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Re: Manhattan Club Lawsuit (by Chris V.):

eichner can't have "other owners pay" if no one pays maintenance....which may be the way to go. in reality, none of us knows which way to go since we have no "database" or knowledge of what to do from reliable sources including the nysag, eric schneiderman, who's not offering us anything but basically................the case is proceeding. really, all for all we know the case may still be stagnating in the investigation/information stage. so, dear fellow owners, we have 2 very obvious choices: pay or not pay maintenance.

pax.

chris

robertp336 wrote:

I am not telling anyone to pay the maintenance fee or not, but not paying DOES affect the owners who pay the fee. Look at any budget for the MC for the last few years (and probably before that). In the 2015 budget there are two items under Sch B that talk about bad debts and owner owned intervals. The first is a reserve for Owner Owned Intervals which refer to the property taxes and fees associated with weeks acquirted by the Association through Deed Backs and foreclosures. That expense is $1,073,088. The second is a reserve for Bad Debts which is a charge for owners who are delinquent in paying their timeshare charges and real estate taxes. That reserve is $2,000,000. That's over $3 million in fees and taxes that Eichner can have all the other owners pay for him. The non-paying owners fees are part of the $2 million.

If someone cannot get any time in the MC I really don't blame them for not paying their fee. We have been able to get time although, like everyone else, we have to reserve months in advance. But since the investigation by the AG the time has been more available. Funny how that worked out.

I will be sending my letter to the judge on this case over the holidays. I encourage everyone to do the same and contact any owners who may not be following this board to send a letter also. May all of you have a very Happy Holiday.