Manhattan Club Lawsuit

Laura please email me wwtccorp@gmail.com

laurah136 wrote:

I was able. a while back, to recoup my maintenance fees by renting it out. (2) I can no longer do that. No one will pay the exorbitant fees. There is no longer any benefit to this ownership, just a burden. Usually, a timeshare developer will turn over the project to the owners, when he has sold out. This developer has continued to buy units from the hotel next door to develop. After 20 years he still treats it as his own little pot of gold. Owners are not even represented on the Board except for the hand picked ones that he has chosen. He has written in his own management company to be there forever. In California a majority corporate owner must look out for the minority owners under corporate law. He not only does not do this, he ignores them altogether. He needs to be out of there completely. TMC owners have been his ticket to a very lucrative business for him.

Has there been yet another postponement for the justice hearing? Is all this not damage to the owners? I continue to pay these fees and use it, though I have given up trying to get the split weeks I am entitled to in my contract. I bought this property specifically to break up the trips abroad that we might make. It seems that TMC prefers you take full weeks, which is not in the contract! This is already a breach of contract for me, as far as I'm concerned. I'm a California resident and I've been told I have to hire a NY attorney. We are in our eighties now and just can't afford this nightmare!

There is no class action law suit. There is a very rich and comprehensive history and discussions on previous pages of this discussion group, you need to go to earlier pages and read some of the posts to understand what's going on. The NY State Attorney General is pursuing the Manhattan Club developer for both civil and criminal violations of NY State laws. There is a lawyer (see Wasser) that has been engaged by a group of owners to help them to sort out legal issues and to get their interests represented.

I feel, you are correct in what you're saying about the industry and laws regarding the industry practices. That is why they have gotten away with their scams for so long because there are not enough laws written on the books regarding time share business practices. They all seem to be able to change them whenever the see fit to their own gain. Look how many times TMC has been able to contracts.

Just received a scam phone call regarding TMC:

"Yes my name is Jared Hayes and I was calling in reference to your time share property at the Manhattan club. And due to multiple request coming into your location right now. I was giving you a courtesy call. See do maybe an interest in renting out any of your unused time or interest in selling your timeshare property quickly. If so call me back. My number here is 855-420-8289 and my extension here is 410. Have a great day."

Anyone else getting these types of scam calls?

I just googled this number and it belongs to "Universal Resort Exchange" The Better Business Bureau gives this business a C- rating and states: "THIS BUSINESS IS NOT BBB ACCREDITED"

re mr wasser:

to date, unless i missed reading it here, there have been no comments from mr wasser or those owners who've retained him. what issues need to be "sorted" out. i would hope that mr wasser would tell all of us in this forum just what the benefits would be if we all retained him. why do we need a lawyer to get our "interests represented"? mr schneiderman should ultimately have our interests in mind, along with any victory that he garners. i believe an attorney general should always be concerned with his public's interest as well as winning the case that he instituted against eichner

dennisc283 wrote:

There is no class action law suit. There is a very rich and comprehensive history and discussions on previous pages of this discussion group, you need to go to earlier pages and read some of the posts to understand what's going on. The NY State Attorney General is pursuing the Manhattan Club developer for both civil and criminal violations of NY State laws. There is a lawyer (see Wasser) that has been engaged by a group of owners to help them to sort out legal issues and to get their interests represented.

in that case it seems that mr hayes has more nerve than brains.

fredc55 wrote:

I just googled this number and it belongs to "Universal Resort Exchange" The Better Business Bureau gives this business a C- rating and states: "THIS BUSINESS IS NOT BBB ACCREDITED"

in that case it seems that mr hayes has more nerve than brains.

fredc55 wrote:

I just googled this number and it belongs to "Universal Resort Exchange" The Better Business Bureau gives this business a C- rating and states: "THIS BUSINESS IS NOT BBB ACCREDITED"

fredc55 wrote:

I just googled this number and it belongs to "Universal Resort Exchange" The Better Business Bureau gives this business a C- rating and states: "THIS BUSINESS IS NOT BBB ACCREDITED"

Chris: I was only trying to point someone who is obviously clueless about what's going on to the lengthy discussions (here) which contain a lot of history and information. I also included Wasser's name in case the person wants to throw in with that effort. I did not mean to imply that Wasser or those who have hired him, were posting advice or progress on this forum. As to your question 'what needs to be sorted out' - I previously posted a piece on the various types of 'owners' there are and how & when that might be sorted out at the end of whatever the NYSAG cases (e.g. who still is or isn't paying mortgages or maintenance, who's paying taxes only and not maintenance etc) - so there will be perhaps a dozen different "owner status'"...and therefore, perhaps a need for individual legal representation or assistance. I understand your frustration with this case and lack of info from NYSAG - but I'm not sure they can say ANYTHING that the opposing lawyers could read and use while in the midst of litigation (that would be a stupid strategy, now wouldn't it?). I hope that you focus your time and energy on helping folks that come here rather than the snark and frustration that you continually heap on those of us who are trying to help.

chrisv126 wrote:

re mr wasser:

to date, unless i missed reading it here, there have been no comments from mr wasser or those owners who've retained him. what issues need to be "sorted" out. i would hope that mr wasser would tell all of us in this forum just what the benefits would be if we all retained him. why do we need a lawyer to get our "interests represented"? mr schneiderman should ultimately have our interests in mind, along with any victory that he garners. i believe an attorney general should always be concerned with his public's interest as well as winning the case that he instituted against eichner

dennisc283 wrote:

There is no class action law suit. There is a very rich and comprehensive history and discussions on previous pages of this discussion group, you need to go to earlier pages and read some of the posts to understand what's going on. The NY State Attorney General is pursuing the Manhattan Club developer for both civil and criminal violations of NY State laws. There is a lawyer (see Wasser) that has been engaged by a group of owners to help them to sort out legal issues and to get their interests represented.

Has anyone found an organization/charity that will accept donated weeks at the Manhattan Club? Thanks. AMW

For charitable donations, look for any local charity that has an auction. Popular items at charity auctions, are vacations, and wine. Try your local Rotary Club. I live in a good sized city so this isn't hard but I don't know about more sparsely settled areas. Its probably easier if you've reserved the week already. That keeps you from negotiating after the auction and either the high bidder or yourself getting trapped. After they've been announced the winner, you make sure you update the reservation to their name and contact information. Then you write off the amount you pay for your vacation week.

Deeds CANNOT be transferred…all accounts frozen by Atty General….and just an fyi the charities do NOT want your deed and maintenance fees….theyll take a free week that maintenance fees have been paid on. They don't want what you don't want…TMC!

annm545 wrote:

Has anyone found an organization/charity that will accept donated weeks at the Manhattan Club? Thanks. AMW

The fact that owners are prohibited from selling or donating their units/deeds is part of the problems. For the courts to halt all sales, even by owners, makes us prisoners to a corrupt system. sOmething is very wrong about this. Owners should be able to sell their property. With the AG taking over four years to resolve the issues and the courts dragging their feet, it is once again the owners who are disadvantaged. We need relief, and soon.

annm545 wrote:

Has anyone found an organization/charity that will accept donated weeks at the Manhattan Club? Thanks. AMW

Owners can Sell there weeks, there is no restriction on Owners selling there week Not by TMC. or the AG .The only restriction is on TMC ,Owners is Free to do what they want with there weeks, Sell, donate, ETC.

Howard Beswick

Who would buy weeks of TMC? I hope you guys get more publicity to this issue.. Newspapers', TV etc. To get some real progress on this. Would be happy to tell my story of rhc to public as well.

I believe any honest business minds about their reputation for real. Its odd if its not so.. I do wonder a lot this business scenario in States!

Everything seems to be so shallow, no one even gives me any helping hand in RedWeek.. Odd

howardb159 wrote:

Owners can Sell there weeks, there is no restriction on Owners selling there week Not by TMC. or the AG .The only restriction is on TMC ,Owners is Free to do what they want with there weeks, Sell, donate, ETC.

Howard Beswick

The NYAG's investigation prohibits TMC from moving forward with any sales, I know because I started the process to sell my timeshare and am waiting for the transaction to be complete, which won't happen until the investigation is over or they lift the ban on sales. If you want to sell you timeshare on the open market, TMC has first right of refusal. At least they do in my situation.

I just sold a week in September to a friend, and there was no problem, yes TMC has right of first refusal, meaning that they can match your buyers offer and buy it out from under him or her,, if you read your contract you will see they have 30 days to buy it after you submit your buyers offer but they can not stop you from selling, they have to buy it at the price your buyer wants to pay for it or let your buyers deal goes thru, the AG suit has nothing to do with owners, yes it restrict TMC from selling, there is no suit agains owners by the AG, and no restrictions place by owner by the AG yes you have to pay $2500 to TMC for handling and closing cost, this is a deeded property

Howard

howardb159 wrote:

Owners can Sell there weeks, there is no restriction on Owners selling there week Not by TMC. or the AG .The only restriction is on TMC ,Owners is Free to do what they want with there weeks, Sell, donate, ETC.

Howard Beswick

Your comment seems to be in contrast to other comments above. I was under the impression that ALL sales were prohibited, even person to person.

In my opinion, Howard is correct and perhaps he can help us. Personal sales were discussed at the owners meeting run by Redweek last summer. If you can find a buyer you can sell it yourself. We are interested in getting out and are not selling now for several reasons (1) the value on the open market seems very low (because of the AG action and bad press) plus (2) the process is not well described (you need an agent etc and TMC is not helpful in defining the path e.g. they will not refer an agent). The lawyers at the owners meeting also were not helpful in the details regarding personal sales.

Getting an agent seems onerous because without a personal reference I do not trust anyone I find on a timeshare website. Perhaps Jeff Weer or Howard can help us sell

If anyone can describe a safe and well described path to sell, some of us may find that info helpful.

i can't understand why anyone would want buy in the manhattan club. the manhattan club principals are in court, via the nys attorney general, for various criminal and civil wrongdoing. the maintenance fees continue to rise with no end in sight, currently over 300% since the mc's inception; desired reservations are at best, nearly impossible to get. so if anyone out there still wants to buy my penthouse suite, let me know. the asking price is only $50,000.....$45, 000 if the deal is all cash. fyi, the maintenance fees are upwards of $3,500 per week.

howardb159 wrote:

I just sold a week in September to a friend, and there was no problem, yes TMC has right of first refusal, meaning that they can match your buyers offer and buy it out from under him or her,, if you read your contract you will see they have 30 days to buy it after you submit your buyers offer but they can not stop you from selling, they have to buy it at the price your buyer wants to pay for it or let your buyers deal goes thru, the AG suit has nothing to do with owners, yes it restrict TMC from selling, there is no suit agains owners by the AG, and no restrictions place by owner by the AG yes you have to pay $2500 to TMC for handling and closing cost, this is a deeded property

Howard