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Re: Manhattan Club Lawsuit (by Mara F.):

I was advised by mail this March that, if I did not pay my maintenance fee of $2842.67, interest of 16% plus a late fee of $50 would be applied to my timeshare charges in the amount of $409.25. I paid and am trying to rent it but have not had any success either this year or last year. I have never been able to rent it for what it is costing me. While the lawsuit is ongoing, based on past messages on this blog, my understanding is that is TMC is not allowed to take an action against you that would have an effect on your credit score. However, I don't know what would happen if and when the lawsuit is settled and you are left with an outstanding balance. I am just waiting now to sell it back, even if it's just for $1.

garyp151 wrote:

I've been paying my maintenance fee since 2001. The amount per year presently is $3322.93 and its become unaffordable and outrageous. I'm wondering how many other owners stopped paying and what are the repercussions if you do? I'm worried that it will effect my credit score, put a lien on my personal property or have collection agency calling my cell phone.. I'm also upset that if I don't pay and I pass the debt goes to my estate. Can anyone help answer any of these questions?

Thanks,

Gary J Paccagnini