How to Get Rid of Diamond Resorts Timeshare

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Does it seem like your maintenance fees are going insane? Are your account balances beginning to look smaller as these troublesome expenses keep whittling down your wallets? Growing each year until you ask yourself,” Is this even worth keeping any longer?

  1. Who owns Diamond Resorts International?
  2. Diamond Resorts Rescission Letter
  3. How to sell my Diamond Resorts timeshare?
  4. Diamond Resorts Timeshare Class Action Lawsuit
  5. Do It Yourself

Our team will uncover the ideal way to eliminate the Diamond Resorts timeshare. Or, on the other hand, you can start a Live Chat to learn more through a free customized consultation.

We can help you determine the best arrangement for your timeshare situation. Anyway, what are you hanging around for? Let’s get things started!

Who owns Diamond Resorts International?

Who owns Diamond Resorts International? Stephen J. Cloobeck founded Diamond Resorts in 2007 by leading a group of investors to buy Sunterra Corporation.

From that point forward, it has developed into the vacation ownership giant you know today.

  • Otherwise known as Diamond Resorts International
  • There are 379 Diamond Resorts locations in 35 nations across the globe.
  • Located in Las Vegas, Nevada, Diamond Resorts currently has CEO Michael Flaskey in charge.
  • Be that as it may, Cloobeck acquainted Diamond Resorts with its extraordinary focus-based framework.

Since 2013, Diamond Resorts has been supporting golf competitions. Everything began when PGA TOUR proficient Brian Gay offered to loan his name for a tournament debut. The objective was to assist with fundraising for the Florida Hospital for Children. Over 300 golf players, observers, and famous people attended the occasion.

  • Then, in 2014, the competition expanded, including proficient players and a private featured show by Colt Ford.
  • In addition to being a notable country music star, Colt Ford is the company’s superstar ambassador.
  • Diamond Resorts was making such an uproar in the business it grabbed the eye of Apollo Global Management.
  • The New York-based venture firm possesses a large knowledge of the vacation industry.
  • TPG Capital has a substantial stake in Caesar Entertainment. Do they truly require Diamond now as well?

They sure felt as such! In 2016, Apollo Global Management declared a $2.2 billion arrangement to get Diamond Resorts International.

Perfect for them to purchase the company. This is because Diamond Resorts settled with the State of Arizona.

Diamond Resorts timeshare owners have been complaining about their expenses for quite a long time. They also claim that someone misled them. At long last, Diamond Resorts had to refund each of their owners, finding some validity in these cases.

In March 2021, Apollo Global Management sold Diamond Resorts to Hilton Grand Vacations for $1.4 billion. Apollo Global Management had owned Diamond Resorts for five years. The process was finished in August 2021.

Diamond Resorts Rescission Letter

A straightforward way out exists if you can catch it on time. The rescission period can save you an incredible amount of dollars on the off chance that you qualify.

Your right of rescission is a little window of time where you can, in any case, cancel Diamond Resorts for full reimbursement.

The time you have to cancel your agreement varies depending on where you made your purchase. This time frame is typically at the beginning or end of the agreement.

Rescission laws are distinctive in each state in the United States. A few states have a 5-day rescission period; others have 7. A standard range we have seen is a 3 – 14-day rescission period.

Rescission laws do exist in different nations like Mexico, for instance. However, don’t make the mistake of thinking that these laws work like American rescission laws. Just because they may exist elsewhere, doesn’t mean they’re the same.

And like most rescission laws, expect to mail a written cancellation letter. Yes, a Diamond Resorts cancellation letter exists. And just like any other cancellation letter, it’s important you submit it on time!

BUY THE EXPEDITED MAIL OPTION. Regarding rescission, submitting any documentation outside your time period will disqualify you from this opportunity. Putting in a couple of additional dollars to avoid ineligibility is perhaps the best move you can make here. To learn more about timeshare rescission letters, click here.

How to sell my Diamond Resorts timeshare?

Considering canceling your Diamond Resorts International timeshare? Exploring the option of selling might be your first choice, particularly if your timeshare is fully paid off. However, before proceeding, it’s essential to assess the marketability of your timeshare objectively.

Here are some key questions to consider:

  1. What type of ownership do you have – a points package or a specific week?
  2. Is your week located in a prime area and time?
  3. Do your points allow you to make sought-after reservations within the Diamond Resorts International timeshare network?
  4. How much does Diamond Resorts International charge for transferring ownership of the timeshare?

While seeking professional guidance is advisable, it can be time-consuming and challenging. Many resale companies often demand high fees upfront, prioritizing their profits over actual sales.

Moreover, the timeshare market tends to be oversaturated, with more listings than potential buyers. Consequently, many sellers resort to listing their timeshares for as little as $1 on platforms like eBay. It’s crucial to acknowledge that selling a timeshare may take considerable time, during which you’ll still be responsible for maintenance fees.

Today, timeshares carry a negative reputation, often associated with scams. Many travelers prefer alternatives like Airbnb or traditional hotel bookings due to the perceived risks and rising maintenance fees.

However, if you’re determined to sell your Diamond Resorts International timeshare, consider consulting Allied Transfers. They can provide a realistic assessment of your timeshare’s marketability and offer affordable packages for listing, transferring ownership, and managing the sale process – taking the burden off your shoulders.

Diamond Resorts Timeshare Class Action Lawsuit

Norman Zwicky and others claim that the defendants lied about the annual fees, also known as “Assessment Fees,” for their timeshares. Defendants denied all allegations and asserted numerous defenses.

The Court resolved some of the defendants’ defenses, leading to the dismissal of certain defendants. The remaining defendants are Diamond Resorts International, Inc. (“DRI”), Diamond Resorts Management, Inc. (“DRM”), Troy Magdos and Kathy Wheeler.

The Court has not decided who is right or wrong. The people suing and the people being sued have reached a settlement agreement. They want to avoid the costs, uncertainties, and delays of going to court. Defendants continue to maintain they did nothing wrong.

But on Sep. 9th, 2023, the court denied the proposed settlement because it was unsupported by appropriate documentation. They scheduled a hearing for February 2024 to discuss the future of this settlement.

But the lack of documentation makes you wonder just how credible the whole case was to begin with. Seems like both parties were being dishonest. This may explain why Diamond Resorts is mentioned in many other lawsuits.

Do It Yourself

Timeshares normally are deeded properties or proprietorships upheld by an agreement. Similarly, as you just can’t drop a house deed, dropping a timeshare deed can be the same.

Now this doesn’t mean that you don’t have any options. It simply means you will need support from an expert to exit Diamond Resorts timeshare. This is why we suggest you recruit a timeshare exit company that works alongside attorneys. Imagine a team of timeshare exit specialists energetically working on your case with the help of expert timeshare attorneys.

But as you, the industry is brimming with many timeshare exit scams. Only a handful of trustworthy or qualified companies can cancel Diamond Resorts’ timeshares. The FTC and the BBB warn each year to stay away from upfront fees.

To protect against scams, our team suggests using a company that offers an escrow payment option with no upfront fees.

By canceling with escrow, you eliminate all the danger of becoming a victim of another timeshare exit. This is because escrow wipes out all forthcoming expenses paid straightforwardly to the timeshare exit company. Doing this makes the exit company responsible for finishing the services they guaranteed. Else, they won’t receive payment.

Yet, there are huge loads of exit companies that exist. How would you realize where to begin? On the other hand, which ones offer escrow? People need more spare time to investigate and hear out every organization.

All in all, what do you do?

First, complete our short quiz on the right half of the page. Then, we propose you start a live chat with one of our trained professionals. Or even call us!

We’ve done our due diligence in exploring as many organizations and solutions as possible. We’ll help you select the best exit option, helping you eliminate your Diamond Resorts timeshare once and for all.

Final Thoughts

Generally speaking, if you want to cancel your Diamond Resorts timeshare, you should act now. There is no time to waste!

If you keep your timeshare, it could become a burden for you and your family. Expenses that always seem to continue and keep growing yearly will consume your finances.

Exceptional evaluation expenses that, to be honest, you forget anybody truly referencing! No need to panic. We are here to help! Contact our team so we can assist you with deciding whether a timeshare exit organization is genuine.

We suggest working with timeshare exit companies that offer escrow, so you pay no up-front expenses. Know your legal rights so you can leave your timeshare contract legitimately. Look through our site, fill out the form on the right, or contact us through a Live Chat for a free consultation.

Frequently Asked Questions

How much time does it typically take to cancel a Diamond Resorts International timeshare?

The duration varies depending on the customers circumstances. It could span from a few months to as long as two years. Factors influencing this include the number of timeshare contracts held, financial standing, duration of ownership, and previous cancellation attempts.

When is the ideal time to initiate the cancellation process for my Diamond Resorts International timeshare?

Initiating the cancellation process as soon as possible ensures a quicker exit from associated fees and financial obligations.

What’s the average duration to sell a Diamond Resorts International timeshare?

The time taken for a successful sale is influenced by factors such as the type of timeshare owned and the attractiveness of the offer made. While engaging a reputable resale company and setting a nominal price like $1.00 may expedite the process, finding a buyer could still take considerable time.

What are the costs associated with cancelling a Diamond Resorts International timeshare?

Cancellation expenses vary depending on the chosen exit company. Which is why the DIY Method continues to be the most cost effective approach.

Free Timeshare Exit Cost Assessment

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By providing my contact information and clicking ‘submit’, I am giving TimeshareExitAdvice.com and its partners permission to contact me about this and other future offers using the information provided. This may also include calls and text messages to my wireless telephone numbers. I also consent to use of emails and the use of an automated dialing device and pre-recorded messages. I understand that my permission described overrides my listing on any state or federal ‘Do Not Call’ list and any prior listing on the ‘Do Not Call’ lists of our partners. I acknowledge that this consent may only be revoked by email notification to info@www.timeshareexitadvice.com.
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