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Re: Re: Re: Re: Maintenance Fee went to collections (by Wayne R.):

Untrue. Lawyers are hired by West gate to scare people. Westgate is not going to use up their funds to take thousands of unhappy owners to court. You DO NOT need permission from the company to deed it back to the resort. You can learn how to deed it back on your own with a simple quitclaim deed or surrender deed. They know this. Just do an online search for timeshare cancellation courses. They will guide you through the entire process and will explain why you can legally cancel. People are cancelling everyday without hiring anyone to do it for them.

ken1193 wrote:

petulap4 wrote:

So what can we do in a case like this, there must be a some kind of loophole.

Rest assured that there are no “loopholes”; slimy Wastegate has very capable lawyers and you voluntary signed a valid contract. There are no "easy exits".

No developer or resort is ever actually obligated to accept a “deedback”. If they do offer a deedback option, they have the right to charge money for doing so, despite it obviously being greedy to demand that people pay serious money to return something they already bought for serious money. That's just plain greedy --- but it is unfortunately also legal.

The fact that you have citied a currency other than dollars (in a separate post here) suggests that you are somewhere outside of the U.S. If so, Wastegate is certainly not going to bother with you further, beyond some temporary (and completely toothless) collection efforts, if you should decide to pay them absolutely nothing more and just let them go right ahead foreclose at some point — which they inevitably will.