Westgate Resort Trying to cancel contract Orlando Florida

We also used to own a Westgate Timeshare in sunny Florida. We used it every other year but was not happy with it, so we wanted to get rid of it.

We tried selling it, renting it on our years and trying to give it back. Nothing worked at first until one day we called Westgate Headquarters and said we wanted to give back our time share with no strings attached.

They faxed over a document that put the property back in their name and we signed it. They made out because they were able to keep our money and resale the unit. We also made out a bit because it did not affect our credit.

So, I would say call Westgate Headquarters and let them know you want to give it back to them and they will be glad to take it back. I don't believe they will pay you for it but you can try.

I don't have the info anymore because it was years ago when we gave it back.

Hope this helps

Consider timeshare at Westgate like a mortgage. It is deeded property. You signed the contract and cannot just give it back to them unless they agree to take it back in lieu of foreclosure. Probably the only way to get out of the mess is to sell it (which isn't exactly easy these days).

As for refinancing, you can refinance it, but you have to qualify for a personal loan. It's kind of weird because even though it is considered real estate, you cannot get a conventional mortgage.

Here is something you may not know. I believe you can deduct the interest and taxes you pay on your Westgate timeshare as you would a 2nd home, as an itemized deduction, because it is deeded property (as long as you don't own a 2nd home that you already deduct). You need to ask an accountant. I have been told that, but I'm not exactly sure.