Original Message:
Re: Diamond Resorts reduces owner benefits again! (by Laurie B.):
Let me ask if you are a deed owner or points? My understanding is if you own a deed DRI will sue the deed owner for the yearly fees. If you own points (which we do) they may possibly do a termination of vacation ownership agreement for a transfer fee of $250 per contract. My husband and I will pursue this alternative in late November as we have some lose ends to settle before DRI can possibly hurt our credit. Our agreement is paid in full from the get-go and we have been paying the yearly maintence fee which continue to go up....last year it was $3200 now they are charging us over $7000.00 (more than our calif. property taxes) something is wrong with this picture. Lord help us all!