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Re: Manhattan Club Lawsuit (by Sally W.):

Thanks, Chris, you're probably right. I guess I'd better wait. But wasn't this lawsuit started in 2011? Any idea as to when it will be over? Do you know where I can read up on/get details of this specific lawsuit? What, exactly, is the lawsuit asking for: compensation for lost weeks? to allow owners out of their contracts? reduction of maint. fees? stop booking hotel stays for non-owners? I mean, what's the objective of the lawsuit? What is the revenge? Sally

chrisv126 wrote:

sallyw109 wrote:

I tend to agree with what Janice wrote on 1/16/15 and what Sharon wrote on 1/22/15. I can never use my TMC timeshare and am sick of paying the exorbitant maintenance fees AND the mortgage. I've decided to close my checking account from which TMC makes electronic funds transfers for my payments when due, and just stop paying for everything. I'm paid up on maint. fees, and was told mine won't be due again until Jan 2016. If I stop making the mortgage pymts, I assume TMC will take action to foreclose, as Sharon said. Do I care? I've been paying for 10 years, I can't use it, don't want it, and can't see any other way out. I know my credit rating will take a hit, but I believe it's worth it to escape from this expensive scam. Any thoughts or advice before I pull the plug? One other thought: with 14,000 owners (per the NY AG) paying approx. $2500/year, TMC is making $35million in maint. fees only each year - and it keeps rising. No wonder they care more about the maint. fees than the mortg. pymts!

for your consideration: before taking any "escape" actions, wait for the results of the lawsuit. it might be worth it financially. as a owner i fully understand your concerns, frustrations and the nasty feeling of being cheated. "been there, done that." but, who knows, revenge might be sweet thanks to the possibility of our WINNING THIS COURT PROCEEDING.

keep in touch, chris