Original Message:
Deceitful sales weasels, contract rescission (cancellation) rights... (by KC):
robertr558 wrote:The sales people are so good, and I am speaking in general, not just Diamond. Charles345 is absolutely correct but the poor buyer is outclassed in every way. They hone these presentations day after day. They have heard all the objections and have ready responses. When the exhausted buyer finally agrees, the signing ceremony begins, and you will be signing and initialing so many things that you have no idea what it all means. One of those initials always says that you understand that nothing they said to you matters, and everything is in the papers.
Very astute and accurate observations. Fortunately, state laws require that a developer also provide written notice of contract cancellation rights to the buyer at the time of contract execution. Unfortunately, far too many buyers don't subsequently read or act upon those cancellation rights in time (it's 5-7 days to cancel the contract in most states, 10 days in Florida and Tennessee).
It would be nice if timeshare contracts were required by law to honestly reveal, overtly and in writing, that the "product" being purchased may very well have little or no resale value the moment after the contract is signed. That's just a pipe dream, however; ARDA would fight tooth and nail (and "financially support" the appropriate politicians) to make very certain that no such idea suggesting honest disclosure ever got to see the legislative light of day.