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Re: Open Letter to Steve Cloobeck, Diamond Resorts International CEO

Hello, RedWeek is about to publish a definitive article about the best steps for people who need or want to cancel their timeshare. One of our major recommendations is to contact your HOA or developer first to see if they have a program that might help. If they don't, contact a licensed timeshare resale broker to get their feedback on the potential resale value and demand for your timeshare (LTRBA.ORG). If your timeshare has no resale value, they will advise you of options. An attorney who deals with timeshare contracts would share that information with you as well. All RedWeek subscribers can ascertain the general value of their timeshares on their resort page, where we list prices for all potential resales as well as rentals. Start your research on your home page. One caution: do not sign up with any "redemption" or transfer company that requires an upfront fee. That is usually a clear tipoff that you are dealing with a ripoff company.