Class Action Against Diamond Resorts?

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Original Message:

Class Action Against Diamond Resorts? (by Lance C.):

brendag239 wrote:
wanting more information on how to get of my "mortgage", timeshare held with Diamond Resorts without paying an arm and a leg.

For one thing, it's likely that the mortgage is being held by a third party finance company, not with DRI but I could be wrong so you should check your papers.

The only way to really get out of such a mortgage is to stop paying. Obviously you would face consequences such as harassing collection calls and letters and likely a ding on your credit score or rating. You might even have a talk with the mortgage lender and see if you can negotiate some sort of a buyout solution where you will pay only a portion of the remaining mortgage.

But do not seek out various companies or law firms (they will cost you an arm and a leg) who claim they can magically make your mortgage disappear.