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Re: Manhattan Club Lawsuit (by Gerard S.):

In my experience TMC begins their process of collecting maintenance fees about April of the preceding year via mail & telephone, so when collecting for 2016 they actually want it paid in full at midnight on Dec 31, 2015. If not they warn that come January there is a 16% penalty for the unpaid balance per month.Mine was $2100. for 2014. If they have your debit or credit card number handy they blind side you & take the fee at their convenience. What a surprise when you didn't count on that for that months budget. Lets face the costly mistake made here by many. They "wine & dine" you with free parking,restaurant vouchers & Broadway tickets to get you to sign away on legal documents that represent a real estate deal in court just like your house(mortgage,maintenance & real estate taxes).In reality you just bought "time" not property.Around 2-3 weeks later you receive this 5 lb "War & Peace" sized book written in "legalese" that is designed to protect TMC from you the "owner" in court. On the cover of the book it states "This offering contains a high degree of risk".In fact the moment when you sign off on it & go home its similar to buying a new car and driving off the dealership lot it just started to depreciate. Some of the sales people remind me of used car salesmen.I'd like to see timeshare go the way of the VCR & 8track Tape. The bottom line is if you want to vacation just call the hotel yourself and book it for whatever day or time of year you desire. Best wishes to unhappy "owners".