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Original Message:
Re: Manhattan Club Lawsuit (by Gerard S.):
I am looking forward to the day when the AG is finished with the TMC investigation and makes a decision good,bad or indifferent. I believe it is a mistake to call your TMC timeshare an "investment" and yourself an "owner". All you really own is the paperwork you've signed that is legally binding in court. If they foreclosed on your TMC timeshare , what would they be actually repossessing? Time? Good Riddance!If NYS/NYCwanted to seize the timeshare for your non-payment of your miniscule fraction of the property tax that is divided among the 15,000+ owners for 286 rooms. Is this actually possible? Especially the vague "Split Flex Time" (7 days over 3 years) ownership that I foolishly purchased in 2007. It's worse than a normal 7 day defined week timeshare. I've tallied up about $15,000. between mortgage,maintenance, RCI fees, & a lawyer a lot less than most dissatisfied owners. If T.Park Central,O. Park Central,The Manhattan Club Timeshare Association, Equiant Financial, New York Urban Ownership Mngt.the City of New York or the State of New York feel that this is worth anything feel free to take over my" ownership" and return it back to the vague,hazy legal hornets nest world it sprung out of .