[ 2013 ] Urgent help required is westgate buy back offer a scam or genuine

Deeding back to Westgate today

Hello all- I am a real estate agent by trade for 28 years, and bought a Westgate Timeshare for 10 grand about 14 years ago, and it seems like we have been trying to get rid of it for about 12.

Anyway, today (after paying $1100), we signed a quit claim deed back to Westgate. We had to pre-pay before they would send anything, and while I don't trust Westgate as far as I can throw up, I put the amount on our credit card knowing I could at least use them to fight with Westgate if it was a scam. All went well- they did send us the documents.

I can tell you the documents are legitimate, quit claim deeds, and they are to be filed in the county court house where our unit is located. (Cant think of the county name)

We have spoken to Iris who is mentioned in this thread, and others in that department, and they are all helpful, and used to processing these things.

Before sending the documents back, I called one more time just to make sure I was not going to get nicked with another fee, and they assured me we are not, and we are in fact done.

Knowing their past, I have been wondering why for only $1,100 they are now doing this. Here is my theory:

My area of Westgate Vacation Villas is the old portion, which is still around the best pools, close to the main building, etc. In real estate the oldest mantra is "Location, location, location", so I am assuming they are getting enough people like myself to sell back (sorry to pay), and they will use those units as rentals until they get enough deeds back to make the move to tear all the old units down and build the 5+story buildings that can house many more units. My thought process is that once they reach a certain percentage of ownership, they can do what they want with the buildings and just give the owners that are left a unit in the new building on their week if it is fixed. After that is accomplished, they will probably not buy any units back, and it will be good ol' FU from segal and company. So if you want to pay to have them buy you back you should get it done now!

Anyway, I will update to this thread if all goes as planned, but to be honest- I THINK I AM FINALLY DONE WITH SEGAL AND HIS CREW!

Too bad I gave so much money to the self-anointed "King" of his worlds largest house! (No kidding he has a throne!)

I don't fault your above-stated logic or reasoning, but it might just be as simple as Westgate realizing and acting upon the fact that they can actually sell and resell --- again and again --- the very same units / weeks to multiple suckers buyers --- over and over again --- without any new construction or capital outlay whatsoever.
Collecting a gratuitous $1K to take their worthless "product" back (...to then sell it over and over again to others) ain't a bad business model either, financially speaking.

In any case, preliminary congratulations on permanently parting company with Mr. Sea Gull --- once that QCD is officially recorded in a new name which is not yours.