Timeshare trouble?
I own a week at the Soundings, and I have just been informed that the multi-resort (Breakers, Edgewater, Soundings) project is in trouble. The information was provided, I believe, by a member of the Soundings sales staff and I was referred to a lawyer who is taking inquiries from owners for a possible class action suit. The lawyer confirmed the allegations of serious trouble.
Edgewater owners have posts on this site that suggest trouble, and they have a members only Yahoo group that recently has been created for communication. The Edgewater TUG BBS posts primarily relate to problems with poor maintenance and use of maintenance fees, but they also identify a serious conflict between the Board of Trustees and the management company.
Regarding the Breakers, I was told that completion of the Breakers is two years behind schedule and has now stopped. Work on the Soundings was supposed to start in October, but no work has been done to date.
Anyone with information on these matters is asked to make posts to this site. Thank you for your consideration and assistance.