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Re: Re: Re: Get out of Westgate Resorts (by Irene P.):

I read about 300 pages of court documents concerning the Westgate v Timeshare Exit Team lawsuit. I was planning to attend the trial, but the parties settled. Things may be changing, but according to John Willman, Westgate's Treasurer and VP of Mortgage Services, who testified at his deposition, Westgate "probably" has a 30% default rate. They do not pursue foreclosure for at least two years, and the details of their foreclosure procedure is as he described in my article. https://insidetimeshare.com/fridays-letter-from-america-exit-industry-on-trial/ I have been hearing reports that developers are going to get more aggressive. In the past they just foreclosed on the timeshare, but because of six reports I received, including an up-swell in hiring lawyers, developers may begin to pursue summary judgments and deficiency judgments. According to ARDA-ROC's Chairman Kenneth McKelvey, ironically the timeshare owner's voice (timeshare owners donate to ARDA-ROC about $5 million a year in mostly opt-out donations. I've yet to have a timeshare owner tell me what ARDA is and I've talked to over 2,000 owners):

“The best thing we can do with exit (is) judicial foreclosure, ruin the credit and enforce the contract,” said Ken McKelvey, chair of the American Resort Development Association-Resort Owners Coalition, according to letterhead minutes of the April 10, 2019 ARDA-ROC meeting. (Contacted about the meeting notes, ARDA did not dispute their authenticity but said that in the minutes, McKelvey’s quotes were taken out of context.) https://insidetimeshare.com/fridays-letter-from-america-timeshare-foreclosure/