Report Abuse

[Q=nooneyouknow] Update: Un-timesharing Apple Valley has been accomplished. Owners have received $1200 each, with a small additional amount to come sometime in the future. Not bad, all in all.[/Q] To add a little more to this, the lawsuit to "partition" Apple Valley was the largest lawsuit ever in the State of Ohio in terms of the number of parties to the lawsuit, more than 1500. From the 2016 announcement to terminate the resort: "The processes required to complete the objective is intense and time-consuming, including a title search on more than 1,500 deeds (to establish an insurable title), and the activity required to conduct a proper Partition Action in the Court of Common Pleas in Knox County, Ohio." There was a Special Assessment to finance the partition, dissolution, and liquidation, more than $800,000, and only 105 owners stayed the course, and received something from the net proceeds. Looks like about $2000 each. (If you think it's hard to "do" a resort, it's harder to "undo" a resort. You start form zero and build to 1500 owners building it, but it's harder to go from 1500 to 1 owner to undo it.) I've been watching to see what comes next because I think it will make a nice little golf/fishing/vacation/vacation rental/starter or retirement home project. Pretty place: https://www.applevalleyresort.com/pictures/AVAeria.jpg The long version of the demise . . . it stumbled, but took 20 years to fall: https://www.applevalleyresort.com/pictures/AVR%20Website%20NOTICE%20re%20current%20status%207-18-16.pdf