DRI suing Sumday Vacations and Timeshare Transfer company

[TUGBrian]

Diamond Resorts Lawsuit Against Timeshare Exit Companies Will Proceed

/PRNewswire/ -- Diamond Resorts® ("Diamond"), a global leader in the hospitality, vacation ownership and entertainment industries, announces its lawsuit...

www.prnewswire.com

Diamond's complaint alleges Sumday Vacations, LLC and Standard Timeshare Transfers, LLC prey on and mislead timeshare owners, violating Florida and Nevada trade practices laws. According to the lawsuit, the defendants engage in a fraudulent "exit" scheme that instructs timeshare owners to execute fake deeds, purchase agreements, or other forms of transfer documents in order to create the appearance of a legitimate transfer of their timeshare ownership. Sumday Vacations, LLC and Standard Timeshare Transfers, LLC intend for these documents to trick timeshare owners into believing that, as a result of the defendant's service, their interest was "transferred" and they have no further financial obligations – which is false.

 

[csalter2]

Source: Diamond Resorts

 

[Grammarhero]

Holy crap. Besides a possible backdating issue, Sumday always good to me. Sumday doesn’t deserve this.

 

[Grammarhero]

PR Newswire costs at least $500 to post an article too.

 

[tschwa2]

Holy crap. Besides an issue, Sumday always good to me. Sumday doesn’t deserve this.

Sumday is part of this because they work closely with the postcard company. It's the way they get their inventory, not the part of the business that sells timeshares.

 

[Grammarhero]

Sumday is part of this because they work closely with the postcard company. It's the way they get their inventory, not the part of the business that sells timeshares.

I plead ignorance. Of all my TS, Diamond is my least favorite. I even like VAcation Villages more.

 

[Panina]

Does Diamond have an easy exit program? Interesting it claims ‘misled’ as were not many of the buyers misled.

Don’t know if any issues have merit, they can but what if all the resale companies are sued, even the legit ones because of anything? These big companies have the money and resources to push many out of business.

 

[tschwa2]

Does Diamond have an easy exit program? Interesting it claims ‘misled’ as were not many of the buyers misled.

Don’t know if any issues have merit, they can but what if all the resale companies are sued, even the legit ones because of anything? These big companies have the money and resources to push many out of business.

Diamond has a program where you pay $1000 per contract if it is paid off and up to date and you bought retail and it isn't too close to the end of the year. They can refuse you for any reason even if you meet all the criteria.

 

[tschwa2]

I plead ignorance. Of all my TS, Diamond is my least favorite. I even like VAcation Villages more.

I agree Diamond and Westgate are bottom of the barrel IMO.

 

[moonstone]

Does Diamond have an easy exit program? Interesting it claims ‘misled’ as were not many of the buyers misled.

Also (as per a Diamond Owners Advocacy FB page) all new Diamond contracts have a clause in them that states the heirs of the owners will be responsible for maintenance fees in perpetuity! I'd like to see that stand up in court where an heir is not only forced to accept ownership but keep paying the maintenance fees and then have their heirs forced to do the same.

~Diane

 

[R.J.C.]

Does Diamond have an easy exit program? Interesting it claims ‘misled’ as were not many of the buyers misled.

Don’t know if any issues have merit, they can but what if all the resale companies are sued, even the legit ones because of anything? These big companies have the money and resources to push many out of business.

Define "easy".

It has an exit program but only developer purchased points qualify. It also costs $1,000 per contract to relinquish compared to only $250 per contract a little over a year ago which I consider highway robbery.

 

[SteelerGal]

Yet another reason not to visit their properties.

 

[simpsontruckdriver]

I've worked with Sumday, but both of my resales "failed" because HICV executed ROFR (they were less than $1 each). So, I wouldn't really call Sumday a Timeshare Exit Company, but it sounds like Standard is the exit division of the company while Sumday sells them. I looked one time and found that their closing division charges over $400 if someone not buying from Sumday needs a timeshare closing.

I'm thinking Standard should change their approach to having Sumday sell the timeshares. Of course, it's not cheap to take one, advertise it, close on it, transfer to the new owner and record it in the county, especially when they're worth $1.

TS

 

[dioxide45]

Holy crap. Besides a possible backdating issue, Sumday always good to me. Sumday doesn’t deserve this.

It would seem that the back dating is the issue. In your case, didn't the seller think they were out of their contract and refused to sign a new deed? Thus when they signed that deed over a year before you tried to buy it, they thought they were done and out of their obligation, which didn't seem to be the case. It seems that this is the crux of the lawsuit. I certainly don't agree with DRI tactics and they don't make it easy for people to get out of their ownership, but if as stated in the article is true, it would seem that Sumday is culpable to an extent?

 

[Grammarhero]

It would seem that the back dating is the issue. In your case, didn't the seller think they were out of their contract and refused to sign a new deed? Thus when they signed that deed over a year before you tried to buy it, they thought they were done and out of their obligation, which didn't seem to be the case. It seems that this is the crux of the lawsuit. I certainly don't agree with DRI tactics and they don't make it easy for people to get out of their ownership, but if as stated in the article is true, it would seem that Sumday is culpable to an extent?

Correct.

 

[LannyPC]

The title of this thread is a little misleading. Timeshare Transfer is (or at least was a while back) a legitimate closing company based in Colorado if memory serves me correctly. The name of the company being sued here is Standard Timeshare Transfers.

 

[ddavid1073]

I bought my first Wyndham contract (plus they threw in a free one!) from Sumday. They were excellent to deal with. I had no idea what happened once a contract was purchased. They held my hand through the whole thing. Hopefully they haven't done anything illegal and will be exonerated.

 

[chapjim]

This is rich!! A developer complaining that Sumday tricks people!

 

[skimeup]

Interesting. I owned at ILX, which went belly up in 2008 and Diamond purchased. First thing they did was send out updates on their purchase with a box to check if you wanted to OPT OUT of being in their "club" - for about $200/month. If you didn't read thoroughly and send back the opt out, you had an extra $200 or so added to your maintenance. Best part - this didn't include all the properties in "the club"! I got out the two bedroom by advertising it as NOT having to be part of the club and someone from Phoenix bought it to get out of the summer heat. I was able to give back the one bedroom - at that time for fully paid maintenance and $250.

I've bought from Sumday and the purchase went fine. Don't think I paid more than $1 or so but the closing cost were high. I figured they had to make money somewhere. They were fine to deal with. I suspect this is a SLAPP suit - meant to put them out of business due to the legal fees. I actually was at a Hyatt presentation the other day (in Sedona) and told them about my experience with Diamond and the sales person sighed about how bad they are and what sleaze balls. Of course he tried to sell me something with a 14% mortgage. I explained I wasn't in the business of buying at my age (77) but that did not deter him. At least I learned about the system and got out of there under 1 hour and a half.

 

[Family_travel]

This is rich!! A developer complaining that Sumday tricks people!

That's what I was thinking. Wouldn't this lawsuit open them up to lawsuits for their deceptive practices?

 

[chapjim]

That's what I was thinking. Wouldn't this lawsuit open them up to lawsuits for their deceptive practices?

No more than they are already.

 

[dioxide45]

This is rich!! A developer complaining that Sumday tricks people!

They are claiming that Sumday is breaking the law! Do the developers break the law? Perhaps, but has anyone successfully received a judgement against them?

 

[simpsontruckdriver]

They are claiming that Sumday is breaking the law! Do the developers break the law? Perhaps, but has anyone successfully received a judgement against them?

Five years ago, Wyndham was sued for essentially predatory sales techniques. They lost.

TS

 

[Maple_Leaf]

I agree Diamond and Westgate are bottom of the barrel IMO.

Diamond and Wastegate are the fetid residue scraped from the bottom of a stinking barrel.

 

[R.J.C.]

Diamond and Wastegate are the fetid residue scraped from the bottom of a stinking barrel.

A little overboard don't you think?