Archive for the ‘doublediamondinc’ Category

​More than 450 current and former property owners at a Lake Whitney residential golf community, including dozens of locals, are suing Dallas-based developer Double Diamond, Inc., claiming they were charged exorbitant fees by a puppet property owners' association that funneled the proceeds directly to the company. In some cases, the complaint alleges, the fees became so burdensome that some of the plaintiffs were forced to walk away from their property, which they allege was subsequently foreclosed upon by Double Diamond's financing arm. It all began, according to suits filed in Dallas and Hidalgo county courts, with an invitation to tour the White Bluff Resort -- an offer that included free golf clubs and a stay at the resort's signature inn. What followed, plaintiffs claim, was a high-pressure sales pitch in the "closing room," where salesman were allegedly instructed that a potential buyers has to refuse 10 times before they are allowed to leave. After each pitch, the complaint says, the salesman would leave the room to allow a husband and wife to have a private discussion. But the sales force was allegedly eavesdropping, then adjusting the pitch accordingly.