Best way to get rid of a Diamond timeshare

[oneely]

I recently attended a timeshare presentation at Puebla Bonito Resort in Cabo San Lucas. We told the sales manager we didn't want to buy but were interested in getting rid of our Diamond Resort timeshare points. He said that for less than $1,000 dollars they would have a Company Called Timeshare Exchange Services in Canada, release me from ownership and future maintenance fees. I have looked up TES in many forums and found there are two other companies with the same name in the US. One is in Huntington Beach California and the other is in Levittown PA. The California location has horrible ratings and the Levittown location has mixed ratings. i cannot find any ratings for the Montreal Canada location. Can anyone help me, Are these all the same company operating in different locations or are they different. Are there any ratings for the Canadian Company>

 

[Grammarhero]

Scam. Try Diamond Transitions.
https://www.diamondresorts.com/transitions

 

[clifffaith]

If your timeshare is paid off and maintenance fees up to date, Diamond will take your retail purchased contracts back -- your cost is $1000 per contract. See the Transitions button in the left column when you log into your account.

 

[TheTimeTraveler]

I recently attended a timeshare presentation at Puebla Bonito Resort in Cabo San Lucas. We told the sales manager we didn't want to buy but were interested in getting rid of our Diamond Resort timeshare points. He said that for less than $1,000 dollars they would have a Company Called Timeshare Exchange Services in Canada, release me from ownership and future maintenance fees. I have looked up TES in many forums and found there are two other companies with the same name in the US. One is in Huntington Beach California and the other is in Levittown PA. The California location has horrible ratings and the Levittown location has mixed ratings. i cannot find any ratings for the Montreal Canada location. Can anyone help me, Are these all the same company operating in different locations or are they different. Are there any ratings for the Canadian Company>

Tread VERY carefully. This could be a scam designed to look legitimate....




.

 

[geist1223]

I have heard these types of offers in Mexico at many timeshare sales. The odds are you will end up with two timeshares - the new one you just bought and the old one that was suppose to go away.

 

[TUGBrian]

yep, these "trade in" schemes never ever work out for owners.

 

[Tony Semifero]

I bought my unit on Ebay. I was at least the 3rd owner out. I submitted my unit for relinquishing. They contacted me about 4 days later and said thet had accepted my unit. $1000. No additional maintenance fees. No next year's fees as has been stated here on TUG forum. I'm waiting for paperwork to come in the mail. Happy to pay $1000 to be done with this one. It's just too expensive for what we get there unfortunately.

That said I wasn't unhappy with the DRI product... just didn't feel it was worth the almost $1200 maintenance fee up from $900 when I bought it about 10 years ago.


This program is direct through Diamond Resorts. Log in the owner portal. There's a link on the home page. So it's not an outside company. I have verified by calling DRI directly.

I'll update when the deal is done or if it doesn't go well.

Good luck!

 

[clifffaith]

I bought my unit on Ebay. I was at least the 3rd owner out. I submitted my unit for relinquishing. They contacted me about 4 days later and said thet had accepted my unit. $1000. No additional maintenance fees. No next year's fees as has been stated here on TUG forum. I'm waiting for paperwork to come in the mail. Happy to pay $1000 to be done with this one. It's just too expensive for what we get there unfortunately.

That said I wasn't unhappy with the DRI product... just didn't feel it was worth the almost $1200 maintenance fee up from $900 when I bought it about 10 years ago.


This program is direct through Diamond Resorts. Log in the owner portal. There's a link on the home page. So it's not an outside company. I have verified by calling DRI directly.

I'll update when the deal is done or if it doesn't go well.

Good luck!

Good to hear they are taking resale purchases back, although it sounds like you had a fixed week, rather than points?

 

[nrosario79]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

 

[Grammarhero]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

Look in the paperwork for the rescission instructions. Both you and your wife must sign the rescission letter. Send certified mail. How much would rescission save you?

 

[CalGalTraveler]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

Welcome to TUG. You only have a few days or you are stuck so have both buyers sign a letter of rescission per the instructions in the contract. Mail with tracking to the address indicated on the contract so you can track and have evidence of the date mailed. Do not call the sales rep or sales office they will try to talk you out of it or worse delay a response so you get past your rescission date.

Rescind now.

 

[R.J.C.]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

If I remember correctly, in Florida, you have 7 calendar days to rescind a timeshare purchase but it depends on where you made the purchase, not where you live.

 

[pedro47]

Never buy one or never attend one of their sales presentation.

 

[Tony Semifero]

Good to hear they are taking resale purchases back, although it sounds like you had a fixed week, rather than points?

Correct. I own a fixed week.

For $1000 still on being done... they just requested extra information (marital status, legal names etc) paperwork supposed to arrive soon.

Will update again on process and/or any glitches

 

[Grammarhero]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

@nrosario79
We hope that your rescission went well enjoying life without the financial burden of a developer/resort TS. Solely to track how much TS owners have saved, mind sharing how much you saved with rescission? As half of all tuggers initially bought developer/resort TS, there is no shaming.

 

[janej]

I also tried transition and was told they don't take resale weeks. Here is one of the condition:

You must have purchased your vacation ownership directly from Diamond Resorts or from a predecessor whose developer rights were acquired by Diamond Resorts. Members and owners who have inherited or been gifted a vacation ownership from family will qualify if their family members would have qualified.

 

[chapjim]

I bought my unit on Ebay. I was at least the 3rd owner out. I submitted my unit for relinquishing. They contacted me about 4 days later and said thet had accepted my unit. $1000. No additional maintenance fees. No next year's fees as has been stated here on TUG forum. I'm waiting for paperwork to come in the mail. Happy to pay $1000 to be done with this one. It's just too expensive for what we get there unfortunately.

That said I wasn't unhappy with the DRI product... just didn't feel it was worth the almost $1200 maintenance fee up from $900 when I bought it about 10 years ago.


This program is direct through Diamond Resorts. Log in the owner portal. There's a link on the home page. So it's not an outside company. I have verified by calling DRI directly.

I'll update when the deal is done or if it doesn't go well.

Good luck!

Interesting. The DRI website says Transitions is good only for contracts purchased from DRI (with a few relaxations).

 

[Grammarhero]

Hello everyone,

New member here.
My wife and I converted from a Diamond sampler to a full membership.
But due to marriage issues we decided to get rid of the membership.
We signed the contract two days ago, how can we cancel this.
We live in Florida and I know there is a buyers remorse rule

Please help.

@nrosario79
We hope that your rescission went well and enjoying life without the financial burden of a developer/resort TS. Solely to track how much TS owners have saved, mind sharing how much you saved with rescission? As half of all tuggers initially bought developer/resort TS, there is no shaming.

 

[nrosario79]

@nrosario79
We hope that your rescission went well and enjoying life without the financial burden of a developer/resort TS. Solely to track how much TS owners have saved, mind sharing how much you saved with rescission? As half of all tuggers initially bought developer/resort TS, there is no shaming.

Sorry it took me this long to reply back.
We where able to send the letter following the exact instructions located in their payper work.
It took them sometime before receiving all the initial moneys we paid, but is all done now.
Neve again I will get into a timeshare deal/situation.

Thank you for your help.

 

[pedro47]

Sorry it took me this long to reply back.
We where able to send the letter following the exact instructions located in their payper work.
It took them sometime before receiving all the initial moneys we paid, but is all done now.
Neve again I will get into a timeshare deal/situation.

Thank you for your help.

Thank for your follow up post, I am glad you are free and out of your contract

 

[Grammarhero]

Sorry it took me this long to reply back.
We where able to send the letter following the exact instructions located in their payper work.
It took them sometime before receiving all the initial moneys we paid, but is all done now.
Neve again I will get into a timeshare deal/situation.

Thank you for your help.

Thanks for letting us know. What was purchase price of your TS?

 

[stars4sky]

Thanks for letting us know. What was purchase price of your TS?

I just bought my 2nd timeshare Monday June 8th through DRI, which I think was way misrepresented after reading fine print and now I want to rescind. How long is the rescission process after sending the letter and I don’t have that fax number only a mailing letter. I would like to fax and mail my rescission letter. I would also be in Vegas this week and I’d like to go to their office if they give me a hard time lol.
My background, single mom but loves to travel the world and have used my timeshare on many places overseas using grand chateau t/s while I was married. I thought this 7500pts DRI would be good addition to Marriott time share for flexibility but now I see I paid/financed $17k for 7500pts every odd yrs INSTEAD of every year which I though I would get.

they also gave me freebies and a tablet that doesn’t work. Do I need to return those first? I couldn’t get in touch with anyone anymore after I signed up, not sure if it’s limited office hours due to virus.

is there a good rescission format letter out there? could it be handwritten so I can just mail it out right away without looking for a printer? Thanks for any help!

 

[Grammarhero]

a good template is here. The rescission period depends on the state your purchased.

How to rescind (cancel) my timeshare purchase?

How to Cancel a Timeshare Purchase - Free timeshare advice article

tugbbs.com

Follow the instructions in your paperwork as exact. Send USPS certified. Unless DRI requests in the rescission instructions, no need to send priority mail or return receipt requested. If you need me to take a look at your paperwork and rescission letter, PM me. Ideally, you should send out the rescission paperwork tonight or tomorrow morning.

I have DRI which I bought for $1. I personally like Wyndham or Vacation Village better, all of which I bought for $1.

 

[Iggyearl]

Stars, anything you got to attend the presentation is yours to keep. I hope your contract info is on paper. If it is on the tablet and you did Docusign, then things may be a little more complex. You should have the contract number in your possession in order to cancel the contract. The rescission instructions would be in the contract, including the number of days they allow. In any event, recessions are governed by state law in the state you signed the contract. And understand this: no one at the Diamond sales office will give you any information or assistance in cancelling your contract. They only want a sale and a rescission is their last wish.

 

[stars4sky]

Purchased

a good template is here. The rescission period depends on the state your purchased.

How to rescind (cancel) my timeshare purchase?

How to Cancel a Timeshare Purchase - Free timeshare advice article

tugbbs.com

Follow the instructions in your paperwork as exact. Send USPS certified. Unless DRI requests in the rescission instructions, no need to send priority mail or return receipt requested. If you need me to take a look at your paperwork and rescission letter, PM me. Ideally, you should send out the rescission paperwork tonight or tomorrow morning.

I have DRI which I bought for $1. I personally like Wyndham or Vacation Village better, all of which I bought for $1.

I purchased in AZ, and accdg to contract has 10d to rescind. US post offices closed on Saturday here in Sedona. Thinking of sending through UPS/Fedex before heading out to Vegas. Where should I drop off the tablet that they gave and the free massage certificates for making the purchase? I’m thinking of giving it to concierge or lobby of their sister resort where I’m staying or dropping it off at the hotel lobby of where the actual t/s preview was. Any thoughts?