• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Free westgate orlando timeshare

NikoKritikos

newbie
Joined
Apr 18, 2023
Messages
1
Reaction score
0
Points
1
Resorts Owned
Westgate orlando
Hi,
I'm new to all this, last November we bought a timeshare and are not using it so I would like to give it away, the monthly mortgage is $350 and the yearly dues are almost $1000. It has tons of cruises and hotel deals.
Let me know if you want it.
 

spackler

TUG Member
Joined
Jul 16, 2014
Messages
585
Reaction score
246
Points
153
Location
US
Resorts Owned
Quarter House, Jean Lafitte House, Bali Hai
Hate to be the bearer of bad news, but you'd have to pay the mortgage off first. Zero chance anyone would accept that with a mortgage attached.
 

Janann

TUG Review Crew: Expert
TUG Member
Joined
Jul 20, 2006
Messages
1,251
Reaction score
682
Points
473
Location
North Texas
Resorts Owned
HGVC on the Boulevard, Las Vegas;
Disney's Saratoga Springs
the monthly mortgage is $350
Part of the issue is that the title can't be transferred with the mortgage attached, and the other part is that your timeshare probably has very little or no resale value. No one is going to pay $350 per month for something that is valued around zero.

Its kind of like trying to sell a car with a loan attached -- its impossible because the loan is not assumable.
 
  • Like
Reactions: RX8

RX8

TUG Member
Joined
May 5, 2011
Messages
3,955
Reaction score
4,185
Points
449
Resorts Owned
HGVC and DVC
Its kind of like trying to sell a car with a loan attached -- its impossible because the loan is not assumable.
Except most cars have a positive value worth thousands of dollars. Having a loan on a car usually doesn't prevent a sale as the new buyer just needs to get a new bank loan themselves (or pay cash) and wait for the title after the seller's loan is paid off.

A better timeshare sale analogy, in my opinion, is that it is kind of like trying to sell an uninsured totaled car that still has a loan on it.
 

T-Dot-Traveller

TUG Member
Joined
Jun 10, 2015
Messages
4,571
Reaction score
3,498
Points
348
Location
Canada
Resorts Owned
Mayan Palace Regency
Taranova
Hi,
I'm new to all this, last November we bought a timeshare and are not using it so I would like to give it away, the monthly mortgage is $350 and the yearly dues are almost $1000. It has tons of cruises and hotel deals.
Let me know if you want it.

Hi @NikoKritikos
Welcome to TUG : Timeshare Users Group
Many of us bought our first timeshare the way you did. The value is in use .

Westgate is a weeks program - your $ 1000 "yearly dues" pays for 7 nights.This is $143 per night
in accomodations that are much nicer than the average hotel room.

You bought 4 months ago in November 2022. It is time to read your contract and learn how to use what you own.
Since you bought from the developer (Westgate) you can use without any of the restrictions they place on resale buyers.
 
Top