The Manhattan Club

My wife and I have been owners at The Manhattan Club since 2001. In recent years we have had problems booking time at TMC and we have been required to pay our yearly maintenance and taxes for our 1-bedroom flex ownership at least four months before our contract date in order to make reservations 9-months prior to the reservation date. We now find that we are not the only owners with these problems which have lead to a New York Attorney General investigations which has uncovered fraud and mismanagement per the Martin Act. We are contemplating not paying the maintenance and taxes for 2016. Can you tell use what are our liabilities if we should chose to withhold payment? We know that the judge ordered TMC to cease and desist their effort to start foreclosure proceeding against owners who do not pay but it appears TMC continues to initiate foreclosures. Would we have any recourse to stop a foreclosure if TMC should initiate one during the period the judge has directed them to cease and desist on initiating foreclosures? Also, if we do not pay and the investigation and its findings are settled what are the possible outcomes for us, if any?

Thanks, Larry