Please help ☹️

[Emaraj1]

Hello everyone, me and my wife think we made a horrible financial mistake and signing for the BlueGreen vacation club points while we really can’t afford to add expenses to our budget. We live in Florida and tried to go on a little get away by going on a staycation to one of the bluegreen resorts in our area and during the presentation we ended up signing for deed of points. Does anyone have any advise on trying to get out of this contract/deed? We signed the papers on 3/8/24 and want to know the best way to go about rescinding the agreement. Please help!

 

[zentraveler]

You will get others who know more about the process telling you what I would say -- RECIND ASAP. You are fortunate to have found TUG while you are still in your recession window.

Welcome to TUG and congratulations that you are asking now and not when you are beyond the time to do anything about getting out of this!

 

[Emaraj1]

You will get others who know more about the process telling you what I would say -- RECIND ASAP. You are fortunate to have found TUG while you are still in your recession window.

Welcome to TUG and congratulations that you are asking now and not when you are beyond the time to do anything about getting out of this!

Do you have any advice on how to get started on the recind process? Thank you so much

 

[RX8]

Rescinding is easy.

Find the rescission instructions found in your contract. Follow them exactly.

Your rescission letter can be as simple as “I am exercising my contractual right to rescind the timeshare purchased on (enter date).” Include the contract number, the names and addresses of the parties on the contract and have all parties on the contract sign the letter.

Mail the letter certified so you can have proof of the postmark date. You have ten days in Florida to rescind. Doesn’t matter when they get it, only when you send it which is why proof of postmark date is important. Don’t procrastinate, do the rescission ASAP.

You can then relax and wait for the credit card refund. Your rescission right is guaranteed by state law. They do not have to notify you that the rescission is being processed, and likely will not. What they may try is to call you stating that they need to talk to you before processing the rescission. That is not true, they will only attempt to talk you out of it. Ignore their calls.

Congrats on rescinding on time. What they sold you for thousands is literally worth zero before the ink is dry. So many come to TUG months or years later asking how to get out of it. It is too late for them but you have dodged a bullet. Care to share the purchase price? TUG tracks the savings by rescinding.

 

[Emaraj1]

Rescinding is easy.

Find the rescission instructions found in your contract. Follow them exactly.

Your rescission letter can be as simple as “I am exercising my contractual right to rescind the timeshare purchased on (enter date).” Include the contract number, the names and addresses of the parties on the contract and have all parties on the contract sign the letter.

Mail the letter certified so you can have proof of the postmark date. You have ten days in Florida to rescind. Doesn’t matter when they get it, only when you send it which is why proof of postmark date is important. Don’t procrastinate, do the rescission ASAP.

You can then relax and wait for the credit card refund. Your rescission right is guaranteed by state law. They do not have to notify you that the rescission is being processed, and likely will not. What they may try is to call you stating that they need to talk to you before processing the rescission. That is not true, they will only attempt to talk you out of it. Ignore their calls.

Congrats on rescinding on time. What they sold you for thousands is literally worth zero before the ink is dry. So many come to TUG months or years later asking how to get out of it. It is too late for them but you have dodged a bullet. Care to share the purchase price? TUG tracks the savings by rescinding.

We have a total price of 13k for 8k points EOY(every other year) we did get an extra 4k points a year for the first 2 years as well as the charter certificate and a royal carribean cruise, with maintenance fees around 780/year. I hope this helps others and we will definitely start on getting the rescission process ASAP, hopefully we it will be successful. Thank you for the advice and reassurance.

 

[dioxide45]

Do you have any advice on how to get started on the recind process? Thank you so much

Read your contract.

 

[zentraveler]

We have a total price of 13k for 8k points EOY(every other year) we did get an extra 4k points a year for the first 2 years as well as the charter certificate and a royal carribean cruise, with maintenance fees around 780/year. I hope this helps others and we will definitely start on getting the rescission process ASAP, hopefully we it will be successful. Thank you for the advice and reassurance.

As far as I know, if you are within the recision period, which you should be, and do it properly you should not have any trouble. One thing no one mentioned is do not go back to the sales department for anything. They will just try to talk you out of it. There are many threads on recinding in TUG so you might take a look at those, but it should be straightforward.

 

[ScoopKona]

And send it return receipt. It only costs a couple bucks. Then you have physical proof that they received your rescission letter.

Find the cancellation instructions in your contract paperwork -- often it's "hiding in plain sight." If the instructions say to sign with a blue pen, DO SO. Whatever the letter says, that's what you do.

Make a copy (scan/photograph with your phone/use a copier). And send it return receipt. That gives you useful physical evidence in the unlikely event that there's a problem with the mail.

 

[WaikikiFirst]

other experts here have recommended incl a copy of the signature pg of the orig contract. Idk if your "instructions" will say that, but it can't hurt. I guess the deal is all the signatures on the contract have to also be on the recision and they have to look the same, to eliminate any wiggle-room.

 

[elaine]

As others have said--follow directions exactly as in packet. Even if not indicated in packet do this:

• Include the contract number, the names and addresses of the parties on the contract and have all parties on the contract sign the letter.
• Make a copy.
• Mail the letter certified so you can have proof of the postmark date. Spend the extra $ to get return receipt (makes life much easier if they say they never got it). You have ten days in Florida to rescind. Doesn’t matter when they get it, only when you send it which is why proof of postmark date is important. Don’t procrastinate, do the rescission ASAP.

I would add that if there is not a specific address listed in the packet for rescissions--mail to corporate office and sales office, both certified. Mail it Monday. Life happens and you do not want to miss your ONLY chance to rescind. Good luck!

 

[rjwehr]

Ditto everything mentioned above. Here's a link to some additional information:

FAQ - Rescinding/Canceling a Timeshare Purchase

What is "Rescinding" or the "Right of Rescission?" Rescinding is a completely legal way to cancel the purchase of a timeshare and get all of your money back, within a certain number of days. The number of days you have to rescind differs from state to state - See the list below for the states...

tugbbs.com

Good luck to you.