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We compare timeshare exit companies so you can make an informed decision. Learn how we earn to maintain our website so we can continue providing valuable content to our readers. We do our best to provide educational information and help you navigate through the timeshare exit industry.

How to Cancel Diamond Timeshare?

Canceling Diamond Timeshare refers to the legal and procedural act of terminating ownership obligations tied to Diamond Resorts’ vacation property agreements. While not always straightforward, this process works through different pathways depending on contract status and timing.

Selling the timeshare is possible if ownership is fully paid and in demand. Transferring it to another party carries legal risks, as liability may remain with the original owner. Working directly with Diamond Resorts can result in cancellation via negotiation or fees, especially if maintenance payments are current.

Using licensed resale agents or exit firms introduces external handling, though these may involve service fees or delays. Immediate cancellation without penalties is only allowed during the statutory rescission window, typically 3–15 days post-purchase. After this period, owners must pursue exit options with legal or strategic assistance. Each path from resale and gifting to rescission or legal exit requires paperwork, formal notifications, and often notarized agreements. If obligations are ignored, invoices may persist, requiring follow-up.

Diamond Timeshare cancellation is only finalized when legal and financial liabilities are removed and a written confirmation is received.

To cancel your Diamond Resorts Timeshare, follow these outlined steps:

1. Sell Your Diamond Resorts Timeshare

If your timeshare is paid off, selling it could be a solution, but expect low resale prices and ongoing maintenance fees due to market oversaturation.

2. Give Away Your Diamond Resorts Timeshare

Transferring or donating your timeshare may seem easy, but it carries risks. You may still be liable for fees if the new owner defaults or doesn’t fulfill obligations.

3. Work Directly with Diamond Resorts

Contact Diamond Resorts to cancel directly, but be ready for high exit fees and prolonged negotiations. Remain firm in your decision to avoid high-pressure tactics.

4. Hire a Reputable Timeshare Exit Company

Choose a trusted timeshare exit company with BBB accreditation. Avoid those with upfront fees or unclear pricing, and always check their reviews and reputation.

5. Rescind Your Timeshare Contract

If within the rescission period (typically 3-15 days), you can legally cancel without penalties by sending a certified cancellation letter according to your contract.

6. Avoid Timeshare Resale Scams

Be cautious of companies that promise quick timeshare sales. Always research and verify companies’ legitimacy, ensuring they don’t ask for upfront fees or make unrealistic promises.

1. Selling Your Diamond Resorts Timeshare

Selling your Diamond Resorts International timeshare is a potential way to cancel your timeshare agreement. But this is only possible if your timeshare is paid off. Start by determining how marketable your timeshare is. Ask yourself:

Do you own a points package or a specific week?
Is your week during a prime location or high-demand time?
Are your points enough to book popular reservations with Diamond Resorts?

If your timeshare meets these criteria, selling might be a good choice. Be aware that resale companies often charge exorbitant listing fees, focusing more on upfront marketing costs than on selling your timeshare. The marketplace is oversaturated, so supply frequently outweighs demand, and timeshares may sell for as low as $1 on sites like eBay. Plus, you’ll continue to pay maintenance fees during the process. Timeshares have a negative reputation, and many buyers prefer Airbnb or hotels instead.

For a realistic assessment and help with listing, transferring, and selling, consider […….]. Be prepared for transfer fees, which may feel unfair since you’ve already spent time and money trying to sell, especially when the company will likely resell your timeshare.

You can also use brokers or agents to help with the sale. They can assist with advertising and negotiations without upfront fees, but may still face legal challenges depending on your timeshare agreement.

2. Giving Away Your Diamond Resorts International Timeshare

Giving away your Diamond Resorts International timeshare might seem like a simple solution to cancel your timeshare, but it can be a risky path. Many timeshare owners consider donating or giving away their timeshare to friends or family, hoping someone will accept the responsibility. However, this method is not without significant risks:

The original owner may still be held responsible if the new owner defaults or fails to pay the maintenance fees or club dues.
Timeshare developer bylaws and state laws often hold the original owner accountable, making this option potentially risky.

Florida has recently amended its laws to make transferring a timeshare more difficult and legally complicated. According to Florida Statute XL, Chapter 721, Section 17, Paragraph 1.e, even if the contract is canceled, the obligations of the new transferee remain. Here’s how this could affect you:

The transferee’s responsibilities will continue even if the contract is rejected or canceled.
If the new owner doesn’t fulfill the obligations, you could still be held liable for unpaid fees.

Many believe that lobbyists from the timeshare industry influenced the legislation, making it harder for owners to cancel their timeshare without facing legal consequences. In fact, Rep. Eric Eisnaugle, who co-sponsored the bill, received donations from timeshare industry lobbyists before introducing the legislation. This has raised concerns about whether the law is truly in the best interest of timeshare owners.

Given all this, it’s critical to:

Consult with an attorney before trying to transfer or give away your timeshare to understand any potential legal consequences.
Consider speaking directly with Diamond Resorts to discuss your options, especially if you own a fixed week or Diamond Points. In some cases, they may let you cancel your membership for free, or they might charge an exit fee (typically equivalent to three years of maintenance fees).

If the exit fee is too high, you may want to explore other options, such as working with exit fee services that don’t require an upfront fee.

3. Work Directly with Your Timeshare Company

Working directly with your timeshare company might seem like a straightforward way to cancel your timeshare. However, this approach can be risky for many owners because Diamond Resorts International is primarily focused on making money for its shareholders. Their main goal is to sell more timeshare points or weeks, which means they’re financially responsible for your maintenance costs, taxes, and club dues until they find another buyer. If you decide to take this route, here are a few important steps:

Communicate in writing and clearly express why you want to cancel your timeshare before calling or filling out any online forms.
Do not agree to speak with anyone until Diamond Resorts International acknowledges your concerns.
Stick to the facts and be reasonable in your expectations about what you might receive from them.
Don’t accept their first offer if they make one, as it may not be the best solution.

While Diamond Resorts International may try to sell you more points or weeks throughout the process, it’s essential to remain unemotional and not admit any fault or responsibility. Their representatives are often trained to upset you into making irrational decisions. If you’re unsuccessful in these negotiations, it will be hard for any other entity to help you cancel your timeshare later. Depending on your situation, they might offer to cancel your membership for free or ask for an exit fee. This fee can be the equivalent of three years of maintenance fees, which could be unaffordable for many owners. If you haven’t paid your maintenance fees in over six years, you might be outside the statute of limitations, meaning no legal action can be taken against you.

4. Hire a Reputable Timeshare Exit Company

Hiring a reputable timeshare exit company is one of the most straightforward ways to cancel your Diamond Resorts International timeshare. However, you must be cautious, as there are many companies that promise a fast and easy solution but may not deliver. A quick search for “cancel timeshare” will show thousands of companies, but you must be aware that not all of them are trustworthy. While some offer legitimate services, others are simply scams designed to take your money without providing results.

To find a reliable exit company, follow these tips:

Look for BBB-accredited companies to ensure they are trustworthy and meet industry standards.
Avoid companies that require hefty upfront fees. A legitimate company will not demand significant payment before completing the service.
Check reviews and complaints on sites like the Better Business Bureau.
Do not schedule consultations or meetings until you have reviewed their pricing and fees online. Reputable companies will have their fees clearly listed for transparency.
Have reasonable expectations about the cost and time it will take to cancel your timeshare.

Be sure to choose a company that does not pressure you into paying upfront fees or making hasty decisions. If you’re unsure, it’s always a good idea to contact us for clarification and advice before proceeding with any exit company.

5. Rescind Your Timeshare Diamond Resorts International Contract

Rescinding your Diamond Resorts International timeshare contract is only possible if you’ve recently purchased it and are still within the rescission period. This period, which typically ranges from 3 to 15 days after you sign the contract, is your legal right to cancel without any penalties. To rescind your Diamond Resorts contract, follow these simple steps:

Review your contract to find the exact rescission period and cancellation instructions.
Prepare a cancellation letter stating your intent to cancel, ensuring it follows the steps outlined in your contract.
Send the cancellation letter via certified mail to ensure it is postmarked within the legal timeframe and to receive proof of delivery.

If your rescission period has passed, it doesn’t mean all hope is lost. Mymytimeshareexitreviews specializes in helping owners who missed the rescission period. They can assist with negotiations and provide legal expertise to help you terminate the agreement. Always ensure that the services you use are professional and credible to avoid scams. If you’re considering timeshare exit companies, they can guide you through the Diamond Resorts timeshare cancellation policy and help you understand all available options, even after the rescission period.

6. Avoid Timeshare Resale Scams

Avoid timeshare resale scams when looking to cancel your Diamond timeshare. Many timeshare exit providers and resale companies promise quick solutions, but some are not legitimate. Here’s what you need to know:

Accreditation: Look for companies accredited by the Better Business Bureau (BBB). This shows they meet certain standards and are trustworthy.
Avoid upfront fees: Be cautious of companies that ask for hefty upfront fees. Legitimate companies typically do not charge large fees before offering services.
Check reviews: Research reviews and complaints about the company, especially on sites like the BBB. This helps identify potential red flags.
Transparent pricing: Reputable companies provide clear pricing. If fees are not openly available, be wary.

Always research the company and verify its credibility before sharing any personal information. If something seems too good to be true, it probably is.

For further information and resources, consult with us for guidance on finding legitimate timeshare exit companies.

What are the Diamond Resorts Timeshare Cancellation Challenges?

When trying to cancel your Diamond Resorts timeshare, you’ll face several challenges. These include:

Strict cancellation windows: Contracts often have very narrow timeframes, making it easy to miss your chance if you’re not fast.
Complex legal terms: The agreement can be difficult to understand without professional help, as it’s filled with legal jargon.
High exit fees: These fees can be very discouraging, especially if you’re near the expiry of your contract, making it hard to go through with cancellation.

Going through this process alone can be overwhelming, but there is help. A specialized timeshare exit company offers expertise that can make a difference. Here’s why:
Tailored plans: mytimeshareexitreviews understands that each person’s timeshare situation is unique, and they offer personalized strategies.
Ethical approach: They provide transparent services with no surprise fees or under-the-table dealings.
Expert advice: Their experienced team has handled Diamond Resorts cancellations before and knows exactly what to do.

With Mytimeshareexitreviews by your side, you get the support, information, and techniques needed to navigate the cancellation journey effectively.

Frequently Asked Questions

1. Is a Diamond Timeshare Cancellation the Same as a Timeshare Exit?

No, a Diamond timeshare cancellation is not the same as a timeshare exit.a timeshare cancellation happens within the rescission period, allowing legal termination of the contract. A timeshare exit occurs after the rescission period has expired and involves a different process. We specialize in both.

2. How Much Are Diamond Resorts Maintenance Fees?

Diamond Resorts maintenance fees typically range from $1,400 – $1,500 per year for a two-bedroom unit with about 8000 points. The fee varies depending on the number of points you own, with larger point allocations leading to higher fees. On average, the cost is just over $1,000 annually, according to the American Resort Development Association. Buying resale can save you 60-70% off retail costs, offering a better value for your vacations.

3. Was the process of getting out of the timeshare straightforward?

No, the process is not straightforward. It usually takes around nine months and costs about $1,000. You’ll need to complete several steps, including working with your original lender and the transitions team.

4. Did you have to confirm the zero balance on the timeshare?

Yes, you’ll need to contact your original lender to request a letter confirming the zero balance. This letter must then be sent to the transitions team multiple times.

5. Do the annual fees stop automatically after approval?

No, even after you’re approved for the program, annual fees don’t stop automatically. You may still receive invoices and will have to follow up to confirm in writing that you no longer owe any fees.

6. Was there a long waiting period during the process?

Yes, there’s often a long waiting period. You may have to leave messages and wait weeks for updates. Emails might go unanswered for some time, and you’ll likely need to check in frequently.

7. How long does it take to receive updates during the process?

It typically takes about five months of waiting, calling, and emailing before you start getting consistent updates. Eventually, your calls should be answered, and the team will begin contacting you directly.

8. Did the company change its approach during the process?

Yes, in many cases, the company reorganizes or hires new staff midway through the process, which can lead to faster responses and better communication.

9. What paperwork do you need to complete?

You’ll receive a packet of documents that must be filled out and notarized before the timeshare transfer can move forward.

10. Is there a fee involved to complete the transfer?

Yes, once you send back the notarized paperwork, you’ll need to pay transfer fees. This can feel frustrating, as you’re paying to exit the timeshare even though it may later be resold.

11. How will you know when the transfer is complete?

After you’ve paid the transfer fees and completed the paperwork, you’ll receive official confirmation that the transfer is complete.

12. Will you receive any further invoices after the transfer is complete?

Yes, it’s possible to receive invoices for annual fees even after the transfer. You’ll need to call and confirm in writing that those invoices were sent in error and that you don’t owe anything further.

13. How long has it been since the timeshare exit was completed?

It’s typically about two years since the process was finalized. Despite the long wait and frustrations, most people find the outcome mostly successful.

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