Manhattan Club Lawsuit

Steven, cheers!

stevenw317 wrote:

Why don't you just not pay anymore? Contributors on this website worry about (a) adverse credit reports, or (b) your estate getting stuck with the burden, if they stop paying. Neither should be a worry. Numerous contributors have written over the years that they stopped paying and no adverse credit report was ever filed--plus, you could validly contest it if it ever happened. And as far as your estate is concerned, there's a VERY easy fix, which I suggested a year ago but no one seems to have picked up on. Just do a Will (or a codicil to your existing Will) and specifically leave your time share to someone or something you don't give a hoot about.: Good candidates would be (1) the State you live in; (2) the Eicnhers--those guys who have been ripping off the TMC; (3) the TMC itself; (4) your worst enemy; (5) Donald Trump (although he might fire you!!). The beneficiary now owns your TMC interest, not your family beneficiaries. And for good measure, provide that if whomever you leave it to rejects (disclaims) it (as permitted by law in every state), then provide in the Will that in the event of a disclaimer, the interest goes to the State of New York (with all the bureaucratic red tape in NY, they'd probably never get around to disclaiming it). (PS I have been an estates lawyer for 50 years).

Ok now that steven has removed some of fear that Eichner can get you even if you are in the grave, by willing your $30-50,000 investment to Micky Mouse or whatever, why would you give it to Eichner when he can resell it again to another fool, under a different name. HOLD ON and spin the wheel with Zimerman and you just may get back your dream of OUR Manhattan Club for only $1250. I absolutly challange anyone to go on red week and give me their reason for not joining in this effort. Other than being lazy, stupid, or gutless, kindly share your rational for walking away from this joint effort at self defense,,, no offense against these crooks.. Ya rude Sid again offers the challange to those who have not joined.I

Well said Robert. Quoting the famous Rafiki..."It Is Time".. Best regards to all.

Is there a sample retainer agreement that pertains to this lawsuit? Is the financial obligation limited to $1250?

hello kenneth 602

get your answer from the most reliable source, the attorney himself, jean-marc zimmerman! i understand he's making timely legal progress for TMC owners who have retained him as their attorney as i and others have.

consider this: mr zimmerman's retainer fee is much less than the exorbitant maintenance fees fraudulently imposed upon us owners by TMC. we have a clear and better chance of getting tangible benefits from zimmerman's legal pursuits, rather than continuing to pour money into a currently useless/worthless investment, TMC timeshare.

contact information:

CONTACT

E-MAIL JMZ@ZIMLLP.COM ​ PHONE (908) 768-6408 ​ FAX (908) 935-0751 MAIL 233 WATCHUNG FORK WESTFIELD, NJ 07090

kenneth602 wrote:

Is there a sample retainer agreement that pertains to this lawsuit? Is the financial obligation limited to $1250?

stevenw317 wrote:

Why don't you just not pay anymore? Contributors on this website worry about (a) adverse credit reports, or (b) your estate getting stuck with the burden, if they stop paying. Neither should be a worry. Numerous contributors have written over the years that they stopped paying and no adverse credit report was ever filed--plus, you could validly contest it if it ever happened. And as far as your estate is concerned, there's a VERY easy fix, which I suggested a year ago but no one seems to have picked up on. Just do a Will (or a codicil to your existing Will) and specifically leave your time share to someone or something you don't give a hoot about.: Good candidates would be (1) the State you live in; (2) the Eicnhers--those guys who have been ripping off the TMC; (3) the TMC itself; (4) your worst enemy; (5) Donald Trump (although he might fire you!!). The beneficiary now owns your TMC interest, not your family beneficiaries. And for good measure, provide that if whomever you leave it to rejects (disclaims) it (as permitted by law in every state), then provide in the Will that in the event of a disclaimer, the interest goes to the State of New York (with all the bureaucratic red tape in NY, they'd probably never get around to disclaiming it). (PS I have been an estates lawyer for 50 years).

thank you so much for this information....while I keep tabs on this forum....I must have missed your previous posting. I have printed this out and will take it to my lawyer who will be updating our will...many thanks again

The idea of leaving my time share to the state of NY is brilliant. I need to rewrite my will. I just joined the lawsuit with Zimmerman Law firm and sent in my $1250. Hopefully something will come of this otherwise I’m no longer going to pay or use my Time Share after 2020. I’ve never had an issue renting it but the maintenance fee no longer justifies keeping it!

Has anyone seen adson the websites with the Manhattan Club advertising with pictures,descriptions of what a great place to stay, and for only $299 a night. How can they sell to the public now?

They’ve been renting to the public for years! That’s why most owners can’t use their suite unless they give 10-12 months prior notice but people off the street can get a room In a day or two! Your exorbitant maintenance fees are being used to maintain a BOUTIQUE HOTEL! This is one of the multitude of problems that many of us owners are suing TMC over. Join the lawsuit! It’s referenced throughout the Redweek blog.

..............just a simple, no-search-necessary, addition to becky f76"s TMC comments (all of which ring truer now than ever before.)

join attorney jean-marc zimmerman's lawsuit now. his contact information follows:

CONTACT

E-MAIL JMZ@ZIMLLP.COM ​ PHONE (908) 768-6408 ​ FAX (908) 935-0751 MAIL 233 WATCHUNG FORK WESTFIELD, NJ 07090

beckyf76 wrote:

They’ve been renting to the public for years! That’s why most owners can’t use their suite unless they give 10-12 months prior notice but people off the street can get a room In a day or two! Your exorbitant maintenance fees are being used to maintain a BOUTIQUE HOTEL! This is one of the multitude of problems that many of us owners are suing TMC over. Join the lawsuit! It’s referenced throughout the Redweek blog.

They can sell to the public because of all the people that can't use their time because of unpaid maintenance fees. That is not to say they haven't done so in the past, but now at least they have an excuse.

good morning william m,

"...now at least they have an excuse..." as if TMC ever needed an excuse to screw and defraud owners. some owners have simply run out of funds originally earmarked for unforeseen, exorbitant increases in TMC's maintenance fees. that's TMC's strategy: make the MF's so high as to make it financially impossible for many owners to handle the expenses. next step, rent out the unused accommodations to the non-owning public. they already pocketed the original price of the owners' share (s), and they create a fearful atmosphere for owners in arrears of MF payments. in essence, these tactics are rightfully called CONTINUING FRAUD COMMITTED BY TMC. TMC's fraudulent actions were addressed by the former nysag, eric schneiderman and admitted to by TMC/eichner. ironically, the fraudulent TMC developer, IAN BRUCE EICHNER continues to build his real estate empire in greener pastures (or is he covertly still raking in funds from TMC?) the issue of TMC/EICHNER's criminal fraud has yet to be litigated to the fullest extent of the law: JAIL TIME AND COMPLETE RETRIBUTION OF THE LITERAL THEFT INFLICTED UPON ALL OWNERS.

williamm465 wrote:

They can sell to the public because of all the people that can't use their time because of unpaid maintenance fees. That is not to say they haven't done so in the past, but now at least they have an excuse.

So if that’s the reason (or excuse) why has TMC been in deficit EVER SINCE I BOUGHT MY UNIT 9 YEARS AGO! William, you keep saying, over and over, that TMC’s financial issues are because of owners who didn’t pay their maintenance fees. THAT’S SIMPLY INCORRECT! It’s because TMC has been paying Eichner $6.5M a year FOR NOTHING TO DO NOTHING! Look at your annual budget report going back years. Every year the TMC has been in a deficit. It’s only been recently in the past year or so that people have actually wised up and stopped paying to maintain TMC to be nothing more than a hotel, which is purely by design on the part of Eichner and his cronies!

FYI:Board of Directors have approved a budget increase of 5.2% (4.4% for penthouse suites) The dollar increase from last year: $121 for the executive/ metropolitan suites $142 for the one bedroom suites $140 for the penthouse suites

Real Estate Taxes: $276 for the executive/metropolitan suites $388 for the one bedroom suites $614 for the penthouse suites

What you may not have noticed is that the allowance for bad debts is $11,8000. Look at your allocated real estate taxes, double it and add some. That is the additional that you are paying because other owners decided not to pay their dues. In my case about $800. That is outrageous.

There might be that some recovery included in "miscellaneous income", but likely not much, as it gets no mention in the notes. A financially sound budget will have a relatively equal amount for allowance for bad debts and recovery of bad debts.

Just wanted to let those that are paying their dues that we are paying the price for those that aren't, and should be entitled to recover the difference, if ever there is a settlement.

Totally agree with you - My question has always been - where does the money go from the rentals at the Manhattan Club secured through the Manhattan Club? Do those funds go to the HOA or do they go into the pockets of Eichner or one of his sham companies?

I get what you are all saying about the maintenance fees, they keep increasing. They amount to about $430/night. I am a Penthouse owner and our floors are pretty nice. One bedroom, two bathrooms, fairly large - you know in total pretty large for a "hotel room".

I weigh the cost every year versus going to a regular hotel. When I look for a hotel room with the same square footage, I see rack rates of about $600-$700/night.

What am I missing?

PS: Isn't Zimmerman a patent attorney?

Remember that you also paid out a substantial amount ($50,000+) to enable you to stay at TMC. That shouldn't be forgotten when you are doing your calculations.

gregoryalee wrote:

I get what you are all saying about the maintenance fees, they keep increasing. They amount to about $430/night. I am a Penthouse owner and our floors are pretty nice. One bedroom, two bathrooms, fairly large - you know in total pretty large for a "hotel room".

I weigh the cost every year versus going to a regular hotel. When I look for a hotel room with the same square footage, I see rack rates of about $600-$700/night.

What am I missing?

PS: Isn't Zimmerman a patent attorney?

hello gregory alee,

"What am I missing?" you're missing the point. TMC is NOT A HOTEL. it started out, as we were (mis) led (by the lying sales staff) to believe, that TMC is our DEEDED home-away-from-home, NOT A HOTEL, but a commonly shared and owned TIMESHARE. we SHOULD HAVE BECOME VOTING BOARD MEMBERS MAKING DECISIONS. that did not happen and most of us, including me, were duped into believing that at the end of the day (all units being sold) we would take over the BOARD OF DIRECTORS. few if any, followed up on that part of eichner's continued fraud although some owners DID try unsuccessfully to do so.

you mention the example of HOTELS with similar square footage and accommodations and the prices thereof. this bears repeating: TMC IS NOT A HOTEL. it is a commonly owned timeshare. we were, again MISLED to believe that the maintenance fees would increase "very slightly over the years." a 4-to- 500% increase since the time of purchase is not a VERY SLIGHT INCREASE, it's a fraudulently exorbitant increase, again a matter of criminal fraud directed by TMC/EICHNER.

and that, gregory, is WHAT YOU ARE MISSING.

i must admit to total wonderment, vis a vis the reason you're defending the exorbitant maintenance fees at TMC, and in effect, eichner, who dictated that those fees be exponentially increased over time. it is difficult to understand why you appear to be so accepting of being lied to and defrauded. perhaps you have an undeclared reason for this, or that the degree of your wealth permits you to be unfazed by the percent amount of maintenance fee increases. a great number of owners are so financially dismayed with these increases, leaving many of them to be willing to give up their TMC ownership for nothing, just to escape further fraudulent maintenance fee increases and other issues, e.g., not being able to get reasonably desired TMC reservation time even with their paid maintenance fees.

i am also concerned as to why you're asking about the area of law practiced by mr jean-marc zimmerman. you can easily contact him directly to determine his legal expertise and how he is exercising it for many TMC owners' behalf. his contact information is within a few pages back from this one.

gregoryalee wrote:

I get what you are all saying about the maintenance fees, they keep increasing. They amount to about $430/night. I am a Penthouse owner and our floors are pretty nice. One bedroom, two bathrooms, fairly large - you know in total pretty large for a "hotel room".

I weigh the cost every year versus going to a regular hotel. When I look for a hotel room with the same square footage, I see rack rates of about $600-$700/night.

What am I missing?

PS: Isn't Zimmerman a patent attorney?

To Howard.... Seems you are generally ok with the Eichners taking your $50,000 and turning its market value to about $100 , having to pay $400 per night , having no say with board members, having general public renting YOUR room for $200 and paying management fee for no services ETC ETC.. Well I stopped paying my fees, which I hope puts pressure on potential sale by Eichner . I took that money and put it with Zimmerman in hope he gets ME a recovery. While I may get less than current pais folk.... those that dont hire him are ito be at the end of the line and may get NOTHING should he be successfull. YUP you may be feeding the beast and may get absolutly nothing,, Doesnt sound very fair perhaps but unless you stop rationalizing and start protecting yourself by investing $1250 you may be a huge looser .