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In Florida, for example, where almost 25% of U.S. timeshares lie, it is 10 days, and money must be reimbursed back to the consumer within 20 days after getting a cancellation notice. In addition, if you do buy a timeshare, understand that some states have stronger rights of rescission than others, and timeshare companies are aware which are weaker.
If you pull out, the FTC advises you send a letter via licensed mail or hand-delivered with a signed invoice. In addition, be sure to keep records of any correspondence and who you talked with, the FTC states. If you wish to trade to another resort, you need to know how to do so. http://remingtonawpq196.timeforchangecounselling.com/see-this-report-about-what-happens-if-i-stop-paying-my-timeshare-mortgage |
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