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Transitions is finally announced

Discussion in 'Diamond Resorts International / Embarc Resorts' started by DanZale2000, Dec 29, 2017.

  1. bobby

    bobby TUG Review Crew: Expert TUG Member

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    I think $750 is reasonable for a resort to deed back. With poor resale opportunities, the resort will be getting stuck with inventory and the costs for existing owners will rise. Consider how so many people with off season weeks can't get rid of them in any way - deed back for $750 is a bargain.
     
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  2. nuwermj

    nuwermj TUG Member

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    @bobby In this case it is not the resort HOA taking back the deed. The developer takes the deed and thereby becomes responsible for the annual fees. Diamond will then convert the deed to points -- dump it into the trust fund -- and sell the newly created points. So, that off season week is part of a large pool of deeds and the trust fund is paying the fees. If half the deeds in the trust fund are off season, while four-fifths of the points are demanding peak season, well, that's just the way these pure point systems work. Everyone is sold a "red week" because "points are points", regardless of how many red weeks the trust fund actually owns.
     
    Last edited: Sep 23, 2018
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  3. JanKT

    JanKT TUG Member

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    Thank you to those who are sharing their timeshare experiences through this TUG Forum.

    For many reasons we are motivated to be rid of our timeshare through DRI Point at Poipu. We've joined TUG recently, done some of our own research and contacted DRI regarding their Transition program. According to the initial contact, and consistent with the guidelines I read, we were confirmed as "qualified" to apply. I am interested in hearing from members who have had experiences, either positive or negative, successful or not, with the DRI Transition program. Does it work? What are the costs beyond the $750? And what are those costs for? How long did it take? What are the pitfalls? What should we look for to assure success? Why do they state any engagement of a timeshare exit company will disqualify from the program? Any feedback or personal experiences would be great. Many thanks! JanKT
     
  4. TUGBrian

    TUGBrian Administrator

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    you can read the sticky above, hundreds of TUG members have successfullly used the dri deedback program to give back their unwanted DRI timeshares.

    despite it just being "announced" relatively recently, the program has been in place for over 3 years.
     
  5. pedro47

    pedro47 TUG Review Crew: Expert TUG Member

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    I do not feel the resort is stuck when you turned in your deed to Diamond.
    DRI, can resell that timeshare for big dollars or they can rent it out.
     
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  6. artringwald

    artringwald TUG Member

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    DRI loves to get back deeded weeks so they can add them to the points collection. The Point at Poipu has been voted the best resort that they own, and has very high occupancy rates. They even pay all the delinquent HOA fees so they can add foreclosed properties into the points collection.
     
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  7. JanKT

    JanKT TUG Member

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    Brian, Pedro47, and artringwald: Thank you for the additional comments on this thread. Do you have any suggestions on how I might be able to find and connect with a former owner who had a successful deedback just to understand how they viewed the process, and what might make it work more smoothly? Many thanks! JanKT
     
  8. artringwald

    artringwald TUG Member

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    DRI: The Point at Poipu, 3 deeded weeks, 1 of which is in The Club.
    Have you looked at this thread?

    https://tugbbs.com/forums/index.php...e-back-your-diamond-resorts-timeshare.224859/

    Several of the people have posted on that thread that their deedback was successful. You might start with one of the more recent posts and send them a message. If they said you qualified, I think there's a high probability that it will go through, but I don't know how long that might take. Here's the poll from that thread:

    upload_2018-11-9_14-33-35.png
     
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