Just an update. I posted last Oct 16 that I had been approved for deedback by DRI. As of today I have a pending charge of $750 to my credit card so I looks like this transaction should be complete before Christmas. The only issue I experienced was a two week delay in getting the credit card authorization charge form. I called and requested to pay by VISA and was told a form had to be requested and would be mailed to me. After waiting two weeks and not receiving the form I called back and after being on hold for 45 minutes the person who answered emailed the form to me while we were talking to each other. Point being, be proactive. All I have talked to at DRI have been courteous and professional.
Reading some earlier posts leads me to post the following. DRI spells out clearly their criteria for deedback approval. Let me post it here:
Conditions to Apply:
- You must have no existing loan balance or other lien encumbering the vacation ownership.
- You must be current on the payment of all maintenance fees up to the year for which you are relinquishing.
- You must have a clear and free title to the vacation ownership.
- All future reservations must be cancelled or traveled on prior to submitting a request. Does not apply to certain Fixed Week/Fixed Unit deeded week owners who have their reservation automatically booked in advance. Please call the Transitions team on 1.855.342.3689 for more information.
- Your vacation ownership must be in a Diamond Resorts Collection or managed property. Currently, members who own in Embarc or the EU Collection do not qualify.
- 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.
- Participation with a timeshare exit or resale company or firm may negatively impact your ability to apply for Transitions.
Where applicable, if you meet the Conditions to Apply for Transitions, Diamond Resorts will consider your application on a case-by-case basis, reviewing it both on its own merits and in the context of all other qualifying Transition applications submitted to date. This program is subject to change or termination without notice and in the sole discretion of Diamond Resorts.
