Manhattan Club Lawsuit

Are we the only two to get a foreclosure threat? I am uncertain what to do as well. You know if they offered $1,000 I'd take it but $100 is a slap in the face.

I have been trying to get TMC to put us on the buyback list but am hitting a brick wall. Danielle, who is threatening us with collections as of now (we stopped paying maintenance fees this year) said that we had to try and sell our unit ourselves, and if that didn't work, we could recontact her in the future. She said that "some owners have had success selling their units" but would provide no evidence of such, and I have only found evidence to the contrary. I don't understand why we can't even get on the list, and why some people seem to be getting the buy back offers while others are lingering on the list. To us, $100 sounds like a bargain to get out of this nightmare. Does anyone have any insight on this?

unbelievable! thanks for the info Irene

You haven't been delinquent long enough. They're still "working" you, using their scare tactics. Ignore them..and eventually, they will offer you the buyback when they realize that they are getting nowhere with you. We stopped paying when we found out about the AG's investigation, and TMC's fraud. Over these years, we have received many letters, including buyback offers, and threatening calls. We've ignored them all and don't hear from them anymore.

Has anyone heard of one instance where TMC has foreclosed on anyone? Per the disposition of the case with the AG...I'm not so sure that they can. I would think that if they could foreclose, they would have.

Sue, STOP paying your Maintenance Fees is the way they put you on the list. Many people have said that over and over again.

The letter is not initiating foreclosure. If it's the same letter that I received quite some time ago, they are saying that they "may" foreclose to scare you to pay. I haven't heard of one instance that they have. Per the disposition of the AG's case, I'm not sure that they can

That's all they will do...threaten

I just spoke to someone at the Manhattan Club about selling back my ownership. They said since I am part of the lawsuit, I am not permitted to sell back. Has anyone else been told this?

Melissa

I believe the buy-back agreement states that you will not pursue any lawsuit against M.C. and it's partners. They don't want to be held liable and that's the only way they will participate in the buy-back (give-back). Just decide if you think it is worth it to you and proceed with your best interests. For me, I stopped paying Maintenance Fees and got moved right up the list, which was forgiven with the buy-back.

Does anybody know how many timeshare lawsuits have been filed against the Manhattan club in the past before the NYAG investigation?

Have not followed in awhile and hopped on to get off mailing list. My husband and i stopped paying maintenence fees and eventually received notice of a lein. We just submitted the buy back paperwork. It was more important to us to maintain our credit rating. We really enjoyed the Manhattan club and u was very sad to lose my easy connection to NYC but we absolutely could no longer afford the fees. We originally signed up because we thought it would keep our costs of staying g in the city down.

irenes173 wrote:

Does anybody know how many timeshare lawsuits have been filed against the Manhattan club in the past before the NYAG investigation?

Irene: I have been doing a review of the blog from page 1, starting around September of 2011. I am currently on page 129, It is a slow process, and getting anything concrete is a bit fuzzy, but I count three legal actions, one at the start of the blog by a firm of Blau, Brown & Leonard, LLC, which was filed and failed around December of 2012. Then it appears one of the partners, Blau, pick it up and talked about having around 200 owners on board, but the judge in 2013 wouldn't hear the suit. Then there is a 3rd mentioned, Bisk vs MC, (May of 2014) but I haven't found any conclusion to that yet. By that time the NYAG investigation had come into play. I doubt that it was successful as there doesn't seem to be any further mention of it, as least as far as I have gone.

melissaj315 wrote:

I just spoke to someone at the Manhattan Club about selling back my ownership. They said since I am part of the lawsuit, I am not permitted to sell back. Has anyone else been told this?

Melissa

Yes, I have come across this and my story is not a pleasant one. I have been told several months ago to "get my affairs in order" and one of the tasks was to finalize something with MC. They wouldn't consider me for a buy-back because I am evidently listed on the Zimmerman lawsuit. I asked Zimmerman to withdraw my name so I might proceed, but he initially said he would and then refused to discuss the matter further. So, it appears that anyone associated with the Zimmerman suit is precluded from any other action. Sticky situation and I don't know the answer. Would advise anybody thinking of joining the lawsuit to understand that when you do this you have shut off all other options. There may be a legal action out of this but time is not on my side.

Thank you for your response and I'm so sorry you are having to deal with this on top of everything else.

jamesd788 wrote:

irenes173 wrote:

Does anybody know how many timeshare lawsuits have been filed against the Manhattan club in the past before the NYAG investigation?

See: https://search.yahoo.com/yhs/search?hspart=trp&hsimp=yhs-001&grd=1&type=Y195_F163_209547_032321&p=nyag+manhattan+club+investigation

I got less than a whopping $200 from the settlement, lost thousands more than that. And I was luckier than most. Sal somebody or other, who was with the AG's office, dispersed funds due to owners from the AG investigation settlement through the Better Business Bureau. As we all know Eichner et al, are still in action and ripping people off.

Seems that the law and justice is not on the side of the Manhattan Club owner.

Also, it is my understanding that even if you sign the give back papers that state you cannot pursue any other legal action, I would check into that. Don't think that is accurate or necessarily true.

Irene: I have been doing a review of the blog from page 1, starting around September of 2011. I am currently on page 129, It is a slow process, and getting anything concrete is a bit fuzzy, but I count three legal actions, one at the start of the blog by a firm of Blau, Brown & Leonard, LLC, which was filed and failed around December of 2012. Then it appears one of the partners, Blau, pick it up and talked about having around 200 owners on board, but the judge in 2013 wouldn't hear the suit. Then there is a 3rd mentioned, Bisk vs MC, (May of 2014) but I haven't found any conclusion to that yet. By that time the NYAG investigation had come into play. I doubt that it was successful as there doesn't seem to be any further mention of it, as least as far as I have gone.

Thank you so much for that information.

Irene Smalls

Willl they offer anything as a buy back? If you don't pay maintenance can they put a lien against your assets? Lg

cliff20 wrote:

Sue, STOP paying your Maintenance Fees is the way they put you on the list. Many people have said that over and over again.

It'd be interesting if they put a lien on it for more than $100. Since clearly that's the value they've established it has. I bet the attorneys watching this would love to see a lien placed for what Eichner thinks the true market value is.

My buy-back experience. 1. About two months ago I called TMC and got the extension of the appropriate department. 2. I called, and they sent me the paperwork. It was extensive, about eight signatures had to be notarized. 3. They supplied the UPS envelope to send it back. 4. I did not receive a conformation. Today I called and was told I was no longer a TMC owner. I asked for a confirming email and was sent one. 5. I was told the $100 would take a few months. Who cares?

Why was my experience so easy? Here are some possibilities. 1. I never had a mortgage. 2. My maintenance fees were current. I never missed or was late with a payment.

3. This is probably the reason. My contract was for seven days over two years. I had three days on odd numbed years, and four days on even numbered years. I could use my days one, two, three, or four days at a time. probably screwing up the reservation calendar. If many people, with the same contract as I had, used their days one, two, three, or four days at a time, it probably prevented some folks from booking a whole week.

I enjoyed the 12 years I was a TMC owner.