Showing posts with label Westgate Timeshare Scam. Show all posts
Showing posts with label Westgate Timeshare Scam. Show all posts

5/10/11

How do you get rid of a Westgate Resorts Timeshare?

When I was on my honeymoon my wife and I thought it would be a good idea to go to a "short presentation" for Westagate resorts for  highly discounted  themepark tickets.  Most people that get dooped into buying a timeshare, find that there is no way out.  When I personally bought a timeshare, then realized it was a huge mistake-it took a lot of investigating to figure out how to get rid of the timeshare burden.  Here are some steps to take that may help:


1) If you have you payments set up on a debit or credit card, they can legally continue to take money off that card.  What you can do is call your bank and request a new card, with a new number.  If the resort has your checking account info-you need to close your account.


2)Prepare for neverending phone calls. You might as well change your number after changing your banking info.  They will call and try to scare you into paying.  99% of the time it is not even a real person-but a robot saying "please call us back" hahaha yeah right!



3)Continue to ignore the calls for a while so they know you are not going to pay them.  I know what you are thinking-but dont worry-they DO NOT report to any form of credit bureau.

4)Once they know you are serious-then you can "get rid of it."  Here is the bad news. Your money is gone.  You will never be able to sell it. Period.  You litterally give it back.  There are agencies that offer to sell it for you.  These companies allow you to post your timeshare for a fee.  Nobody buys a "used" timshare.  If they did companies wouldn't have to trick you into a 3 hour brain washing session to buy a new one.

They way you "give it back" is you ask for a WDIL form (stands for Warrany Deed In Lieu of Foreclosure).  It sounds bad-but is the only option.  They will send you the form, but you must be firm!  Mention that you want a WDIL form or they will hear from a lawyer.  They will send the form (which you must get notarized), and ask for a $250 processing fee. DO NOT PAY IT.  Chances are, you spent enough, and didn't get your money back in the slightest.  Send the form back with no money, and eventually they will process it for free.

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