Original Message:
Re: Cut my price on timeshare...what else to sell it? (by Ken R.):
jons29 [Ken; Not sure what state you are referring to, but, to my knowledge the only time you can cancel a contract, within three days, is when the "seller" comes to you. If you go to the seller, it's binding when you sign it.
I might be wrong in that some jurisdictions might allow a cancellation. In any case, worth looking into.[/Q]
If you check with any state attorney general you will find there is a period of time the "BUYER" can rescind a contract unilaterally (by themselves without any permission from the seller - we're talking resort here). Each state is different and foreign countries have the same type of laws with different time periods as well.
Each sales contract, especially if it involves financing, is required by law to inform the buyer of this right.
Please check with any attorney in your area and he or she will confirm this for you.
Dr. Ken Rich