Post reply
Original Message:
Re: Westgate Change in Policy - Is it Legal? (by Tracey S.):
A banked week basically means it has been deposited into Westgate internale system. So yes using a banked week will most likely cost you $450 or you can let it expire and pay nothing. Banking weeks with the developer is similar to depositing into their internal exchange system. It's not a deeded right like using your week during your size and season during your use year. Westgate has decided that they will charge a fee to allow for these privileges and decided to have one price for retail buyers and another for resale. Unfortunately if you want the weeks you will have to pay the fee. In the future if you can't use the week during the use year you can bank or deposit with an exchange company like interval international or one of the independent companies like Sfx or dae, etc.
I think the interval fee is referring to any future unbanked weeks you can't use. Hopefully you used you 2014 week and didn't bank it with Westgate until 2016 or you will have the same problem when you go to use that week.
Westgate is one of the worst management company when it comes to resale owners. If they ever try to get you to another sales meeting don't forget to mention that you would never buy from a company who tries so hard to make your initial purchase/investment worth so little. Good luck.
And as for the legality of what they do, they basically have the philosophy that if you think it's illegal take them to court but know they are willing to pay thousands and thousands on court and legal fees and will drag it out for as long as possible betting that they will last longer and will offer you trinkets even if they think they can't win.