please advise... Did I make the wrong decision and if I do cancel will my first purchase go back to the way it was?? Thanks!!!
You are referring to a first purchase. Too late to rescind on a March purchase (assuming that is the first purchase). If you just made an additional purchase and can rescind, be sure to do so.
As far as what you are committed too, stick around and learn to use it. You will enjoy it. Stop worrying about burdening your kids, as long as they aren't on the deeds now, they are under no obligation to own it. They can choose to, or they can refuse the inheritance. So you aren't burdening them with anything. They'll have a choice, they may want it, not may not.
Best of luck to you!
 

AnnaS

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Congrats!! Glad to hear you found TUG/Welcome to TUG.
 
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