SunGod
newbie
- Joined
- Mar 8, 2022
- Messages
- 2
- Reaction score
- 1
- Points
- 3
- Resorts Owned
- Westgate Southbeach
Westgate South Beach has a proxy vote coming up on March 25th...They want us owners to vote on the Obsolescence of the property as it will cost millions to repair...they also have a buyer North of the property interested in purchasing and want us to certify the commerical contract prior to the HOA ratifying and joining the contract as a Seller...My question is am I giving up My time share ownership as a result of voting for the obsolescence and terminating the timeshare plan and begin unwinding the ownership of the resort property through the process set forth in the project governing documents called Obsolescence?? After winding up the HOA will I still be eligible to share in the distribution of Net Proceeds from this sale? Appreciate any Help Tug can provide prior to sending in the Proxy vote for March 25, 2022...Best Regards, Jack 216 224 5047