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Re: TS owner in desperate need of advise. Please (by R P.):

Planet Hollywood Towers is in the building stage .... definitely nowhere near completion. I don't know how Westgate would handle something like this since you bought preconstruction, but I think it would be handled the same way as any other timeshare developer purchase. I believe I read that the first tower is to be completed sometime in 2009.

My suggestion would be to talk to Westgate, but it will probably be to no avail as it's much too late to rescind (read the rescission clause in your contract), but it wouldn't hurt to give it a try. If they choose to repossess and foreclose then yes, their finance department can find you in the UK (or anywhere else in the world as the world is becoming a smaller place, especially in this time of instant communication).

If you aren't successful in getting out from under your contract (and it's doubtful that you can), you may consider renting your unit(s) to recoup some of your payments and fees. If it's a lock-off, then that would be two separate rental incomes to you. If you own in a desired time, say New Years, then that would be even better as New Years Eve is very popular in Vegas.

Good luck in your endeavor.