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Original Message:
Re: Getting rid of your timeshare (by Lisa C.):
Oh no, I've got one that is probably worse! We own in Premiere Vacation Collection which is now with Diamond Resorts. We initially bought at Los Abrigados in Sedona, AZ in 1998. Since then we were naively "upgraded" (NOT!) to Premiere and then a couple of years ago the whole ILX, Inc. went bankrupt and was bought out by Diamond Resorts who operates on a point system thereby changing the whole nature of our ownership which now looks like allocated points rather than a "week" within the Diamond system. To complicate matters further, they are now demanding that we pay something in the range of $5000 to buy more points from them to give our timeshare trading power because within Interval International, we still exist as a "week" which is becoming obsolete. In other words, our timeshare has been reduced to having value ONLY in Diamond's collection and cannot be otherwise traded using Interval or RCI. Talk about a scam! Diamond has stated more than once to us that they have no deed back program, and attempts to give it away on Craigslist have failed.