Report Abuse

Definitely rescind!!! The fact that you are questioning what you purchased should tell you that you are not ready for this purchase. Make sure you follow the rescission instructions exactly as outlined in the owner's package you were given. The instructions will likely tell you to send your letter via certified mail with a receipt requested. That receipt will be proof enough that you mailed your letter within the seven days. Your letter does not need to be fancy. You do not have to provide any reason. Just make sure that all parties who signed the purchase agreement all sign the letter of rescission. And once you do send it, watch out for any phone calls that might come your way from the sales people or resort trying to twist your arm to not rescind. As for where to go from there, I would suggest renting at least once (from a current owner and not the resort) so you can try before you buy. Also, do some research for a while on timeshare-related forums such as here on RedWeek, TS4MS, and Timeshare Users Group (aka "TUG"). That will open your eyes to the world of timeshares. What you learned from the sales person was only one-sided and not in your favor.