Westgate Resort

[Marinyc]

Hi guys im new here, its so cool something like this exists. I have a horrible nightmare with westgate resort. Ive been an owner since 2018 , lost over 2,000 approximately. Ive never used the resort not once. Ive sent a letter which they have replied and refused to release me basically saying we have a contract , oh yeah me and my husband under one contract. Ive been looking into hiring Timeshare answers looking for a way out.. Please give me advise anyone in a similar position??

 

[Fried_shrimp]

Hi guys im new here, its so cool something like this exists. I have a horrible nightmare with westgate resort. Ive been an owner since 2018 , lost over 2,000 approximately. Ive never used the resort not once. Ive sent a letter which they have replied and refused to release me basically saying we have a contract , oh yeah me and my husband under one contract. Ive been looking into hiring Timeshare answers looking for a way out.. Please give me advise anyone in a similar position??

Where to start. Depending on where you purchased, you had about a week to cancel the purchase. You can't (easily) just walk away two after your purchase and yes, you have a contract. You and your husband (if he was there when the purchase was made) would be on the contract. I would never pay anyone upfront to try and get you out of your timeshare as most, if not all, are scammers and will just take that money and run causing you to be out of more money.

Now, what to do? IMO, the best thing to do is learn how to use it. I assume by your post that you have a mortgage you are still paying on so you can't give it away (if you had any thoughts about selling it, even mortgage free, you would not get anything for it) so if you learn how to use it you can get some enjoyment for the money you spent/are spending. Once you have it paid off you can try to give it away but I don't know how successful that will be so it's best to learn how to use it and enjoy those vacations with your family.

 

[TheTimeTraveler]

Hi guys im new here, its so cool something like this exists. I have a horrible nightmare with westgate resort. Ive been an owner since 2018 , lost over 2,000 approximately. Ive never used the resort not once. Ive sent a letter which they have replied and refused to release me basically saying we have a contract , oh yeah me and my husband under one contract. Ive been looking into hiring Timeshare answers looking for a way out.. Please give me advise anyone in a similar position??

What happened between 2018 and 2021....? You say you have never used it so why did you buy it to begin with? Have you thought about renting it to recover some of your costs?

Don't be fooled by anyone claiming that they can get you out from under your obligation by charging an "Upfront Fee". They will simply take your money and disappear no matter how convincing their sales pitch is.

Welcome to TUG.



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[RX8]

Do you have a mortgage? What do you mean when you say you “lost over $2000 approximately? As @TheTimeTraveler asks, what has changed since your purchase?

Any exit company, as they are called, is going to charge you thousands of dollars upfront. It isn’t uncommon for these companies to string an owner along, in some cases for years. These companies have no magic wand to make contracts go away. Many of their successes are likely just using a deed back program that is available to owners. These exit companies don’t want you to know your options and will keep you in the dark so they can charge you thousands of dollars for something you could do your self. I believe Westgate charges about $1500 for their deed back program but an exit company will charge you many thousands more than that. These exit companies have slick websites and talk a good game but they are not your friend. They are looking for an easy way to be paid thousands of dollars upfront for their promises.

The bad news is that these deed back programs are only good if they do not have a mortgage. If you have a mortgage then it is MUCH harder to get out of that responsibility. The exit company doesn’t have anything up their sleeve to make that go away. Think about it, if you have a home mortgage or a car loan, and you ask to get out of your obligation, they may emphasize with you but if you want out they will foreclose or repossess. The timeshare isn’t any different. There are stories out there where one paid thousands to an exit company and yet they were foreclosed on. The exit company refused to refund because they say they got them out of their contract.