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

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

    Votes: 135 90.6%
  • No, DRI said they would not take back my TimeShare

    Votes: 14 9.4%

  • Total voters
    149
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Update on Trust Membership Opt-Out

I sent my e-mail at midnight last Thursday, and, like others, received immediate confirmation of receipt and a 'ticket number' The pledge in the auto-message was that a 'DRI team member' would be in touch within 2 business days. We are now closing in on 4 and no response yet. Has anyone received anything?
Peter, it's been 3 business days for me and I haven't received anything yet. So I called DRI's Financial Department, and they recommended that I email my same request to leadcollector@diamondresorts.com as well as fax a copy to 702-804-8606.

The person I spoke with (friendly and polite) advised that I should detail the reasons why I want to terminate my membership and give back our points. This prompted me to ask "Has there ever been a case that you know of where an opt-out request was denied, even when the loan and all maintenance fees have been paid in full?" I asked this to gauge a better understanding of what I might need to say in my letter. I was relieved when she said that to her knowledge, there hasn't been a request that was denied.

Finally she did confirm that 1) DRI is in fact accepting deedbacks and cancellation of trust memberships and 2) there is a $250 fee to cancel.
 

Tye8len9

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Hello All,
I too was waiting on a email or call back from Diamond on my 4 Monarch Point contracts but nothing from them until I when to the mailbox about 20 minutes ago and received 2 letters from Diamond in there. So I open and to my surprise there was 4 transfer documents along with a letter stating that Diamond agrees to take back each of my contracts but I must send a $250.00 transfer check back along with the notarized trans fer document. YAHOOOOO!!!! So to all of those that sent your email don't expect a return message or call look in the mailbox.... Good Luck to alll
 

Bill4728

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Hello All,
I too was waiting on a email or call back from Diamond on my 4 Monarch Point contracts but nothing from them until I when to the mailbox about 20 minutes ago and received 2 letters from Diamond in there. So I open and to my surprise there was 4 transfer documents along with a letter stating that Diamond agrees to take back each of my contracts but I must send a $250.00 transfer check back along with the notarized trans fer document. YAHOOOOO!!!! So to all of those that sent your email don't expect a return message or call look in the mailbox.... Good Luck to alll
YES That is just what happened to me today

A letter from DRI but no response by e-mail :cheer:
 

TUGBrian

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be patient, it sounds like this process may be slow...but has all the signs of being a legitimate way out for DRI owners!
 

Bill4728

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Bill4278 - was this for your Monarch ownership?
Yes,

We just have too many TS weeks. We have been using MGV as a great trader in II ever since DRI switched MGV owners to DRI pt trades.

DRI pts trade really good.

Now all I need is Shell Vacations ( Wyndham) to also accept deed backs so I can get rid of 2 of my 3 weeks at Mountainside Lodge
 

Peterh1952

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Peter, it's been 3 business days for me and I haven't received anything yet. So I called DRI's Financial Department, and they recommended that I email my same request to leadcollector@diamondresorts.com as well as fax a copy to 702-804-8606.

The person I spoke with (friendly and polite) advised that I should detail the reasons why I want to terminate my membership and give back our points. This prompted me to ask "Has there ever been a case that you know of where an opt-out request was denied, even when the loan and all maintenance fees have been paid in full?" I asked this to gauge a better understanding of what I might need to say in my letter. I was relieved when she said that to her knowledge, there hasn't been a request that was denied.

Finally she did confirm that 1) DRI is in fact accepting deedbacks and cancellation of trust memberships and 2) there is a $250 fee to cancel.
Thanks for that, Jim. It appears that docs are being sent by snail mail (according to other posts), so I will wait another day or two.. I am in Canada, so the mail will likely take a bit longer to arrive
 

got4boys

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Dri not taking them all back! - rejected!

Got the rejection notice tonight...

"We have received your request to relinquish your ownership at XXXXXXXXXX. After review and consideration, your request was denied as
neither the management company, nor the developer, is taking back ownership within the Association at this time.

You may sell your timeshare once you locate a buyer privately or through a
reputable third party company that will assist you with completing the
transfer of ownership or obtain the services of a reputable real estate
office. Please note that prior to transferring ownership of the property, all
loan repayment and maintenance fee obligations must be satisfied as well as
any additional fees owed to the Association.

Until such time as your timeshare is sold, you remain contractually obligated
for payment of fees in accordance with the terms contained in the original
agreement."


No mortgage, no outstanding HOA Dues...

Anybody else got rejected too?
 

artringwald

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Resorts Owned
DRI: The Point at Poipu, 3 deeded weeks, 1 of which is in The Club.
Got the rejection notice tonight...

"We have received your request to relinquish your ownership at XXXXXXXXXX. After review and consideration, your request was denied as
neither the management company, nor the developer, is taking back ownership within the Association at this time.

You may sell your timeshare once you locate a buyer privately or through a
reputable third party company that will assist you with completing the
transfer of ownership or obtain the services of a reputable real estate
office. Please note that prior to transferring ownership of the property, all
loan repayment and maintenance fee obligations must be satisfied as well as
any additional fees owed to the Association.

Until such time as your timeshare is sold, you remain contractually obligated
for payment of fees in accordance with the terms contained in the original
agreement."


No mortgage, no outstanding HOA Dues...

Anybody else got rejected too?
Was it a deeded week or was it points in a collection?
 

got4boys

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It is a deeded week.

In the past before the downturn of 2008/2009/2010, they did take back weeks.

They just must not want mine.

I was hoping....
 

pedro47

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It is a deeded week.

In the past before the downturn of 2008/2009/2010, they did take back weeks.

They just must not want mine.

I was hoping....
What is the name of the resort?
 

Bill4728

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Varsity Clubs of America South Bend is a part of the "Premiere Vacation Collection" which DRI just recently took over. It may be that they don't need any more inventory in that collection at this time.
 

Peterh1952

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Terms?

Varsity Clubs of America South Bend is a part of the "Premiere Vacation Collection" which DRI just recently took over. It may be that they don't need any more inventory in that collection at this time.
I own 8500 points in the PVC and according to the email received DRI will accept my deed:

'
The PVC contract for 8500 points was approved for surrender and a Warranty
Deed was mailed on 3/24 to be signed and notarized.'

I don't know what the difference is, but I still have not received the paperwork by snail mail (probably has a lot to do with the slow mail transfer between US and Canada). For those who have received an 'acceptance' what are the terms and conditions? How long do we have to respond?

I'm sorry to hear that there are some of us who are getting different treatment to others. Perhaps with enough posts to this thread we can work out what the criteria are. Number of points? Deed location? (Mine is registered in Coccino (sp?) County, AZ,), and it's a float week with privileges in the PVC Connectin system (access to some 62 resorts, a subset of the Club)
 

tidefan

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Thanks for the info Brian! I just put our Royal Palm week out on the Bargain deals (Free Unit) for someone to grab if they want it. If it doesn't go in a couple of weeks, I'll try the deedback route.

I really appreciate all of the information everyone!
 

pnappleprincess

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Thanks for the info!!

Very interested and will start researching. My in-laws own 2 deeded weeks / 3 contracts at Point at Poipu (1 week and 2 EOY weeks).

What would we do without TUG??!!
 

TUGBrian

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You all are most welcome, I truly am glad this program is actually turning out to be successful for so many!

Those of you can also send a nice thank you to Judi Kozlowski...as she is the one who originally let me know about this program from Diamond...so if there is someone to thank, its definitely her!
 

Lydlady

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Yay, finally got my letter. :banana: For anybody who has sent that letter back, do you receive some sort of confirmation saying it has gone through?
 

hartofil

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I own a Powhattan property. I sent my email about two weeks ago and received an email confirmation quickly. I received a phone call last night and was told I will receive a document in the mail. There will be a $250 processing fee and the entire transaction should take from 60-90 days. If this all works out, the $15 for tug membership will be the best money I've ever spent.
 
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Lydlady

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I totally agree about the TUG membership.

Just an FYI, it took about 10 days for me to receive the letter after the email notification.
 

Bill4728

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Yay, finally got my letter. :banana: For anybody who has sent that letter back, do you receive some sort of confirmation saying it has gone through?
I sent the letter and $250 on Mar 30th So far nothing yet. (They have not yet cashed the check)

I've also been check the DRI owners website. I figure that when it is no longer mine they will cancel my DRI owner access
 
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pgnewarkboy

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When did you apply? It is about one month for me and I have heard nothing.
 
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