As a fully paid Westgate timeshare owner, you can escape annual expenses and commitments. This blog guides you to timeshare independence through cost-effective cancellation.
Who is Westgate?
To comprehend the allure of Westgate Resorts and their sales and marketing tactics, it’s essential to take a step back and delve into their history. In 2012, filmmaker Lauren Greenfield unveiled a documentary, “The Queen of Versailles,” which offered a revealing look into the lives of David Siegel, the founder of Westgate Resorts, his wife Jackie Siegel, and their ambitious endeavor to construct a sprawling 90,000 square foot mansion – the Versailles House, fashioned after the iconic French original.
However, what’s particularly intriguing for our exploration is the glimpse the documentary provides into David Siegel’s financial struggles during that period. A significant focal point of the film revolves around his endeavors to secure funding for Westgate’s Las Vegas high-rise resort, the PH Towers Westgate. The documentary sheds light on David Siegel’s tenacity to hold onto the PH Tower, which ultimately played a pivotal role in the company’s financial challenges between 2009 and 2011.
Adding to the complexity of the situation, David Siegel’s son, Richard, a senior Westgate executive, voiced that his father’s determination not to relinquish control of the PH Tower was a major contributor to the company’s financial woes during those turbulent years. This intricately woven narrative gives us valuable insights into how Westgate Resorts operates internally and suggests that they might go to great lengths to retain control of properties, which could potentially impact consumers who are drawn into their timeshare offerings.
Why Westgate Resort Timeshare Owners Seek Cancellation
For Westgate Resorts timeshare owners, the dream of idyllic vacations can sometimes turn into a financial burden that feels impossible to escape. While the allure of themed resorts, water parks, and enticing amenities initially captivates buyers, many find themselves grappling with the decision to cancel their timeshare contracts. The reasons behind this desire for freedom from Westgate timeshares can be multifaceted and often stem from various factors:
Financial Strain: Financial strain is one of the primary motivators driving Westgate timeshare owners to seek cancellation, as they face annual maintenance fees, taxes, and other hidden costs. What may have seemed like a good deal during the initial sales pitch can quickly become a financial burden.
Limited Usage: Despite the promise of flexibility and vacation opportunities, some Westgate owners find that their schedules or preferences no longer align with timeshare usage. This can lead to frustration and a desire to seek more flexible vacation options.
Changing Circumstances: Life is unpredictable, and circumstances change. Owners may face job loss, health issues, or other unexpected challenges that make the financial commitment of a timeshare impractical.
High-Pressure Sales Tactics: Some Westgate owners express regret over succumbing to high-pressure sales tactics during the initial purchase. The allure of incentives and discounts can sometimes cloud judgment, leading to later regrets.
Limited Availability: Finding available dates and destinations that align with personal preferences can be challenging for timeshare owners. This frustration can lead to a desire to cancel and regain control over vacation planning.
Maintenance and Quality Concerns: Over time, maintenance and quality issues may arise at Westgate Resorts properties, impacting the overall experience. This can leave owners dissatisfied and seeking an exit strategy.
The Westgate Legacy Program: Preserving Your Timeshare for Heirs
The Westgate Legacy Program exclusively tailors itself to timeshare owners who aspire to pass down their cherished vacation properties to their heirs or beneficiaries. This program does not cater to those seeking immediate cancellation of their timeshares.
To be eligible for this program, owners must meet specific criteria, including having fully paid-off timeshares and staying up-to-date on maintenance fees. Owners interested in participating in the Legacy Program must designate their chosen heirs or beneficiaries and outline their intentions in legally binding documents, such as wills or trusts. Following the owner’s passing, the designated heirs can initiate the transfer process by contacting Westgate Resorts, who will guide them through the necessary documentation and steps.
While ownership transfer fees may be applicable, their specific amounts can vary and should be subject to thorough review. Once the timeshare is passed down, the heirs assume all ownership responsibilities, which include maintenance fees, taxes, and other associated costs. The Westgate Legacy Program ensures that your timeshare’s legacy remains within your family for generations to enjoy the pleasures of vacationing.
Please note that this program is distinct from timeshare cancellation options.
How to Cancel Your Westgate Timeshare: A Step-by-Step Guide
Canceling your Westgate timeshare is a significant decision, and when done correctly, it can liberate you from the financial and contractual constraints of ownership. Here, we’ll walk you through a comprehensive step-by-step process to ensure a smooth and efficient timeshare cancellation. Remember, before proceeding, ensure that you have cleared all outstanding fees and that there are no mortgages attached to your timeshare. To proceed with the cancellation process, you must settle any remaining financial obligations.
Contact the Resort:
Reach out to Westgate Resorts to obtain the correct mailing address for sending your cancellation request. It’s essential to communicate directly with the resort to ensure your request is properly directed.
Prepare a Certified Letter:
Draft a formal cancellation letter addressed to Westgate Resorts. In your letter, include the following: Your full name and contact information. Your Westgate timeshare ownership details (membership or account number). A clear statement expressing your intent to cancel the timeshare contract. Reference to the date of purchase and the specific timeshare property. Attach any supporting documentation, such as proof of payment and copies of your timeshare contract.
Include a Quitclaim Deed:
A quitclaim deed is a legal document used to transfer your ownership interest in the timeshare back to Westgate Resorts.
Send Certified Letters:
Send the certified cancellation letter and the quitclaim deed via certified mail with a return receipt requested. This ensures that you have proof of delivery and receipt by Westgate Resorts.
Notify Credit Reporting Agencies:
To protect your credit and ensure that your timeshare cancellation is reflected accurately on your credit report, notify the three major credit reporting agencies (Equifax, Experian, and TransUnion) of your cancellation. Include copies of your cancellation letter and any correspondence with Westgate Resorts.
Monitor Your Credit:
Keep a close eye on your credit report to ensure it accurately reflects the cancellation and does not have any lingering issues impacting your credit score. By diligently following these steps and seeking legal advice if needed, you can take control of your Westgate timeshare cancellation process. Maintain clear communication with the resort, document all correspondence, and ensure your credit report is updated accordingly.
Remember that the success of your timeshare cancellation largely depends on adherence to these steps and thorough documentation.
Enroll in the Timeshare Cancellation Mastery Course: Your Path to Freedom
The Timeshare Cancellation Mastery Course, led by Wayne C. Robinson, a seasoned former timeshare executive and licensed real estate agent, offers step-by-step guidance in canceling your timeshare. With 15 years of experience in the North American timeshare industry, Wayne provides invaluable insights.
Wayne C. Robinson is not just an instructor but a former timeshare insider who understands the industry’s nuances. He is the author of the book, Everything About Timeshares, which has become the best guide to timeshares. Robinson has successfully helped numerous families cancel their unwanted timeshares, and he’s ready to share his knowledge with others.
Click here to learn more about timeshare cancellation courses.
The course covers every aspect of the timeshare cancellation process, leaving no stone unturned. You’ll receive in-depth information and practical tips to navigate the complexities of canceling your timeshare. The course is entirely online and self-paced, allowing you to learn at your convenience and progress at your own speed.
The course is also designed to be affordable, making it a cost-effective alternative to hiring expensive timeshare cancellation services. Students learn proven strategies and negotiation techniques to cancel their timeshares obligations.
The course includes comprehensive course materials to equip students with the knowledge and confidence needed to break free from their timeshare obligations.
Click here to learn more about timeshare cancellation courses.
Achieving timeshare freedom is attainable. Whether you opt for the Westgate Legacy Program or the cancellation process, informed decisions and proactive steps will guide your path. We trust this guide empowers you to make choices that align with your goals, ensuring vacations on your terms. Here’s to a future with liberated vacation planning and financial flexibility!