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Re: New Owners Need Advice (by Paula P.):

Hi--We are also about to close on a unit. I looked into the issue at the time as, like you, I became concerned when I saw all of these postings. We learned that everyone is at the end of a 3-year assessment for general upgrading and installation of the murphy beds instead of the pull-out sofa beds...which will make the lock-outs more usable and is a nice feature. In the middle of that 3-year period, a sinkhole appeared in the parking lot of the hotel. From what we were told, the cost of the repairs was split in half between the hotel and the timeshare association. The association then divided their portion in the form of a special assessment in equal shares to all members. I'm sure that this cost, on top of the 3-year assessment they were already paying, angered a bunch of owners, and rightfully so. But from what we were also told, there's enough money now to keep maintaining the property and continue to enrich it slowly over time...and that further special assessments are unlikely...with the exception being acts of God type things like the sinkhole. I don't know about you, but this put our mind at ease and we are continuing forward.

If anyone knows differently from what I've described here, please let us know.