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Original Message:
Re: Manhattan Club Lawsuit (by Karen B.):
Robert, Thank you for staying on top of this and providing the information on who to write to. My letter will be different but I will contribute to keeping TMC in the forefront.
I purchased my unit in 1998 when the maintenance fee was $550/yr. I have always paid the increasing annual fees and booked at least 9 months in advance as was suggested. The settlement will be of no benefit to me because there was only one time I couldn't get my dates or even close to them so I banked the unit with RCI. My complaints were the increases in the maintenance fee, and being told at the time of purchase that I could sell it back to them. The settlement doesn't compensate for either of these situations.
It really has become cost prohibitive for many which is why I have been trying to get rid of it. In 2013 I called TMC and Lynn O'Donnell told me they were NOT buying back at the time and I should try to sell it on my own. That is when I started sending good money after bad trying to be relieved of the financial burden. Obviously I still own it and as much as I have enjoyed the city, I don''t want to scrape together one more cent for it. Then last year because the hearings kept getting rescheduled I bit the bullet and spent more money to enter into a contract with attorneys who specialize in time share exit. The cost was comparable to about 2 years worth of maintenance fees at the current rate but at least I would be out. I recently received a letter from the attorneys that they found someone who will take it off my hands but I have to pay the next maintenance fee now which isn't due until July. So I contacted TMC again last week and was told they will ALWAYS take units back at no charge to the owner (Not the same story I got from the same person in 2013) but that their hands were currently tied because of the investigation.. I reminded her there was a settlement and was told she would put me on a "list" and call me when she got the go ahead. Still playing games! The reason I am posting all this is because I suspect there are many more with stories similar to mine and we are never going to recoup even close to what we invested. My consolation is that I did have a lot of fun in NYC with friends and family and would not have gone if I hadn't owned the time share.