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I purchased a timeshare in Las Vegas from the LV Tower 52…

Customer Question
I purchased a timeshare...

I purchased a timeshare in Las Vegas from the LV Tower 52 Vacation Suites on Dec 30th, 2017. However they did not go over the 5 day period and right of rescission. Instead they quickly ran through paper work. As I am now able to review for clarity, there were a lot of verbal lies in this sale. Hard to prove I realize but one thing sticks out the paper with the cost states March 28th, 2018 as a due date, which will be the last date of my payments toward the down payment. Is it possible that I can still cancel as the purchaser if I have not satisfied the down payment?

Lawyer's Assistant: You can discuss that with the Real Estate Lawyer or ask for a different Real Estate Lawyer.

I don't have one yet who do you recommend?

Lawyer's Assistant: Have you thoroughly reviewed the contract?

As best I understand it yes....

Lawyer's Assistant: Has any paperwork been filed?

Not sure it all just happened on new years eve..eve...

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

Not sure just what I have told you so far I guess

Submitted: 3 months ago.Category: Real Estate Law
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Answered in 3 minutes by:
1/8/2018
Real Estate Lawyer: Loren, Lawyer replied 3 months ago
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 37,272
Experience: 30 years of real estate practice experience.
Verified

Unfortunately, if you fail to complete a scheduled payment then you are in breach and the timeshare company can sue you for the unpaid amounts under the contract, plus any other damages the contract allows.

Was the 5 day cancellation included in the contract you were given?

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Customer reply replied 3 months ago
just not verbally told about it. I just found it today when going over the documents.
Real Estate Lawyer: Loren, Lawyer replied 3 months ago

Thank you for the additional information.

The statute only requires that the cancellation be included in the contract. Additionally, where there is a written contract, only the terms on paper are relevant and admissible in court.

I am sorry. I wish I could tell you otherwise, but I do not want you exposing yourself to further liability and spinning your wheels on this.

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Real Estate Lawyer: Loren, Lawyer replied 3 months ago

Did you have further questions? Have I answered your question? Please let me know.

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Real Estate Lawyer: Loren, Lawyer replied 3 months ago

If you have no further questions please remember to rate my service (5 Stars) so that I am credited by JA for answering your question and also so that I may close the question.

There is no additional charge to you for a 5 star rating of my service.

Thank you!

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Loren
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 37,272
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Experience: 30 years of real estate practice experience.

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