- Joined
- Feb 23, 2009
- Messages
- 1,629
- Reaction score
- 1,010
- Points
- 373
- Location
- Seattle
- Resorts Owned
- Worldmark and VI
I am not too sure if this is the forum to post my story on... but here it goes I bought a timeshare through westgate resorts for Orlando Florida in November I have not been finished paying off the down payment. I am well after the 10 day period and haven't even started paying the HOA fees I know that it's either sell it back (which I called them and they says the have no buy back program) or stop paying it which will effect my credit. I called acounsumer credit association and they are charging me $2450 to get me out of the contact which doesn't seem a lot for the over 10k that I am gonna pay westgate. I truely don't know what to do, can someone please give me some onsite from experience or knowledge, thanks in advance
See post #30 in this thread: http://tugbbs.com/forums/index.php?...other-to-get-out-of-a-timeshare.247824/page-2
The fact that you owe will be the main sticking point. You signed a loan agreement and most won't touch this until that loan is paid off. That is true for any timeshare. The best option is to get somebody to take over the loan, but that simply won't happen especially with Westgate. I think it boils down to paying it off and giving it back, or default and take the credit hit.
Sue