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Foreclosure... (by KC):

johnh2286 wrote:

My parents bought a timeshare a long time ago from westgate and they have since paid off the loan but stopped paying the maintenance and fees. They have received mail from westgate stating they will foreclose on the property. My question is if and when upon foreclosure will the deed finally be null and void? Will they continue to harass my parents afterwards since it was a contract? My fear is that upon foreclosure they continue to send mail regarding the timeshare to pay for fees even though it has been foreclosed since it is a contract. Confused to know whether if going through this process will they outright finally be out of the contract, or continue to try to collect future "debts" (maintenance feeds etc) on the contract?

Foreclosure is a procedure in which Westgate will "recover" legal ownership (either through the courts or through non-judicial foreclosure proceedings, depending on the state).

The existing deed will cease to be valid once the legal ownership is "retrieved" by Westgate. Don't worry; there will be no future billing of maintenance fees (or likely any other correspondence) once the foreclosure process is complete. There might be some "collection calls" until then, however.

In theory, Westgate could pursue legal action to collect previous unpaid fees; the truth is that it's simply not worth the time, bother or expense for them to do so. Once foreclosure is completed, it's "game over". Once Westgate recovers the ownership, they will simply peddle the product to some other "lucky" individual(s) who will inevitably later regret their decision to buy into Westgate.