Irene Parker, has once again sent in an article with references to what in the US are important talking points. In this piece Irene gives her own experiences of a timeshare presentation, she also highlights the plight of an 81 year old doing battle with Westgate, this was even highlighted in the UK press by the Daily Mail. (see link daily mail)
We have once before mentioned the owner and wife of Westgate and the house they are building, which defies all imagination. This has also been featured on television and was called “The Queen of Versailles”. (Link below)
US Link (copy and paste into browser)
The Peasant of Venice is what Irene calls herself in relation to Jackie Siegel, she is a tireless campaigner for the rights of owners and a prolific writer come researcher, contributing many articles,comments and information to Inside Timeshare. Hope you enjoy the first of her Peasant of Venice articles.
The Peasant of Venice and the Queen of Versailles
By Irene Parker
November 6, 2016
I have been longing for a reason to write an article with this title. I wanted to explain how I went from being a 25 plus year timeshare owner without a complaint, question or post; to being the other half of an international timeshare investigative journalism team.
This link pictures the home of an 81 year old protestor refusing to sell her home to Westgate timeshare. As mentioned in the story, the home was featured in the Disney promotion for the movie Up. Please pay no attention to the transfer agent advertisement. The lack of a secondary market breeds predators.
This next link features the flip side of the story – Westgate owners, Jackie and David Siegel’s 90,000 square foot home featuring 30 bathrooms and a 20 car garage.
Westgate timeshare is a fixed week timeshare predominantly in Florida. Like most timeshares, Westgate timeshares have little or no resale value.
I asked licensed timeshare resale broker Judi Kozlowski how Westgate’s secondary market stacks up. “Westgate has destroyed the resale market for Westgate owners. When a resale broker sells a Westgate unit, the Broker is entitled to 100% of their commission. In the fine print of Westgate’s documents it states that Florida Ranchlands Real Estate gets 50% of the Brokers commission. No other Developer does that. Few licensed real estate brokers will list Westgate properties.” LIKE MOST TIMESHARES, Westgate has little or no secondary market.
“Westgate also changes the rules,” Judi added, “If you buy a Westgate property on the resale market, and you purchased after a certain date and your reservation window was one year, they condensed it to 60 days. If you buy a Westgate on the resale market and you wanted to exchange your unit within your home resort, you would normally pay a $139 exchange fee but if you bought resale you would pay the $139.00 plus $500.00.”
But back to the peasant and the Queen: