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Alert to Timeshare Scam
johnb2353 wrote:I owned a timeshare at The Manhattan Club in New York. I paid $30,000 for the timeshare.... So I went to a timeshare broker to sell it. Guess what? No buyers. Finally I turned the whole matter over to my attorney who got my timeshare deeded back...
OK. So now you're a little more specific. You owned at the Manhattan Club. I know a lot of owners and former owners their share the same frustrating feelings of owning there.
I just can't figure out that, since you paid $30,000, why the resort would not want something of that value back for free if you offered to deed it back to the resort.
The only thing I can think of right now is that you phoned some desk clerk there who has no insight or authority into the matter rather than contacting the resort's Home Owners Association (HOA) who does have the authority to make these calls.
Maybe that's what your attorney did right that you did not.
Lance C.
Lance, I did not speak with a desk clerk. I went to the woman at a management level who was responsible for taking back timeshare deeds. She told me I would have to be placed on a "waiting list." And over time, I found out many other owners were told the same thing. The waiting list was as long as Manhattan itself. I really don't believe there was a waiting list. If you look at The Manhattan Club forum here, you will see it it full of similarly frustrated owners. Of course, there are other timeshares that are similarly bad. But The Manhattan Club is expensive, and my goal was to get out before paying another huge maintenance fee this year for a timeshare that never had time available. So I called my attorney and said, "Get me out before the next fee is due. They will not cooperate with me." In a matter of weeks, I was out.
John B.
Last edited by johnb2353 on Nov 03, 2013 08:10 AM
johnb2353 wrote:Lance, I did not speak with a desk clerk. I went to the woman at a management level who was responsible for taking back timeshare deeds. She told me I would have to be placed on a "waiting list." And over time, I found out many other owners were told the same thing. The waiting list was as long as Manhattan itself. I really don't believe there was a waiting list. If you look at The Manhattan Club forum here, you will see it it full of similarly frustrated owners. Of course, there are other timeshares that are similarly bad. But The Manhattan Club is expensive, and my goal was to get out before paying another huge maintenance fee this year for a timeshare that never had time available. So I called my attorney and said, "Get me out before the next fee is due. They will not cooperate with me." In a matter of weeks, I was out.
You evidently owned a floating week and not a fixed week. With floating weeks (especially for timeshares that are in popular locations such as NYC) you have to make your reservations up to a year in advance. Owning such a floating week in such a popular location is not for the last minute vacation planner. IF (and I say IF) an attorney took your case and was successful in getting you out of your contract then the Manhatta Club evidently had someone waiting in the wings they could sell it to. NYC is a very expensive city for rental accomodations.
R P.
jayjay,
That was not the case when I bought my timeshare. I never (at first) had to make a reservation a year in advance. As I stated in another post, The Manhattan Club became less and less available each year. Don't take my word for it. Look at all the postings in The Manhattan Club forum. Many people are trying to get out. It is also being operated as a hotel, further compromising an owner's ability to get time there.
John B.