How to get out of a Westgate timeshare mortgage? Can it truly be done? While widely known for its family-friendly and grand vacation resorts, Westgate timeshare continue to earn the ire of account owners who see their shares as more of a stressful obligation rather than a treat. No wonder results on how to get rid of such accounts continue to spike online these days.
Though getting rid of one can be a tough process, there are actually ways to do it successfully.
Rescission. Every Westgate timeshare contract has a stipulated “cooling-off” period. This is called the rescission period which allows every timeshare owner the legal right to rescind his or her contract with the resort or company. Length of rescission period can vary from state to state, and may also differ from country to country. Westgate being a US-based timeshare entity are bound by the same legal jurisprudence within the country. Dealing directly with the resort company without resorting to third-party entities can be done.
Cancellation. Your Westgate timeshare contract can also be eligible for cancellation via consumer rights violations. While rescission allows you to cancel a verifiable contract within a cooling period, any misrepresentation or when you find undue fraud to have been done with your contract. For example, a sales personnel may promise you that such investment will appreciate in value or can give you extra income when, in fact, it does not. This can be used as a valid reason to cancel your timeshare account. This usually requires the assistance of a legal counsel as you may also request for maintenance fees and remaining mortgage requirements to be waived.
Resell Timeshare. You may also try reselling a Westgate timeshare account via legal resale markets. This can be done via online listings like eBay, Craigslist or even via real estate websites. Some may even use local newspaper classified ads or send out fliers in their locality hoping to find an interested buyer. Be extra vigilant when dealing with a timeshare resale company though. Westgate also offers assistance on this aspect via its Westgate Legacy program subject to certain stipulations.
Deed Transfer. A deed transfer is also a clean-cut way to release yourself of the burden of paying maintenance fees and other fees associated with the contract. You can do so to a family member or colleague. The idea is that the timeshare account must be completely paid off and maintenance fees are up-to-date. You can only transfer a deed or title to another when such stipulations are addressed.
Donate. Donating a Westgate timeshare account can also be donated to any charitable institution. This show of goodwill, however, must first meet certain requirements to be approved upon. For one, the timeshare account must already be paid in full. Additionally, maintenance fees must be up to date and charges for the donation process must also be cleared. Keep in mind that donating your timeshare will still incur the same financial constraints as that of rescinding, canceling, or reselling it.
WestGate Legacy Program
You may also be wondering if Westgate buy back timeshare? While there’s no formal evidence of a buyback program with the resort, its own Westgate Legacy Program offers a comprehensive list of services to assist account owners in their needs. In actuality, it helps contract owners know how to get out of a Westgate timeshare mortgage. This program evaluates a timeshare account and find justifiable transfer or resale scenarios to ensure that exit options are made available for their outstanding members.