Back in March of this year, I was in the UK speaking at TATOC's (http://www.tatoc.co.uk) conference. While there, I found out that Diamond Resorts International (DRI) offered UK owners a way out of their timeshare, referred to as "Resignation of Ownership", provided that one of four criteria were met.
These criteria are:
In recognition that there can be certain exceptional circumstances for owners, Diamond Resort will take into consideration the following:
1. Death of either member with no possibility of transferring to family members – copy of death certificate will be required.
2. Bankruptcy or CAB/ solicitor’s involvement to resolve serious debt issues – specific documentary evidence detailing income, outgoing, assets and liabilities will be required.
3. Over 75 years old with no possibility of transferring to family members – copy of birth certificate will be required.
4. Medical problems/terminal illness necessitating reduced travel and/or decrease in financial resources to maintain membership – medical evidence will be requiredNow, you would think that this is a good thing. Diamond doing a good thing for their owners that don't have other options.
So I called Diamond and asked if these criteria were in place for US owners. Months went by with no answer. I e-mailed. Again, no answer. I called again and this time I was told that unless I was an owner, they would not talk to me.
So, Diamond...what's the answer???