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Re: Re: Get out of Westgate Resorts (by KC):

jima392 wrote:

I'm not paying anymore and think they really can't affect my credit in Canada. I've requested they foreclose and take the timeshare back. Should I be concerned of adverse penalties?

No need for concern, although Wastegate certainly won't "foreclose upon request". If you stop paying your fees, they will initiate "collection " calls and efforts, but they won't actually initiate foreclosure for 2 years (or more) from now --- but foreclosure is ultimately all they can or will ever do.

Are you aware that Westgate has a "deedback" program? Called "Legacy", It's only available to owners whose accounts and fees are fully paid up. They charge a fee for the "privilege" of signing it back over to them (a fee variously reported to be anywhere between $1,200 and $1,800, per week). That is inexcusable thievery and greed, of course, and I'm certainly not suggesting that "Legacy" is a desirable course of action --- I am merely pointing out that the option exists if you desperately want a quick, clean and permanent exit, albeit at (another) cost while your account is still current. Once fees fall into arrears, "Legacy" ceases to be available at all until and unless the fees get paid up to date.

I genuinely despise everything about Westgate, but my personal feelings and views are irrelevant to your situation. Good luck, whatever you decide to do.