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Just Cancelled my contract

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  • #1

    Just Cancelled my contract

    Hello,

    My wife and I bought on a whim into the Bonnet Creek resort last week. After reading through the books, I became extremely worried and confused. After reading this website I knew I wanted to cancel. My contract says we have a 10 day cancellation period and it only mentions notification my letter to an address in NV. I sent the letter off overnight and it was received on day 8. I have the tracking number and the delivery notification (no signed return receipt). Two questions. I still have one day to make sure I did everything correct.

    1. Does anyone know of anything other than a letter stating your desire to cancel that needs to be included? I have read through the contract, and it only says written notification mailed to the address.

    2. Should I send another letter with a signed returned receipt? I still have one day and I could mail overnight again with return receipt to be 1000% sure. Like I said, I have electronic confirmation that the package made it to the address noted in my contract.

    I don't want them to come back and say I missed something. Thanks for all of your help. I still want to purchase, just not through the dealer. This website has been great.

    Prentice
    Tags: None
  • #2
    Return receipt would be better but as long as you can still track it you should be OK. I would also put stop payments now to show you are trying to cancel before your 10 day period.
    Timeshareforums Shirts and Mugs on sale now! http://www.cafepress.com/ts4ms

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    • #3
      USPS was the way to send it to the address they gave you which you appear to have found, All you have to say is you want to rescind, no reason necessary. While a Return Receipt is a nice fuzzy feeling you should be fine. 10days is the deadline that it must be postmarked by, if you feel good by sending another, do it, overnight not needed.
      ... not enough time for all the timeshares ®

      Comment

      • #4
        If I were you, I would send another letter certified mail, return receipt via USPS. There is no need to overnight it, as you only need proof that you sent it before the deadline. The contract specified that you must send it via mail -- technically sending something via FexEx or UPS, etc. would not count.

        I wouldn't go through the expense of trying to stop the payment. Just doing a stop payment has nothing to do with legally getting you out of the purchase contract. The certified mail receipt will give you the legal proof you need.

        Kurt

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        • #5
          Sent another to be safe

          Well, I sent another just to me safe. I also sent one to the "developer", so the official one when to Las Vegas and a FYI went to Orlando, both certified, return receipt, and on the ninth day. I think I'm covered.

          I will give things a few months to settle down then look at the resale market for 2008. Something with 100,000-200,000 per year deeded in Bonnet Creek so I can have access to the others, especially San Antonio.

          thanks.

          Comment

          • #6
            congrats on saving a good amount of cash.......take your time....study....ask questions and enjoy.

            Welcome to timeshareforums.
            "If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed."
            -- Thomas Jefferson to Col. Yancey, 1816

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            • #7
              Account refunded

              Hello,

              I just received my refund from my timeshare, they credited back my card. It was exactly 12 days after I sent my letter.....no calls, no pressure.

              You guys saved my "you know what". Nothing like savings $12-14K.

              I will now be looking for resale at either Bonnet Creek or San Antonio.

              Once again, thanks for the help.

              Comment

              • #8
                Originally posted by pcjames4 View Post
                Hello,

                I just received my refund from my timeshare, they credited back my card. It was exactly 12 days after I sent my letter.....no calls, no pressure.

                You guys saved my "you know what". Nothing like savings $12-14K.

                I will now be looking for resale at either Bonnet Creek or San Antonio.

                Once again, thanks for the help.
                Good for you!!!! Nothing like saving $12-14K to brighten up your day.

                Good luck in your search!
                Angela

                If you change the way you look at things, the things you look at change.

                BTW, I'm still keeping track of how many times you annoy me.

                Comment

                • #9
                  Way to go, Prentice!
                  Connie

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                  • #10
                    Well done and congratulations on the big savings.

                    Comment

                    • #11
                      Congrats on your cancellation. It sounds so good during those presentations! Now you can check out the boards & purchase resale & save lots of money!
                      Marsha

                      Originally posted by pcjames4 View Post
                      Hello,

                      I just received my refund from my timeshare, they credited back my card. It was exactly 12 days after I sent my letter.....no calls, no pressure.

                      You guys saved my "you know what". Nothing like savings $12-14K.

                      I will now be looking for resale at either Bonnet Creek or San Antonio.

                      Once again, thanks for the help.

                      Comment

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