Original Message:
Re: Diamond Resorts reduces owner benefits again! (by Cindy K.):
RE: "I asked the lady who I spoke with what would stop them from assessing us $10,000! They can do anything they want. "
So, this was my complaint in Sedona. We asked Sunterra (of course they were hiding that they were in the process of being sold to DRI) whether the assessments would go up. They covered up the truth hidden in their "Statement of Information" required by AZ law. They didn't provide it before our signing (and only provided it afterwards in an unreadable format). They state that there is nothing to stop them from assessing any assessment they desire.
This is why the state's requiring this STatement of Information before signing is KEY! Only here do they tell the truth. And, that is why they don't give it until after you sign. And they don't provide give it in a way that it can be read. When I finally was able to open up the CD, in big, bold letters AZ requires them to write a notification: "We recommend that you do not sign documents until you read these disclosures." AZ knew it was problematic, you see. They think they're covered because they tell them to give it before you sign. But...if AZ doesn't hold DRI accountable, the law is useless.