trying to get out of time share DRI Diamond Resorts

[t.roussell Junior Member Find all posts View Profile Close t.roussell]

I purchased time share 2008, monarch grand,now diamond resort I want out spoke with consumer advocates they claim they can get me out of my time share for 3,999.I do not want to be a fool for a second time , has any one used them.?

[Luanne Senior Member Find all posts View Profile Close Luanne]

Number one rule is to never pay anyone to sell your timeshare.

Is your timeshare paid off?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Way too much cost. Try giving it away, or see if Diamond has a deed back program. If you still can't get rid of it, pay someone a smaller amount to take it from you. If you were to pay that $ 4k, there's no guarantee that they will actually remove your obligation.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

I purchased time share 2008, monarch grand,now diamond resort I want out spoke with consumer advocates they claim they can get me out of my time share for 3,999.I do not want to be a fool for a second time , has any one used them.?

This is almost 100% a scam. Do not give anyone a fee such as $2000, $3000, $4000 to "get you out" of your timeshare.

I have read this information on another Timeshare board. Why not give it a try.

The financial dept apparently Voluntary Surrender Program:

In order to qualify, the HOA must be up-to-date and the owner must have a zero balance on the loan.

To start this process, the owner must send an email to: lossmitigation@diamondresorts.com with the subject line stating: Inventory Takeback.

In the email itself the owner must include:
-Resort Name
-Owner(s) Name(s)
-Account Number
-Inventory owned (ie. weeks, points, etc)
-any other important information regarding the deed

within 7-10 business days, the Diamond Resorts will send an action required correspondence, where the owner will have 15 days to return.

Note: the owner is responsible for any fees associated with the paper work, such as notary, postage etc.

And here is one owners experience.

This was MGV 327 points/9800 DRI points, annual maintenance fees of $1700, possible Cabo repairs surcharge looming. My wife and I have been trying for years to give it away.
April 23 -- read this thread and sent email into DRI Inventory to request cancellation. Told them I cannot use the timeshare any longer and cannot afford the ongoing maintenance and HOA fees.
April 23 -- got automated response confirming my request
April 26 -- got email with confirmation from a real person, and said they would send me a Mutual Release Agreement for me to complete and notarize.
May 2 - received and completed MRA and returned with check for $250.
May 7 - spoke by phone with DRI and confirmed they had documents in hand, and was told all accounts are settled at end of month.
May 29 -- bank shows check was cashed.
June 1 -- my login at Monarch Grand/DRI owners page returns error message "We have no active membership or ownership for the credentials you supplied" :whoopie: DRI confirmed by email our ownership is cancelled, no future invoices will be coming

I suggest you read thru this LONG thread and Then contact Diamond as suggested.
Let us know how you make out.

http://www.tugbbs.com/forums/showthr...66#post1764566

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I guess if some shout loud enough long enough, someone in the industry hears.

That's encouraging, and can go a long way to polish the tarnish on timesharing. I think a lot more would be open to the concept if they knew it wasn't a trap.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Exit strategies are now mandated by the European version of ARDA. Some USA HOA and resort groups are also waking up to the fact that it's easier to take a deed back than it is to lose money trying to collect from those who can no longer afford their timeshare. It also gives them more control over their inventory of units.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Exit strategies are now mandated by the European version of ARDA.

Someone said that somewhere recently.

Thanks for sharing.

Even RCI recognizes that small step for mankind:

http://www.rciventures.com/rdo-stren...exit-strategy/

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Someone said that somewhere recently.

Thanks for sharing.

Even RCI recognizes that small step for mankind:

http://www.rciventures.com/rdo-stren...exit-strategy/

"RDO’s new requirements, recently approved by the Board, go over and above those covered by law and, in addition to it now being mandatory for RDO resort members to have an overall exit programme in place, the following specific new elements have been adopted (although in the case of some members and their clubs such practices have been in place already for a number of years):
◾In the event of the death of a joint owner, the surviving owner can surrender their timeshare if they wish and additionally, the beneficiaries of a will are not obliged to take on the timeshare if they do not wish to do so.*
◾A timeshare owner who has been declared bankrupt may hand back the timeshare without charge.*
◾If a sole owner or either of the joint owners is suffering from a long-term illness that prevents them from travelling to their resort for the foreseeable future, the timeshare interest may be surrendered.*
◾In all other cases, an owner may surrender their timeshare interest at any time, subject to the agreement of the RDO member. In such cases any surrender fee shall not exceed a sum equivalent to three years current maintenance fees."

[t.roussell Junior Member Find all posts View Profile Close t.roussell]

Thank you so very much I am on it.

[t.roussell Junior Member Find all posts View Profile Close t.roussell]

Thank you so very much , a retired 86 year old vet.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Thank you so very much , a retired 86 year old vet.

There will be a reason why one day every timeshare owner will not want it any more, and that's as good as any.

[Ashlee77 Junior Member Find all posts View Profile Close Ashlee77]

This is almost 100% a scam. Do not give anyone a fee such as $2000, $3000, $4000 to "get you out" of your timeshare.

I have read this information on another Timeshare board. Why not give it a try.



And here is one owners experience.



I suggest you read thru this LONG thread and Then contact Diamond as suggested.
Let us know how you make out.

http://www.tugbbs.com/forums/showthr...66#post1764566

Thanks for that great information. There was a guy calling me a year or so ago wanted me to pay $1800 for them to sell my timeshare. Sounded like a bunch of junk. Asked him a bunch of questions and he just couldnt answer them properly. They were definitely just some scam company trying to get me. So always be careful for sure!

[johnsorg Member Find all posts View Profile Close johnsorg]

I guess got rid of mine through Diamond Resorts voluntary surrender program. These are the steps necessary to get rid of your points or deeded property with Diamond. First you need to email your request to LossMitigation@diamondresorts.com. In your request put your account number and contact information and a simply reason why you want to give up your timeshare. You should get a return email in a few days saying you are in their system and will be contacted in 1-2 days. I was never contacted but just received forms in the mail for each contract. The forms have to be notarized and returned to Diamond. The cost for each contract is $250. I had upgraded my membership through the years and what I thought was one big contract turned out to be four, so I ended up paying $1000., but it was worth it. The whole process took a total of 90 days and I am free and clear now of Diamond.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I guess got rid of mine through Diamond Resorts voluntary surrender program. These are the steps necessary to get rid of your points or deeded property with Diamond. First you need to email your request to LossMitigation@diamondresorts.com. In your request put your account number and contact information and a simply reason why you want to give up your timeshare. You should get a return email in a few days saying you are in their system and will be contacted in 1-2 days. I was never contacted but just received forms in the mail for each contract. The forms have to be notarized and returned to Diamond. The cost for each contract is $250. I had upgraded my membership through the years and what I thought was one big contract turned out to be four, so I ended up paying $1000., but it was worth it. The whole process took a total of 90 days and I am free and clear now of Diamond.

That's good to hear.

Even the most vocal concerning the whole lack-of-exit-strategy mess would not mind paying a fair and reasonable amount to the resort or resort system to exit.

After all, the current people trying to run the resort or system are having to deal with the shortcomings of those before them, too. Some are doing well at it; some aren't.

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

Exit strategies are now mandated by the European version of ARDA. Some USA HOA and resort groups are also waking up to the fact that it's easier to take a deed back than it is to lose money trying to collect from those who can no longer afford their timeshare. It also gives them more control over their inventory of units.

OTE is even more slimy than ARDA, and their ''mandate'' has some significant outs for developers.

That said, the granddaddy of all timeshare, the Swiss chain Hapimag, which developed the world's first timeshare, has always had an exit program, where they pay the member to buy their week back. The member must have owned for a minimum number of years, and the buyback price is a set percentage of the current developer list price. You do not even have to give a reason for wanting to sell back. There is at least one independent resort in the UK that also has a developer buyback provision that is honored, and a number of HOA-run resorts, including one I owned at, that accepted deedbacks readily. None of these are OTE members.