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Re: WALK AWAY FROM TIMESHARE (by KC):

henrye30 wrote:

I would like to hear from anyone who walked away from a Diamond Resorts time share. I thought I was buying into a new program, but it turns out it was the same points program I already had.

DRI has had a "deedback" program in place for some time now. I vaguely recall that DRI charges a $250 fee, but I am not sure if it is available for a non-deeded "points" package. If deedback is an available option, a clean, mutually agreeable parting would seem to be a better option for peace of mind than just "walking away". Of course, there must be no unpaid loan balance and no unpaid maintenance fees in order to be eligible for "deedback" in the first place (this is the same policy for virtually any timeshare resort or "chain" that accepts deedbacks). DRI's deedback fee is among the lowest I've heard of; only Wyndham's "Ovations" program is lower (i.e., it's zero). Good luck.

"Deedback" acceptance seems to be a growing trend. More and more "chains" (and independent resort homeowner associations too) have come to realize that accepting return of a unwanted ownership via voluntary, lawful "deedback" is much less expensive and much less time consuming than having to untangle the legal mess and muddled ownership situations created by the (far too many) fraudulent and useless so-called "exit / release / escape / rescue" parasites out there, all happily taking people's money but ultimately providing nothing of any use or value in return.