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Re: Manhattan Club Lawsuit (by Gerard S.):

The worst forms of TMC "ownership" are the "Flex/Split Time" contracts ( Bi-ennial,Tri-ennial & Quad-ennial). I believe that these are a major cause of the frustration and dissatisfaction that you read about in these posts. In 2008 I was talked into purchasing a "Tri-ennial" after I balked at buying a normal defined week 7 day a year contract. These "Flex/Split Time" contracts were pushed by the TMC sales team and were severely oversold and came with restrictions as to what time of year you could book time. Don't expect most major holidays and the month of December. In an effort to rid myself of this burden in 2014 under the direction of a lawyer I stopped paying the remainder of the "mortgage",maintenance fees & "mass tax"billings. In 2014 also the NYS AG began an INVESTIGATION of the TMC (NOT A LAWSUIT) .For the past 3 years to date nothing can be done ( sales,foreclosures,etc) with TMC until the completion of the investigation. I still receive a monthly statement from TMC which I promptly forward to the lawyer. The statement is mailed from a TMC office in Scottsdale,Az. and the TMC financial services office are located in E. Stroudsburg,Pa. most likely to evade some NYS regulations. FYI: There is a clever statement printed on 2 of the "mortgage" documents that says "THIS CONTRACT IS IRREVOCABLE". I've heard that this statement is called a "PERPETUITY CLAUSE". Does anyone know why this was necessary to include on the paperwork?? Other than to trap you into this forever. Even worse: Was this legal ??