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Re: Resinding within 5 days in Mexico (by R P.):

jamieannie wrote:

I have a question about rescinding a contract: We foolishly bought a timeshare. I went the next day to the Mexican post office and sent registered letters to the resort and the main office. We signed a paper at the resort stating that the deposit was not refundable. Since the deposit is part of the purchase, I believe that this is not legal or binding. Is this so?

The deposit is not legally binding if you rescinded within the 5 day period. It's Mexican law that your deposit be returned to you after recission. If the resort balks at returning your deposit then tell them you will be getting in touch with Profeco asap.