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Original Message:

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

I have heard from many Canadians. As one example, left with no choice, Karl in Nova Scotia had no choice but to default. I checked with him recently. He receives a bill once in a while. He's with Vacation Village but collection practices re maintenance fees are universal. Karl's article: https://tarda.org/f/canadian-snowbirds-stuck-with-us-timeshares Westgate is on ARDA's responsible exit website. They should not be. They are the worst. People with fully paid for timeshares that have debilitating medical conditions are refused, because it is a one BR or in Branson. Complain to ARDA if they won't allow you to exit. A Resorts Trades article listed them as one of the founders! https://responsibleexit.com/

I read a 140 page deposition taken with Westgate's executive over Mortgage Services. He said Westgate "probably" has a 30% default rate! According to pretrial statement, even on loans, not much happens except a credit score hit. That could change. I heard there is an attorney hiring frenzy. My article: What Happens When a Westgate Owner Defaults? https://insidetimeshare.com/fridays-letter-from-america-exit-industry-on-trial/ From the article: According to Joint Pre-Trial Statements – not much happens.

Out of 621 original owners, Westgate only brought foreclosure proceedings against 244 accounts. Of the 86 remaining owners, only four testified they were foreclosed. With respect to the 86 owners Westgate decided to foreclose upon, none testified that their credit was damaged as a result of nonjudicial foreclosure, or were aware of any such impact. Westgate had not sought deficiency judgments as a matter of policy and is not entitled to under Florida law and the law of almost every state.

Westgate could change its policy to pursue judicial foreclosure and seek deficiency judgments. This would allow them to place liens on real property or garnish wages, etc.