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Giving away Diamond Resort Points

natasha5687

TUG Member
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I am very well aware that Diamond is one of the most difficult timeshares to give away. I don't really know much about their system and I am trying to help a friend get rid of theirs. They are not entirely sure what they own but based on what they've told me it sounds like they own 4K points in the US collection with MF's of $1070 annually. I had a few questions

1. Will Diamond revoke all of this years points if they give it away? Can they make reservations in advance of a transfer to preserve the usage for a purchaser?
2. With the Club benefits not transferring, how limiting is that to the new owner?
3. Does anyone know if Diamond is still taking back contracts? If so how does one initiate that proccess.
4. What is the Diamond transfer fee?

As always thank you all for your willingness to share your insight!
 

TUGBrian

Administrator
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dougp26364

TUG Review Crew: Expert
TUG Member
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Jun 6, 2005
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Location
Kansas
Resorts Owned
Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
1. Will Diamond revoke all of this years points if they give it away? Can they make reservations in advance of a transfer to preserve the usage for a purchaser? probably, but they'll be free from all future obligations
2. With the Club benefits not transferring, how limiting is that to the new owner? If they contact loss mitigation and deed them back to DRI, this isn't a concern
3. Does anyone know if Diamond is still taking back contracts? If so how does one initiate that proccess. yes, see the sticky at the top of the page
4. What is the Diamond transfer fee? $250 per contract

As always thank you all for your willingness to share your insight!
 

Bill4728

Moderator
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Lake Tapps, WA
1. Will Diamond revoke all of this years points if they give it away? Can they make reservations in advance of a transfer to preserve the usage for a purchaser?
YES DRI will take any unused pts even if a DRI reservation has been made. The only way for this not to happen is make a trade with interval international.( II)
 
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