HOW TO GET OUT OF DIAMOND RESORTS TIMESHARE
Are you wondering, How to get out of Diamond Resort Timeshare? Look no further, you’ll find all the information in this article.
- Cancel your timeshare within the rescission period.
- Write a well-crafted cancellation letter to cancel your contract.
- Sell or Rent your Diamond Timeshare contract.
- Cancel your contract with a reputable timeshare exit company.
Who Owns Diamond Resorts?
Diamond Resorts is a timeshare industry, with properties spreading over the globe. It’s part of the Hilton Grand Vacations portfolio. It’s backed by one of the biggest names in hospitality.
Diamond Resorts Cancellation Policy
If you’re looking to cancel your Diamond Resorts timeshare, you first need to understand the cancellation policy. There is a period that allows you to cancel your contract after you’ve signed it. No questions asked. This period is called the rescission period. In many states, this period lasts only a few days. For example, in Nevada, you have just 5 calendar days to cancel a timeshare purchase. If you’re still within this window, consider yourself lucky—just send a written notice to the company, and you’re free.
You can typically find your rescission period at the beginning or end of your contract. The location of your purchase determines the length. The reason is that rescission laws differ in every state in the United States. Some states have a 5-day rescission period; others have 7. We have seen a standard range of 3-14 day rescission.
Another important tip is that most rescission laws require you to mail a written cancellation letter. We’ll make it easier by advising you to purchase the overnight mail option.
When it comes to rescission, submitting any documentation outside of your timeframe will automatically disqualify you from this opportunity. Spending a few extra dollars to avoid ineligibility is one of the best actions you can take here.
Sell Your Diamond Resort Timeshare
If you missed your rescission period, you can consider selling your timeshare. Some conditions you should keep in mind.
- No accrued debt on timeshare payments. You must be up to date!
- No liens on the vacation property.
- Must have directly purchased through Diamond Resorts or from someone who bought directly from them.
- You must pay off the timeshare. No mortgage/loan balance.
Rent Your Diamond Resort Timeshare
Renting out your Diamond Resorts timeshare is a great way to cover maintenance fees when you can’t use your vacation time.
To get started, list your timeshare on trusted rental sites like RedWeek or Timeshare Users Group (TUG). Highlight important details like location, facilities, and peak travel dates to attract renters.
Be clear about the rental terms, such as the price, length of stay, and check-in process. Once you find a renter, work with Diamond Resorts to transfer the reservation into their name.
Make sure you follow Diamond Resorts’ policies for third-party rentals to avoid any issues.
Hire A Reputable Timeshare Exit Company
You are not out of options to cancel your timeshare. You just require assistance from a professional. This is why we recommend you hire a timeshare exit team that works alongside attorneys. Keep in mind that the industry is full of timeshare exit companies and legal firms. And not all of them are reputable.
The FTC and the BBB warn yearly to avoid paying up-front fees because of the multiple timeshare exit scams. This is why our team only recommends you hire a company that offers a no up-front fee escrow payment option, so you stay protected against a scam.
By canceling with escrow, you remove all the risk of becoming a victim of a timeshare exit scam.
Escrow eliminates all up-front fees paid directly to the exit company. By doing this, you hold the exit company accountable to complete the services they promised. Otherwise, they will not receive payment.
But tons of exit companies exist. How do you know where to start? Or which ones offer escrow? No one has time to research and hear out every single company. So, what do you do?
We recommend you first fill out our short quiz on the right side of the page. Next, we suggest you initiate a live chat with one of our specialists or call us! We’ve diligently researched as many companies as possible, so you don’t have to. We’ll help you select the best exit company ideal for your current situation.
diamond resort timeshare Reviews
Diamond Resorts holds a 1.1/5 star rating on the Better Business Bureau (BBB) after being in business for over 32 years.
Many customers are highly disappointed with their experiences, citing issues such as high-pressure sales tactics, poor customer service, and sudden fees.
One frustrated reviewer even mentioned being harassed by constant sales calls, despite repeatedly requesting to be removed from their call list.
Others complain about rude sales representatives when they decline to make a purchase. These troubling reviews should act as a warning to potential buyers. If you’re struggling with a timeshare, think twice before paying for help from an exit company, as many can be just as unscrupulous as the timeshare industry itself.
Diamond Resorts Timeshare Complaints
Diamond Resorts has faced many complaints from customers who feel misled and frustrated with their timeshare experience.
Many complained the company misrepresented its points system and didn’t fully disclose key details, such as the inability to cancel the contract.
One customer was shocked to learn the timeshare commitment lasts a lifetime, with fees passed down to heirs.
Other complaints focus on aggressive debt collection after missed payments and false promises about non-refundable vacation packages.
There’s also confusion about ownership transfers after Diamond Resorts was bought by Hilton Grand Vacations, leaving customers unsure of who they are dealing with while still paying high maintenance fees every year.
Diamond Resorts Lawsuits
Diamond Resorts, now part of Hilton Grand Vacations, recently achieved a key legal victory over third-party timeshare exit companies. This lawsuit targeted companies like Pandora Marketing and Intermarketing Media. These firms falsely advertised their ability to legally cancel timeshare contracts.
The court ruled that these exit companies did not deliver the services they promised. Instead, they urged timeshare owners to stop paying their fees. This action led to foreclosures and harmed the owners’ credit.
The ruling emphasizes that these exit companies are violating the law. Diamond Resorts aims to protect timeshare owners from such scams. They are committed to providing real solutions for those who want to exit their timeshare agreements.
Diamond Resort Pros And Cons
Pros:
1. Access to over 370 vacation destinations around the world, offering flexibility in travel options.
2. Many properties offer large suites with full kitchens, private patios, and amenities like pools and activity centers.
3. Membership allows you to exchange your timeshare for stays at other resorts within the network.
Cons:
1. Maintenance fees and special assessments can increase unexpectedly, adding to the financial burden over time.
2. Popular destinations and prime travel times are often booked up far in advance, limiting your ability to use your timeshare when you want.
3. Timeshares often lose value over time.
4. Beyond the upfront purchase price, there are often hidden fees and costs.
5. Diamond Resorts has faced multiple lawsuits and negative reviews from members.
Q. How much does it cost to cancel a Diamond Resorts timeshare?
The cost can vary widely depending on the method you choose. Some companies charge thousands of dollars in upfront fees, while others might offer a more affordable payment plan.
Q. How long does it take to cancel a Diamond Resorts timeshare?
If you’re within the rescission period, it can be as quick as a few days. If you’re past that, it could take months.
Q. Are there any risks involved in canceling a Diamond Resorts timeshare?
Yes, especially if you’re dealing with a third-party exit company. Many of these companies are scams, and you could end up losing a lot of money without actually getting out of your timeshare.
Q. Can I sell my Diamond Resorts timeshare instead of canceling it?
Selling a timeshare is extremely difficult. Many timeshare owners find that selling is not a feasible option, which is why they look into cancellation instead.
Conclusion
So, where does all this leave you? If you’re looking to cancel your Diamond Resorts timeshare, your best bet is to be extremely careful. The timeshare exit industry is riddled with scams, and it’s easy to fall into a trap. Before you hand over any money, do your homework. Read reviews, ask for references, and don’t be afraid to walk away if something doesn’t feel right.
At MyTimeshareExitReviews, we understand how overwhelming this process can be. That’s why we work with reputable timeshare exit companies that don’t charge upfront fees and offer escrow services to protect you. We’re here to help you get out of this complicated process and connect you with professionals you can trust.
Reach out to us today, and let’s figure out the best way to get you out of this mess—without falling into another one.
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