Diamond Resorts and Its Perpetual Mortgage Machine

Diamond Resorts and Its Perpetual Mortgage Machine by Roddy Boyd, The Foundation for Financial Journalism Since 2007 the website of Diamond Resorts International has made people think their personal six-night stay in heaven is only a few clicks away. Online the company’s resorts, full of beaches and golf courses, still beckon. But Diamond is a …

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Hilton Lawsuit

Hilton and Its Board Made False Statements to Shareholders About Diamond Resorts Acquisition Potential Contract Cancellation

Hilton Grand Vacations Inc. (Hilton) and its board of directors have been hit with a lawsuit for allegedly lying to shareholders and misleading them in the company’s acquisition of Diamond Resorts. The lawsuit was filed on May 7 in New York by lead Plaintiff Marina Clough, who alleges that the company and its board have …

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Summer Bay Sink Hole

Summer Bay Contract Cancellation  Violation From Neglected Sinkhole Disclosure.

Summer Bay Contract Cancellation   For years now Summer Bay has neglected to disclose the sink holes littering the Summer Bay property. This has caused massive reductions in value for each owner averaging $60,000 in property loss. With most of the contracts selling at $15,000-$20,000 having a $60,000 loss puts the timeshare at a negative …

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