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Re: Diamond Resorts Transfer Fee
[Re: FlamingoPete]
#152145
01/12/2018 04:40 PM
01/12/2018 04:40 PM
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Joined: Mar 2001
Posts: 17,549 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,549
Ohio
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Has anyone been able to avoid paying the $250 transfer fee when they have given their fixed week back to Diamond Resorts? Our contract dated May 1992 does not say anything about a transfer fee only that all amounts owed must be paid in full.
WHY would you pay a transfer fee if you are giving your week back? Can't you just walk away and be done?
J.D.
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Re: Diamond Resorts Transfer Fee
[Re: FlamingoPete]
#152163
01/12/2018 07:41 PM
01/12/2018 07:41 PM
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Joined: Apr 2001
Posts: 14,649 Brookfield, CT.
pat
Traveler
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Traveler
Joined: Apr 2001
Posts: 14,649
Brookfield, CT.
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Between family and friends we have returned multiple weeks and units to the Towers and we haven’t had to pay any fees to walk away. The only requirement was a letter, signed and notorized by ALL owners, had to be presented to them. Provided the unit is owned outright with no monies still owed towards the financing of same, i think the fee thing is wishful thinking on their part. Has anyone just walked and if so, do we know if they suffered any consequences?
Respectfully,
pat
"Always keep your words soft and sweet, just in case you have to eat them."
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Re: Diamond Resorts Transfer Fee
[Re: Tom]
#152185
01/13/2018 09:15 AM
01/13/2018 09:15 AM
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Joined: Mar 2001
Posts: 17,549 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,549
Ohio
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Thanks Tom.
I also hear several different ads on the radio for service to get you out of your timeshare. I am sure they charge a handsome fee and there seems to be a lot more of them since the natural disasters.
I did a quick search of several different "timeshare exit" companies and they all seemed to have one thing in common. FREE consultation but a "FEE that will vary based on individual circumstances and factors". In other words, they will talk to you for FREE but will get as much $$$ out of you as possible in the end.
A timeshare bought in and owned by a US based company will have different laws governing the purchase/exit than one bought and owned by a non-US company.
J.D.
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Re: Diamond Resorts Transfer Fee
[Re: FlamingoPete]
#152261
01/13/2018 04:55 PM
01/13/2018 04:55 PM
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Joined: Nov 2009
Posts: 460 Estes Park, CO
Yana
Traveler
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Traveler
Joined: Nov 2009
Posts: 460
Estes Park, CO
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My experience with Diamond Resorts is from Colorado, where our independent resort was purchased and improved by DRI. I had two reasons to relinquish my TS. Maintenance fees trippled and we bought second home about a mile from TS over two years ago. I was happy to be able to go thru official process established by DRI and let my week go for $250. It took four months, but I have not heard from DRI since. If you decide to go this way, take in consideration timing of your transaction. Annual fee has to be paid and you should take advantage of your pre-paid week before you request the transfer. I used my July week and immediately started the process to avoid invoice for next year use. It worked for me. Good luck!
There is no place like SXM.
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