Thank you!

[janwes]

Taste of timesharing

We kinda had the same experience in Las Vegas in 1980. Took our first vacation to Vegas and bought a timeshare! Thought it was a great idea until we realized we would have to go to the same place each year at the same time AND have to buy a plane ticket to get there. I was uncomfortable that there seemed to be no "cap" on the maintenance fees.
We walked back in the next day and asked to "rescind" the contract. We were from Ohio which had a 3 day rescind period; but was told that in NV that wasn't the case (and also that we had agreed to the presentation-- compared to someone coming to your home to "sell" you something.) Regardless, they let us rescind; which made us feel like we hit a jackpot of avoiding a lifetime problem.
The sales pitch stuck with us as we liked the idea of timesharing. When we were introduced to Fairfield (Wyndham) a couple of years later -- where we weren't buying a week/site, we bought and have enjoyed it ever since (until they took our VIP from resale away). First points from developer and two more contracts resale.

 

[JPD]

Don't forget to go to usps.com and print out both conformation's of delivery and attach them to your other paperwork. And as Clark Howard would say, "save them forever".:rofl:

 

[whiskeylover]

So it has been almost 2 weeks since I mailed in the rescind notice. Do you guys think I should call and ask them about the status? I haven't heard back anything from them yet.

 

[theo]

No phone calls!

So it has been almost 2 weeks since I mailed in the rescind notice. Do you guys think I should call and ask them about the status? I haven't heard back anything from them yet.

No. DO NOT call. No possible good can come from (legally meaningless) phone chat on a contractual matter.
...and btw, don't take their call if / when they attempt to call you --- for the exact same reason.

You may never actually "hear anything back" at all, as the developer is under no legal obligation to "confirm" anything with you. Their only legal obligation is to process a properly and timely submitted rescission and refund your deposit. Doing so may well be the only "hearing back" that ever occurs and it could very well take several weeks. Refund of the deposit could take up to 45 days. Be patient --- the law is clearly on your side.
Meanwhile, you would certainly be wise to stay off the phone regarding this important legal matter!