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Re: Special Assessment / Class Action Lawsuit! (by Richard W.):
haroldw42 wrote:Who is working on this class action law suit and what will it cost us unit owners, for if the costs are large, we can not pay anymore out on this timeshare, but if the lawyer's fees are a % of the settlement than we want to be part of this type of suit. rpwhiterichardw235 wrote:Please count me in for a class action law suit. We are definitely being scammed and we are sickof it.davidr422 wrote:I received my special assessment AFTER it was due. Now they are trying to charge me $79 in late fees. After trying to figure out how they came up with that number, I referred to their letter which states that "late fees are calculated at 18% annually or 1.5% per DAY". It's supposed to be 1.5% per month! If anyone has been charged a late fee, you should do the math. We were charged late fees last year and now I'm going back to recalculate that too. I have not contacted them as of yet.Additionally, if you do the math on the building, there are 52 owners (weeks) per unit (I believe there are 90 units). Now each owner has paid their $600 or so maintenance fee for two years with a net profit of $5.62 million. Now, they're saying they don't have enough money and are charging an additional fee of $685 (or so) in two installments which will net them an extra $6.4 million. So basically, in the last 2 years, they netted $12.02 million dollars without ever having a guest! Not a bad scam. As for class action, I'm definately in!
What is the cost to those of us who want to be part of the class action suit? Hopefully no cost just whatever the lawyer wants if we win. Please Let us know about this action? rpwhite30@gavtron.com