Original Message:
Re: We are thinking about a Timeshare Purchase, whats your honest opinion??? (by Gerard S.):
Yes Ken, Although my situation may be rare or unusual or unheard of it is very real.I was not fortunate enough to have purchased this on the "secondary market" for $1.00 as some suggest is the ideal way to benefit. As you may have heard after the conclusion of the 4 year NYS AG investigation into The Manhattan Club , TMC is forced to sell the whole operation. The new buyer is Blue Green. TMC must currently be "cleaning house" in preparation for the transfer of ownership as I've been notified that they're willing to do a "deedback". My lawyer will be handling details. It was never my intent to make a profit when I purchased this back in 2007 just as it was never intended to make a profit when I purchased my home but simply needed a place to live. I will be glad when this whole ordeal is over.