Original Message:
Diamond and other "Deedbacks" (by KC):
deborahc429 wrote:Have you worked with Diamond to resell your points back? Or do you know someone that has and was this transaction recently? We are trying to sell ours, and we just want the fees for the sale nothing more. No takers yet! And if we can sell them back to them, for that same deal that would be great. Not sure if that is possible. So if you can provide me with more details and who was contacted so that we can start down that path. Thanks for any details you can provide.
DRI will take back Diamond ownerships if you pay DRI a flat $250 fee. Contact DRI directly for procedural details. You are not likely to be able to sell Diamond points at ANY price in the resale market and DRI is certainly not going to BUY them back from you, so paying a one time fee of $250 to DRI to get "out" would provide an effective and prompt "exit", with minimal effort and without involving (or paying) any useless third party thieves who offer empty promises to do what you can easily do for yourself --- and for a lot less money.
Unfortunately, options to so easily "deed back" timeshare ownerships are still the exception rather than the rule in the industry and will not involve receiving monetary compensation. With Wyndham's "Ovation" program, there is no cost to "return" the product (once / if first approved in advance by Wyndham). In the case of DRI (and with those relatively few independent resorts which may accept "deedbacks"), you will actually have to PAY the company / HOA anywhere from a few hundred dollars to 1-3 years' worth of maintenance fees in order to have the "deedback" accepted --- and informed, overt "acceptance" of ANY "deedback" by the recipient is ALWAYS a basic, fundamental legal requirement.