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Re: Westgate Change in Policy - Is it Legal? (by Jeff B.):

I would think his goals were driven by one (or possibly both) of the following.

1) They do not want a resale market developing and will do all they can to prevent it. By putting in a policy such as this they are reducing the ability to resell a unit.

At this point in time people are literally paying thousands of dollars to get out from under the property that they own. Kind of a shame. It would trash a person's credit rating but, at least in Florida, it is possible to walk away and not pay the maintenance fee as they can't go after owners for anything other than title. For anyone with elderly parents who got scammed by him, this is the best course of action in my opinion if the sleazes at Westgate refuse to take the unit back.

Note that the rules vary from state to state. If you walk away in some states, you may wind up finding your wages being garnished. My understanding is you can walk away in Florida provided you don't care about your credit rating.

2) Most likely though it was just a method of getting a little bit more money as a result of his financial problems. I was hosed, I paid the money once. He will do all he can to prevent owners from exchanging at some point in the future as that is the way he operates.