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Sticky - DRI now accepting deedbacks

Discussion in 'Diamond Resorts International - DRI' started by TUGBrian, Mar 19, 2015.

?

Have you used this information to deed-back your DRI Timeshare?

  1. Yes, DRI took back my DRI TimeShare (or DRI said they will take back my TS)

    92 vote(s)
    93.9%
  2. No, DRI said they would not take back my TimeShare

    6 vote(s)
    6.1%
  1. Quimby4

    Quimby4 TUG Member

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    Did you get a letter from Chicago Title or DRI basically saying the transaction was finalized ?
    I submitted by notarized paperwork and $250 credit card payment on March 4, 2017, 2 weeks ago. Still showing as owner in DRI system.
    I am EOY so I made sure to pay and book my 2017 week then deposit it into II so I could retain the usage I paid for.
    If you paid for 2017, you should still have a week to use, you arent supposed to lose that week.
     
  2. Fairwinds

    Fairwinds TUG Member

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    I'm happy to report that I received a refund of my 2017 maintenance fees. It didn't take long either! They didn't notify me but I see a credit on the charge card I used.
     
    TUGBrian likes this.
  3. TUGBrian

    TUGBrian Administrator

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    always nice to be pleasantly surprised by a developer!
     
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  4. tstora

    tstora Guest

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    Yay, I tried logging into my account and received the message, "We have no active membership or ownership for the credentials you supplied."

    Updated timeline:
    9/2/16 - Initial e-mail request.
    9/20/16 - Request approved.
    11/29/16 - Paperwork received.
    3/21/17 - Account closed.

    I could have finished sooner, but there was a mix-up with the paperwork. The notary public told me it wasn't necessary to have witnesses, and while it may be true in my state, apparently it's not wherever they handle they title for my timeshare, so they sent the paperwork back to me in February. I got the witness signatures and sent the paperwork back, and thankfully everything worked out.

    As for the refund, may I ask who everyone contacted to receive theirs?
     
  5. Fairwinds

    Fairwinds TUG Member

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    Simply call the loss mitigation dept. at 1-877-497-7521. They will submit the request for you through the applicable department. My refund showed up as a credit on my charge card monthly statement and was from the resort HOA. So I guess diamond pays them and they pay you??? Anyways, it was quick and easy. For all the sales horror stories (I believe them but never experienced) and the high maintenance fee issues (one reason I left) I must say that they were very professional, polite and efficient throughout this process. Every thing they told me would happen did, including the time line.
     
  6. Michelle Sandhu

    Michelle Sandhu Guest

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    Resorts Owned:
    Monarch Diamond
    Does anyone here own Diamond which took over Monarch? We too requested to return our ownership which we have owned for over 24 years. I just received this email from their mitigation department.

    "Dear Michelle Sandhu,

    Thank you for your correspondence. Please be advised that neither the
    management company, nor the developer, are taking back ownership within the
    Association.

    You may sell your ownership; however, we want to caution you not to work with
    any third party that requests an upfront payment of any kind. When you locate
    a buyer privately or through a third party, the management company will be
    happy to assist you with completing the transfer of ownership. Please note
    that prior to transferring ownership, any loan repayment obligations must be
    satisfied, as well as any fees owed to the Association.

    Kind regards,

    Shelia"

    It is no surprise to me that they lie and say they have no such program for returning ownership or points. Just wondering if anybody was with Diamond Monarch and was able to get out of their contract ....

    We just received another email from their loss mitigation department. I'm rather confused as they stated they had no relinquish program...

    "Dear Michelle Sandhu,

    Please be advised that to relinquish your account you have to qualify. Your
    loan must be paid in full and your maintenance fees must be at a zero balance,
    you have a $439.40 balance.

    Kind regards,

    Shelia"
     
    Last edited: Mar 28, 2017 at 2:10 PM
  7. Quimby4

    Quimby4 TUG Member

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    I was Monarch Grand deeded owner, not points. Then moved over to Diamond Resorts, still deeded not points.
    In process for deedback to Diamond.
    Waiting for it to finalize.

    Are you a points owner ? Is that what she is referring to as Association?
     
  8. TUGBrian

    TUGBrian Administrator

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    yes, its been reported in the thread that monarch owners are the only ones sofar who have been turned down when trying to deed their intervals back under this program.
     
  9. Bill4728

    Bill4728 Moderator

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    Sorry Brian BUT that is not true

    I was a MGV points owner who was able to give back my pts

    I do not know why the other MGV owners may have had their requests refused but in general DRI is taking back MGV ownerships
     
  10. TUGBrian

    TUGBrian Administrator

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    while you may certainly have been able to give them back, consistently the only "refusals" ive seen reported were from MGV owners. (including this most recent one)
     
  11. raffa

    raffa Guest

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    Resorts Owned:
    dri european collection
    All members of DRI collection are able to obtain the deedback?
     
  12. TUGBrian

    TUGBrian Administrator

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    we suggest sending an email to the appropriate emails listed in the first post to inquire directly if you will be accepted or not.
     

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