Westgate Lakes Resort and Spa RYS
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Westgate Lakes Resort and Spa
FREE — 3BR Lock-Off, EOY Odd, Clear Title, Seller Pays All Closing
Price: $0.00. Free to a good owner.Resort: Westgate Lakes Resort and Spa, Westgate Lakes III, 10000 Turkey Lake Road, Orlando, FloridaUnit: Building 500, Unit 548, 3-bedroom standard lock-offInterest: one-half timeshare interest, deededUsage: biennial, ODD years only. Next use year is 2027.Season: Peak (All) Season, float week and float unit, deeded Week 27Deed: recorded Orange County, Florida, Book 9791, Page 6265. Parcel 02-24-28-0000-00011. Phase III Declaration recorded at Book 5391, Page 3172.Maintenance fee: $1,836.00, billed only in ODD use years. There is no maintenance fee in even-numbered years. Confirmed with Westgate Owner Services.Exchange: membership is optional and elective under the original contract. Confirm current affiliation with Westgate.CLEAR TITLE, VERIFIED: The original purchase money mortgage was paid in full, and Westgate Lakes LLC recorded a Satisfaction of Mortgage on January 8, 2019, document number 20190016936. It specifically releases the mortgage at Book 9791, Page 6265 for Unit 548, Week 27, ODD year. No liens, no judgments, and no encumbrances appear in an 18-year Orange County records search. Westgate's own account record shows mortgage balance $0.00, account status Cashout, deed status Deeded. I have the recorded satisfaction and will provide a copy to you and to the closing company up front. Verify it yourself at the Orange County Comptroller's Official Records site before you commit to anything.WHAT I COVER: 100% of closing costs, title company fees, recording fees, the $150 Westgate Resort Transfer Fee, and the 2027 maintenance fee. You pay nothing. Not at signing, not at closing, and not for your first use year.WHAT YOU ARE TAKING ON: The maintenance fee obligation transfers with the deed. It is $1,836.00, billed only in odd-numbered use years, with no bill in even years. That works out to $1,836 per week of use in a 3-bedroom lock-off. That is the real cost of this ownership and the reason the price is zero. I would rather you decide with clear eyes than back out at closing.LOCK-OFF: This is a 3-bedroom standard lock-off, meaning the unit divides into two independently accessible units. In a use year that can give you two separate stays, or more than one deposit depending on current exchange rules. Confirm current deposit policy with your exchange company, since those rules change.FLOAT WEEK: The deeded week is 27, but ownership is Peak (All) Season float week and float unit, so reservations are made within the season subject to availability rather than locked to a fixed week. Book early.SELLING ON BEHALF OF THE OWNER: I am the grandson of the deeded owner and am handling this sale for him. A power of attorney is being put in place so I can sign on his behalf. The closing company is aware and this is a routine part of the transfer.RIGHT OF FIRST REFUSAL: Westgate holds ROFR on most contracts. Once we sign a purchase agreement it goes to Westgate Developer Services for review before the deed can transfer, and Westgate may elect to step in on identical terms. You would lose nothing but the unit. Budget about 90 days start to finish.CLOSING: LT Transfers, an independent closing company, handles the deed preparation, recording in Orange County, and the ROFR submission to Westgate. I will provide their contact details so you can verify them before sending any paperwork.I am selling directly. No broker, no upfront-fee service, no exit company. Ask me anything.
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