How do I Get Out Of My Diamond Timeshare?
Are you wanting to get out of a timeshare with Diamond?
It is definitely stressful when you find yourself with a Diamond timeshare you no longer want. Getting rid of a Diamond timeshare can be difficult task. Sometimes life has changed or perhaps you were lied to when you bought your timeshare. It is definitely a challenging situation. So what do you do if you want to get rid of your DIamond timeshare?
Your first step should always be to try and work through it with your developer - in this case Diamond may be able to help you - but as we have found many times timeshare owners are given the runaround when it comes to getting rid of their timeshare.
Some developers have ‘take back’ programs for paid off timeshares. However, unless it is stated contractually when you bought, no timeshare developer is obligated to take back your timeshare. You can always try to sell the timeshare, but then you must wait and hope someone buys. There still is the cost of transferring the timeshare to the buyer and the glut of timeshares available on the market is staggering.
What if your timeshare is still financed? Does it make sense to continue paying for a timeshare that you no longer want? This is especially a difficult question if you were lied to when you bought your timeshare. What options do you have if you were lied to?
You can always try and dispute the timeshare with the developer, but as many of our clients have shared this process is especially painful to do alone. Many times our clients were lied to on multiple occasions and don’t know where to begin in the dispute process.
The biggest infractions we find across the timeshare industry are:
- False Sense of Urgency - Were you told you had missed an option to buy and led to believe that you had to do it right now or miss out forever?
- Rental - Were you promised you could rent your timeshare and get rid of your maintenance fees through rental income?
- Refinance - Were you told you could refinance your timeshare for a lower interest rate and bought with that contingency?
- Exit Options/Resale - Were you told you had to purchase to get an exit option or could resell the timeshare later for a profit?
There are many issues that we have faced in our duties helping timeshare owners cancel timeshare contracts in which they were lied to. However, these four issues seem to be a consistent theme when interviewing our clients.