We own fractional timeshare in Diamond resorts with 14 years left. We have been contacted by the Timeshare Advice Bureau telling us that our fractional points purchase was a scam and that we will still be paying maintenance fees in perpetuity. Who, if anyone, do I trust ? Mike
I have waited an hour for a response. Do you need more information? I imagine you have had requests re Diamond Resorts Timeshare before.
Not yet. Two 'phone calls so far. I postponed his next call due to my terminally ill daughter. According to " Mindtimeshare" on the net, the "Information Advice Bureau" provide a "dubious helpline" and were originally the "International Timeshare Refund Action Group"
It seems to me , through their documentation that there appears to be a clear intention to sell the property in Dec 2027 - " each property shall be sold on, or as soon as reasonably practical, after the Proposed Sale date" There is also specified a process including obtaining valuations between 9 and 6 months before the proposed sale date.
Owners remain responsible for the payment of management fees until the property is sold which I presume is the danger. It will be some time yet before the first properties are due to be put up for sale. I still feel that I am in a better position now than I was - or my children were - previously before transferring to fractional points, when faced with the prospect of paying management fees until 2054. Am I correct ?
So if you were in my shoes, would you just hope that Diamond do manage to sell the property in 2017 ?
Have you dealt with any other Diamond members previously ?