Class Action Against Diamond Resorts?

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Re: Class Action Against Diamond Resorts? (by Irene P.):

RedWeek is not a scam, but if you want to buy or sell a timeshare, contact the Licensed Timeshare Resale Broker Association. I know several of the members, some who have been working the timeshare secondary market for decades.

My husband and I used and enjoyed our timeshares for over 25 years until Diamond purchased ILX. If someone pays $50,000 for Diamond points, suffers a catastrophic illness that does not allow them travel, there is no secondary market. They can surrender, but receive 0 for the points. Members of the LTRBA will buy and sell all timeshare programs except Diamond resorts. Westgate has an almost non existent market but I did find one member who will attempt to sell a Westgate week.

People have no idea they are signing a multi-generational perpetual contract because the Diamond contract says you can sell points. The problem is that you have to find your own buyer, or resort to scams, because not one of the 64 members of LTRBA will buy or sell Diamond points. They feel the points become worthless the moment you sign your contract. Diamond points are like an expensive country club, except that if you die, their contract says your heirs, successor trustees and personal representatives are bound by the contract for eternity. Who, in their right mind, would sign off on that? I have a Masters degree in business, read the contract, but thought I could sell our points like we would a house not understanding they have put restrictions on the use of secondary points to the extent there is no secondary market. Diamond says the LTRBA members just don't understand the Diamond program despite several members having decades of experience.

I know how to use our points, but signed a second contract because Diamond said they were adding New York hotels. Our daughter lives in NY. It would take $12,700 in equivalent maintenance fee dollars to stay one week at the same hotel for the same week for $2,300, including tax. If that is not deceptive, I don't know what is. If we want to stay in the Ozarks or Orlando, which we don't, there is great value.