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Re: Diamond Resorts reduces owner benefits again!

[Q=sherik43] to michaeld414; i wrote an earlier post on page 18 regarding point owners, it was addressed to laurieb. it discusses what i learned from the Collections Dept. Supervisor. he explained what will happen according to the ABC policy (Assessment Billing Collection policy). in short, just do not pay the assessment and they will not pursue you legally. read the post and call the supervisor and go through the policy point by point taking notes or, better yet, record the conversation. the ABC policy is with your annual statement. they view deeds differently. they foreclose on deeds.[/Q] If were a weeks owner and converted to points and you surrendered you deed, there is essentially nothing for them to gain through a foreclosure, they already have the deed. If you are a points owner and did not surrender your deed, then I would presume they will foreclose in order to obtain the deed. If you have been a points owner from the beginning, I would presume again no foreclosure is needed unless you were issued a deed. I think what you have in lieu of a deed is a "certificate" of points owned.