Here is another example of an awesome one-off letter for your elected officials. Again I am not part of the large facebook group but please someone spread the word on that forum to get going on some political/media pressure, without it all these facebook postings of facts/non-facts mean nothing.
Dear MLA/MP
I am a local constituent in ???? and writing you today to make you aware of a white collar crime being perpetrated against thousands of Canadian citizens and yet the court system appears to have their hands tied to prevent a corporation from extorting tens of millions of dollars.
I will attach the Alberta Court papers that were filed in October 2017 and will give a brief point summary of the facts to the best of my knowledge.
Fairmont Vacation Villas in Fairmont, BC. operated a business of selling timeshare weeks. Due to poor management over the years they began to fail and applied for creditor protection in 2009.
In 2012 Northmont bought the resort in a bankruptcy acquisition and quickly further mismanaged the resort from a 5 star rating to a state of deterioration. They made plans to sell off assets, close buildings, stopped sending the required financial statements, etc. It became very obvious that they purchased this resort knowing full well that they were planning to levy massive fees on the Owners which they did and quickly launched civil suits against thousands of people.
In an attempt to find a resolution to this Geldert Law of Vancouver BC was hired to represent many BC and AB owners in the hopes of finding a resolution.
There were concerns that even if you paid the fees there was no guarantee that they wouldn't levy more fees or that they were planning to re-align the resort and close down many of the buildings. Many people wanted to simply get released from their timeshare and were willing to pay a fee to be legally freed from the resort.
Through these years, the owners were not permitted to use their owned weeks at the resort but Northmont was free to rent out owners week all while charging them a 27% compounded interest rate on the fees they levied. This has been happening since 2013, so the interest amounts are astounding.
However, the units that Northmont themselves own, (weeks owners paid large sums of money back to Northmont to be released from or unsold units), they are not paying any of these said fees. My understanding is they own around 40% of the units and are not paying the same fees they are suing other owners for.
When this case appeared in Alberta courts, the judge strongly suggested that a Northmont negotiate a fair settlement instead of having thousands of individual court cases coming forward. Judge Young was also very concerned about the interest and other costs and asked that this be worked out. If a reasonable agreement could not be reached then it would need to play out in the courts.
Fast forward to today:
All along the various law offices working with and on behalf of Geldert Group have been giving assurance that we should be able to get a decent settlement. In March we were offered an exit for approximately $13,800 but Geldert felt we would do better so most people continued on.
December 14, 2017 the "fair settlement" that Northmont bullied and threatened to all the owners was we are forced to pay all charges with the 27% compounded interest but then add to that total another random 20% to be released and return our asset back to them, for a total settlement of 120% of last compounded statement. The price basically doubled since March.
If any owner does not pay in full by February 15, 2018 they will increase the 20% to 42% so the settlement is now minimally 162% of last compounded statement and they will refuse to release you or come up with any price they deem to release you.
So basically 2000+ Albertans alone are being held hostage by Northmont who is demanding a random payment for an owner having a single week of approximately $24,000. (Some folks own multiple weeks). That is 48 Million dollars. The price of that ransom will be increased to an unknown sum if you cannot or do not make payment.
They have also assured people that if you do not pay, not only will the ransom fee increase to whatever they determine but they will start legal proceedings via liens on our property, seizing assets etc.
Northmont has a history of doing this type of scenario, buying failing resorts at a bargain price, force owners to pay huge sums of money for renovations or pay huge sums of money to be released all while Northmont increases the value and retains their asset. It is a legal scam that steals money from the owners who have no protection.
Owners are left holding the bag. They bought their timeshare for tens of thousands of dollars on average, are unable to use it and now must pay tens of thousands again to simply give it back. How can this happen?
This does not seem like a scenario that one would see in Canada unfolding and nobody seems to be taking notice at all.
I am reaching out to you today in a last ditch effort to help.
Sincerely,