Are you thinking about canceling your Diamond Resort timeshare? Is it getting hard to bear the maintenance fee? Well, you are not the only one. There are many people who want to cancel their timeshare.
However, the process is not as easy as it sounds. Some people are facing scammers every day. On the other hand, the timeshare company is not going to be 100% clear. Overall, it can be very tricky at some point.
If it’s your first time and you are finding it difficult, we have some solutions. We are going to tell you some secrets that everyone should know while purchasing a timeshare membership. You can also take some notes while reading this article.
In this article, we are sharing the best ways to cancel Diamond Resorts cancellation. Well, you have to consider some crucial factors. So, you have to read each point carefully. They can be very beneficial for you. Let’s find out.
Who Owns Diamond Resorts?
You see Diamond Resorts is one of the top vacation companies right now. This company was founded in 2007 by Stephen J. Cloobeck. He started this company when he was leading a group of investors.
After that, the Diamond Resorts team started growing their business worldwide. The headquarter of this company is located in Las Vegas, the US. Moreover, they have a network of over 300 destinations right now. This company is available in 35 countries worldwide.
Even though Cloobeck founded this company, Michael Flaskey was selected as the CEO. Diamond Resorts is popular for sponsoring golf tournaments such as the PGA TOUR. They got more popular in 2014 when they started working for multiple events.
However, 2016 was the best year for this company as Apollo Global Management announced a huge deal of $2.2 billion. In that year, many people purchased their timeshare. However, some of them are having a second thought as they have a high maintenance fee. If you want to cancel your timeshare as well, you have to read the following section.
How to Sell a Diamond Resort Timeshare
You see, Diamond Resorts timeshare comes with a rescission period. If you can’t cancel the timeshare during that time, it would be best to sell it. Well, it’s not that easy to start the process.
To start the process, you have to call the company first. Diamond Resorts is a reputed company and they can take care of your ownership. On the other hand, you can get help from a timeshare exit company as well.
Well, you can list your timeshare online too. The process is very easy. However, if you have a loan, the company will list your timeshare as ‘encumbered’. So, you can’t sell it.
How to Get Out of a Diamond Resorts Contract
If you don’t want to sell your timeshare, you can also get out of the contract. Well, this can be a little tricky. If you are doing it during the rescission period, you can save a lot of money.
If the period is over, you have to take legal help to get out of the contract. Make sure you are being careful while doing this. Keep yourself away from scammers.
Conclusion
Finally, you know how to cancel a diamond resort timeshare membership. Before you start the cancelation procedure, make sure you are reading the policy and lawsuit completely. There are so many things that the company can hide from clients. So, you always have to be careful in this case.
We have shared the two best ways to cancel your timeshare with Diamond resort. However, you can do hassle-free cancelation during the rescission period. If you want to know more, make sure you are contacting a timeshare exit company that has extensive experience in the timeshare cancellation business.
FAQs
Q: Can you cancel Diamond Resorts membership?
Yes, you can cancel Diamond Resorts membership. However, it would be better if you are doing it directly with your developer. Plus, it’s also safe for you.
Q: What happens if you stop paying Diamond Resorts?
When you stop paying Diamond resorts, the company will set the timeshare at an auction. In this case, you have to face a judicial foreclosure as well.
Q: How do I cancel a timeshare after rescission?
There are various ways to cancel a timeshare after the rescission period. However, you should sell the timeshare. It can be the easiest way.
Q: Can I just stop paying my timeshare maintenance fees?
Yes, you can stop the maintenance fees. However, that means the company will take care of your timeshare. They can also set it up at an auction.
Q: How can I get out of my timeshare without paying fees?
There are various ways to get out of your timeshare without paying fees such as selling the timeshare, renting it, or selling it back to the company.