Sea and Ski is a "timeshare company"
Now...you ask a good question
"are they a scam"
Frankly, I believe all timeshares are "scams"...any business that relies on high pressure sales to stay afloat, in my opinion, is a scam.
But that does not make the business illegal.
Frankly, most timeshare companies follow the law.
The law in Colorado for canceling a timeshare contract
is 5 calendar days after sale. So if a week has passed, it is too late to cancel the contract without recourse.
If you have a contract with a timeshare company, your obligated to the contract. The best way to "get out of this" is to either
1. Sell the interest to someone else so you can pay off the debt or
2. Negotiate with the company to cancel the contract...perhaps you can get them to take back your interest if you pay them...sometimes this is possible...but its up to the company to agree or not.
Short of that, you can stop paying...if you do, then understand the company could sue you for breach of contract
and take steps to garnish (take) your income or assets.
There is no "magic bullet" for these contracts...the timeshare companies are having as hard a time as anyone in this down economy...they are struggling to keep alive...and will do what they can to force you to pay this contract. The best way to resolve is to negotiate with them to resolve.
You can consider bankruptcy as well...though that is a fairly extreme step to deal with a timeshare...it would remove the debt.
Sorry to have to bear bad news