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Re: Manhattan Club Lawsuit (by Nathan Z.):

Hello Thomas M.,

I'm not an attorney, but I read for detail. The quote you refer to says that BG agreed to stop reporting timeshares as foreclosed when they were only in arrears but had not yet gone through a legal foreclosure action. It said nothing about preventing BG from bringing foreclosure actions. BG probably went the (dubious) reporting route because it is far less expensive than actually bringing a foreclosure action and avoids the need to resell the unit in a dropping market while they still have a paying owner.

Since Joy sounds like an attorney perhaps she will weigh in.