glad you found us in time and were so successful!
hope you leave a review of TUG on google to help others find us like you did!
I requested a sell back via Customer service and got this response. I've gotten a ticket number via the Loss Mitigation email, so I will update as soon as I hear back from them on that.
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Thank you for your email and we are sorry to note your wishes to end your agreement with us.
As Diamond Resorts International® does not participate in resale or buyback schemes, ARDA-ROC (American Resort Development Association – Resort Owners’ Coalition) can offer you further advice as to selling your ownership.
We would suggest you visit them at www.ardaroc.org and click on Timeshare Resale’s where you can access information about how and where to resell your timeshare, some best practices and view a list of frequently asked questions. You may also want to view a list of licensed real estate brokers who specialize in handling timeshare products. There are three basic types of timeshare resale companies to consider: (1) Resale Advertisers - These are companies that only help you market or advertise your timeshare. Typically they don't help you close a sale or rental. (2) Licensed Resellers - They employ licensed real estate agents that can assist in all aspects of selling and renting. (3) Other independent companies who may offer to buy your timeshare interest, take it away for a fee or help you donate it to charity or other potentially worthy cause. We would strongly advise that you are cautious when dealing with companies in this category because of potential fraud activities that take place. Verify the company is an ARDA member and check past customer reviews before agreeing to proceed or indeed pay any money up front. For more information visit their website as detailed above and click on ‘Selecting a Resale Company’.
We hope this helps, if you do require any further assistance please do let us know.
Thanks
Ben
Reason For Contact
Reason: General Inquiry
Date of Request: 27-Nov-2017
Comment: What do I need to do if I sell my timeshare? What forms need to be filled to complete the transaction? Thank you.
I used the template from this board to request a takeback of my points on 11/22. I received an automated email with a ticket number and a statement that DRI will contact me in 1-2 business days. I suspect that the Thanksgiving holiday may have them backlogged, but the posting of 2018 maintenance fees makes me nervous. I’ll update my story as it happens.
Thanks to those who are sharing their experiences. And, congratulations to those with success stories!
Just sent my request to the loss mitigation email address. I hope to get a quick response. I'll post updates as I get them.
I've tried searching this thread but it's so many pages... Please forgive me if this was asked and answered already. Since I submitted my relinquishment request today (12/11/17) and 2018 maintenance fees are not technically due yet, do you think they will force me to pay for 2018's fees? My reason to relinquish is financial hardship (no exaggeration) so I hope the answer is no.
I sent my deedback request to DRI on Nov 20. No answer yet. As discussed with the staff, it will take months to complete the deedback process even though they approve my request. I have just made the 2018 mtce fee payment this morning to prevent any delay or rejection since one of the condition for deedback is everything paid up.
We gave our deed back. I just now posted the deed back information..... I sent a screenshot with cost, email and mailing address. Have no idea where it is in this thread...obviously, I'm not good with technology ....if you don't see the detailed information and want it, just let me know!Edit/Update:
As of December 2017 DRI now officially has a name for this program called TRANSITIONS.
Information (including who/how to contact) is available here in this thread:
https://www.tugbbs.com/forums/index.php?threads/transitions-is-finally-announced.267181/
The financial dept apparently Voluntary Surrender Program:
In order to qualify, the HOA (MFs) must be up-to-date and the owner must have a zero balance on the loan.
To start this process, the owner must send an email to: lossmitigation@diamondresorts.com and or leadcollector@diamondresorts.com with the subject line stating: Inventory Takeback.
In the email itself the owner must include:
-Resort Name
-Owner(s) Name(s)
-Account Number
-Inventory owned (ie. weeks, points, etc)
-any other important information regarding the deed
within 7-10 business days, the Diamond Resorts will send an action required correspondence, where the owner will have 15 days to return.
Note: the owner is responsible for any fees associated with the paper work, such as notary, postage etc.
Edited to add phone number: You can call 877-497-7521, option 1 English, then 3 is direct to Loss Mitigation.
Dis you notice a clause that says you can't write or say anything disparaging about Diamond Resorts ? I am curious as to why DRI is becoming so friendly about deed backing the timeshares. Can't help but wonder why.Just want to post an update. I emailed Loss Mitigation for the first time in December 11th. I got the automated reply with a ticket number. I didn't get any responses or emails after that. So about 2 weeks later, give or take a day or two, I called them. The agent told me it was approved and that an email was sent in this regard on December 14th. I never received the email and it wasn't in spam/junk. While on the phone she forwarded it to me. Apparently, they approved it quickly. Yea!
I expected to wait up to 60 business days for the paperwork to arrive. I use a PO box but don't check it very often. Well, I checked it last week and discovered the paperwork had already arrived! I am thrilled!! I didn't realize there would be a date by which the papers must be returned, Jan 13th in my case, so I'm sure glad I went to check the mail. I was actually surprised that the papers came by regular postal service; I expected delivery by UPS or FedEx. At any rate, I'm super happy and excited this has worked out.
Thanks to all in this thread for sharing all the info and how-to info. It made a huge difference for my family.
Because it's tremendously profitable. Instead of having to build new resorts to generate points to sell, they take them back in for free. In Hawaii, for example, they will take back a deeded week for free, then turn around and sell the points associated with that deed for about $80,000.Dis you notice a clause that says you can't write or say anything disparaging about Diamond Resorts ? I am curious as to why DRI is becoming so friendly about deed backing the timeshares. Can't help but wonder why.
You have to ask them that. What is more likely is that they will not accept the deed back in 2018 since the usage is not available and to reapply in 2019 or they could say that is fine. I don't think they can pull the week out of Interval once it is deposited.We have a deeded week in Beach Quarters, VA Beach, originally purchased from DRI's predecessor, Gold Key. Our 2018 Maintenance Fee is paid, and the week was deposited in Interval and an exchange for next September made. If we give back our week (all paid for) via Transitions, will they take this year's vacation away from us?
Dis you notice a clause that says you can't write or say anything disparaging about Diamond Resorts ? I am curious as to why DRI is becoming so friendly about deed backing the timeshares. Can't help but wonder why.