Manhattan Club Lawsuit

My dues (over $3,500) were due in December. Because of what learned here I contacted TMC by phone and in writing and advised them I was not paying.

I was contacted this morning and they are sending me the $100 deed back papers.

Hate what TMC has turned into and will probably sign them just to be done with it.

My advice is to stop paying the fees and throwing good money after bad. I dumped our two units for the nominal $100 each which was a loss of capital but saved thousands in annual fees. the other problem with the club is that the rooms are looking very dated and tired. Much better to spend the money on a hotel room with better emenities.

jessieo3 wrote:

What happens when the timeshare is paid in full and the maintenance is paid until 2023. I am on the givebacks list and they don't know how long I will be there. Mind you they get to keep my 10,000.00 and I walk away from everything. they still are giving me a hard time. Why is that? We explained our situation and it's like "oh well" as far as I am concerned they could be making money on my timeshare right now. What's the holdup? Some information I wanted to share with the people who are still paying or stopped paying

Thank you

Jessie M Owens

Jessie ignore all calls and letters trying to collect anything. Everyone is right nothing will happen to you. They (Probably Nicole) are just giving you a hard time because they are trying to get money from anywhere and are acting as bill collectors. Don’t forget you can always turn your time into RCI if you have time you haven’t exchanged. ( I know, I know, hard to get good exchange properties through RCI but at least trying is better than letting them go wasted if she’s not using the time she already paid for at MC.)

The New York Attorney General Eric Schneiderman who oversaw the investigation of the Manhattan Club is losing his law license for a year over abuse of women. Too bad he is not being investigated for his abuse of Manhattan Club Timeshare Owners with that pro-Manhattan Club Assurance of Discontinuance Agreement he strangled us all with.

It's not charitable to stick charities with the burden of paying annual maintenance fees. Most charities understand these "gifts' that translate into liabilities, and probably will decline to accept your gift.

The charities would then be responsible for the fees

Those of you who signed up with the attorney, did he tell you to stop making maintenance payments?

No, of course not. That is each individual's obligation and decision to make and he's not advised anything.

I am not familiar with the details of each lawsuits against TMC developers. However, I do believe each owner has an obligation to pay the property taxes and maybe demonstrate intent to pay maintenance fees if the fees were normalized, by putting the amount of those fees into an escrow account. The developers will not have access to your maintenance fees but you have not breached the contract.

Vivien, the developers have already breached the contract with their actions. But, if you personally feel so inclined to put your maintenace fees into an escrow account, feel free to do so. To think that each owner has that obligation are your own thoughts. I think it is better for you to do what you feel is right, and not try and tell other owners what you feel they have the obligation to do.

Whats the latest

Paying taxes is everyone's obligation.

Yes, it is. How do you do that without givng the money to Manhattan Club? Can we pay the taxes directly to the County? If so, how?

If you are in the lawsuit, your attorney can advise you.

I wrote to the Attorney General's office about my concerns but they thanked me and said they would add my information to the file. They stated that they can only bring enforcement actions on but a few out of the numerous complaints they receive every year. If they review further and decide to pursue this complaint further, they will contact me. In the interim, they directed my letter to the Real Estate Finance Bureau which oversees real estate securities, such as cooperatives, condominiums, homeowner associations and time-sharing interests, and matters which may relate directly to such offerings.

As a California real estate broker, I can't get over how many things were approved in this development that were definitely to the detriment of purchasers.

Many things the Eichners did were not approved. The Real Estate Finance Bureau requires the filing of a CPS-10 with the Bureau for any changes to an Offering Plan including all amendments and requires written notification of the changes to all owners. Eichner filed the forms and did not put any information in the forms about the changes they were really making. Eichner and The Manhattan Club certified as is required by the Real Estate Finance Bureau that all owners were notified of the changes. We all know that did not happen. The Attorney General's investigation did not even look at all the false filings and violations of the CPS -10 rules. Eichner got a sweet deal from the NYAG.

The best outcome would be that TMC come to a good business deal and sell the facility in whole to a national or international hotel chain. All owners should seek resolution and mediation from the AG of NY. The current hotel arrangement appears to have a full book of business (excluding Covid) and rooms are at a premium. All owners would like accept their pro rata share of ownership in their suite(s). Another alternative might be that TMC sell to a residential real estate developer in NYC. The suites are converted into condos and sold on the market. Again, I believe all owners would welcome the opportunity to sell. The upside for the developer would be significant in either scenario as all owners most likely are willing sellers. The AG would make all owners extremely happy and the current management might avoid future litigation, fines and they too might make a buck. I am a current member and owner for a limited timeshare. A partial week which consists of alternating nights every other year with either 3 or 4 nights per year. I am a willing seller. .

In 2014 I agreed to sell back our unit for $100 as we were having trouble getting reservations and the maintenance was off the chart. We received the papers, signed and notarized and returned to MC. Just about that time the lawsuit heated up and we have never received anything back from them. No signed papers or check. What is our status at this point? I called the financial services office snd was told they would check with the “deed” dept. and get back to me. I don’t know e we hat yo do at this point. Has anyone been in this situation? Does anyone know what we should do or who we should contact for help? Appreciate any help here.

Please contact Jean-Marc Zimmerman, the attorney representing our group of defrauded timeshare owners, and ask him to represent you, too. You can reach him at 908-768-6408

Bob Biello rbiello2@gmail.com

My wife and I have just received the paperwork to "sell back" our share for $100. We have been forewarned that, upon signing the documents, it might take a year or so for the check to be issued. I understand that many owners have already gone through this "sell back" process, most of them out of disgust and motivated by a strong desire to cut their losses and "get it done and over with". We all know that the right thing to do would be to sue the heck out of these bandits, but many of us do not have the stomach, the time and the money to join the lawsuit. I must admit that I am a bit intimidated by the complexity of the legal language used by MC lawyers in their "sell back" paperwork. Since I don't trust these people, I am asking myself whether they are leading me into another trap. On the other hand, the $100 check that we are expected to get (in a year) cannot cover the fee of a lawyer who could read the documents for me and advise me on whether we should sign the documents or not. I have a question for those who have already completed the "sell back" process: did it all proceed smoothly, or did the process run into additional, unexpected obstacles? In other words, were you led into yet another trap? Thank you for your input.