Manhattan Club Lawsuit

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Original Message:

Re: Manhattan Club Lawsuit (by Robert B.):

Patti,

TMC is precluded by court order from taking collection or foreclosure action against owners for non-payment. I haven't heard of anyone's credit getting hit for non-payment of maintenance. Defaulting on a timeshare loan is a different story. We have a mortgage on one of our units, and when we stopped paying that TMC submitted a negative credit report against us. However, I was successful in getting the negative item removed when I proved to the credit agencies that TMC was a fraudulent operation that was itself under criminal investigation by the NY attorney general.

Bob Biello