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Rescission / cancellation (by KC):

lydiac60 wrote:

We are going to rescind the contract at this point because we feel we were not given a good deal and was mislead on what was going on with our current 1 bedroom unit which we were comfortable with making the 153.00 payments on. My question is what will happen to our 1 bedroom if we rescind the contract at this point?

It's really quite simple. If you rescind (cancel) properly and before the applicable state law deadline, you will revert right back to exactly where you were before making the second purchase / upgrade. It would be as if that "upgrade" pitch you fell for never even happened at all. However, If you don't meet the applicable state law deadline to rescind / cancel in writing and under signature, all bets are off and you will be locked in to whatever contract you signed in the "upgrade".