truthr
newbie
Something maybe our lawyer should be providing as he receives them??? And the one the judge is referring to is dated September 30, 2017.Wow, only read part so far. Anyone know how to get the Exhibits?
Something maybe our lawyer should be providing as he receives them??? And the one the judge is referring to is dated September 30, 2017.Wow, only read part so far. Anyone know how to get the Exhibits?
But Stephen is the only one who has reached out to me to comment. Truth is unavailable to speak to me at this time. If anyone else would like to go on record with their comments about this situation, please feel free to call me at 250-341-6299 ext. 110If your not up to speed on the legal then you would be doing this group a dis-service. Your also new and have little input to this group. I agree Truth-renaissance seems to have a good handle and probably the background required.
The short answer is it was reduced, but since the number units decreased also, the amount each unit week pays remains the same.
As example, as I understand it the resort has/had a total of 250 units. I dont know the exact amount of the total RPF originally, but lets say $52million covering 250 units or $208k per unit. If you remove 128 units from the timeshare plan, the total amount of the RPF then goes down to $25.376 million covering 122 units. So the total cost of the project has decreased, but so has the number of units paying the RPF.
So your individual bill is still same.
The settlement dollar amounts may be based on the RPF, past maintenance, interest, costs, etc. but I wonder if the resort itself will ever see the monies collected from the "settlement" agreements.The settlement amount is to leave the resort. ALL the settlements include the RPF. Can you explain that with logical reasoning? And the original amount per unit was ridiculous, as it continues to be.
Wish I had deep pockets to argue your excellent points with a scary-good lawyer!!!The basis for an appeal in res judicata, are limited to discovery of fraud, error in fact or important new facts, not reasonably discoverable by due diligence at the time the case was argued. Other basis include judicial error or judicial bias. The judge must be seen to have empathy towards the aggrieved parties.
1. Error in fact: the timeshare interest owners were stated as the "owners" of the resort for purposes of capital costs.
In Jeke v Northmont, paragraph 17 "Vacation interval owners are sometimes referred to as owners or lessees depending on the type of their respective interests. As I will describe below, Jeke's interest is as a lessee. I will refer to them as owners." REALLY!?
Note in the same case, paragraph 45; "...Fairmont's operations at the resort continued until mid-2010 when the CCAA proceedings resulted in Fairmont's secured creditors through a new ownership structure, which included Northmont taking over the assets of Fairmont. These assets included Fairmont's interests under the Jeke VIA's."
Timeshare owner interests form only a small portion of Northmont's assets at Sunchaser, about 38.5% including Northmont's reversionary interests.
Note paragraph 47, "Northmont inherited a resort with significant maintenance and structural issues." So again, Northmont LP is stated as the primary owner of the resort. NW has made millions from the resort as they have done in other resorts around the world. They did this through sales of Legacy for Life, through firesale timeshares in 2010, through management fees of 15%, through RVM, through income from NP REIT secured against Sunchaser properties, as well as numerous fees and commissions on the REIT sales. There is no question that Sunchaser under NW LP is a for profit business and not a break even cost recovery operation like a strata property. So in summary, who are the real owners?! NOT the timeshare lessees. This was error in fact, judicial error, and in the background, significant fraud.
How on earth did the judge view the lessees as the only owners responsible for capital renovations. I'm not just talking about cancelled timeshare interests reverting to NM, but the fact they owned all the assets of the resort and will still profit from the sale of units removed from the resort in the downsizing.
One more argument to judicial bias and/or error;
Paragraph 273, "...the logical question that arises is - if the owners are not required to pay for these types of costs, whether they are in the nature of capital or not, then who is?" The right answer is ALL the owners!
She goes on in paragraph 287 to argue , "There is nothing in the prospectus that imposes an obligation on any other person to pay such capital costs..."
The judge shows bias or error in her conclusion that absence of a contract statement about who shares costs means ONLY the timeshare owners. Contract interpretation is not the only factor the judge needed to consider. A more logical conclusion is that the developer and true owner of the resort should be responsible for at least the portion of the renovations that are over and above normal repairs and maintenance. Who wouldn't want to run a for profit business where the owner gets all the profits yet gets to pass off all his expenses onto someone else?! The judge is flip flopping throughout between between strata and non strata type arguments to favour NM's side. Judicial bias.
Just throwing this out there as possible fodder to those still fighting this battle. My fight is over. Good Luck!
The short answer is it was reduced, but since the number units decreased also, the amount each unit week pays remains the same.
As example, as I understand it the resort has/had a total of 250 units. I dont know the exact amount of the total RPF originally, but lets say $52million covering 250 units or $208k per unit. If you remove 128 units from the timeshare plan, the total amount of the RPF then goes down to $25.376 million covering 122 units. So the total cost of the project has decreased, but so has the number of units paying the RPF.
So your individual bill is still same.
I don't understand your logic. The RPF was based on each "Owner" paying their portion of renovating 250 units, which will cost $52 million. Let's say 14000 Owners had to pay their share of the $52 million RPF. If the Owner paid the RFP to leave, that money should still go towards renovating all 250 units, because that's how the RPF was calculated. If Northmount decides to remove some units from the renovations, now they are only renovating 128 units at $25 million. 14000 Owners now pay their portion of $25 million. So your individual bill is not the same, it's almost half the amount. Do the math, it's pretty basic.
Does this sound familiar?:Everything is complex in this case to confuse the hell out of us.
Something maybe our lawyer should be providing as he receives them??? And the one the judge is referring to is dated September 30, 2017.
Well I am sure we can all help him get those huge 5 STAR reviews he is looking for to get his next client feeling the warm and fuzzies by saying how much we appreciated what he was able to do for us:Geldert is too busy getting glowing reviews posted on Yelp to offset the negative ones.
I see on one of review sites that some reviews/comments/ratings did not get approved because they violated the sites rules so be sure you follow the sites rules.Well I am sure we can all help him get those huge 5 STAR reviews he is looking for to get his next client feeling the warm and fuzzies by saying how much we appreciated what he was able to do for us:
https://www.citheownersgroup.org/jra-info
Let's let everyone know he has 5 thumbs up from us
Take some time and share your experience so everyone knows how you feel
https://www.yelp.ca/biz/geldert-law-vancouver
https://www.fyple.ca/company/geldert-law-3thwj8q/
http://www.lawyerlookup.review/british-columbia-vancouver/business/189809/Geldert-Law.html
https://www.facebook.com/GeldertLaw/
https://ca.lynkos.com/company/geldert-law/reviews
http://www.bigreddirectory.ca/geldert-law-vancouver
https://www.canlisting.com/firm/geldert-law-865917
https://www.capointfinder.com/index.php/listing/geldert-law/
https://www.canadapages.com/geldert-law-vancouver-bc-7783307775/
https://www.bubblemortgage.com/geldertlaw.com
Well I am sure we can all help him get those huge 5 STAR reviews he is looking for to get his next client feeling the warm and fuzzies by saying how much we appreciated what he was able to do for us:
https://www.citheownersgroup.org/jra-info
Let's let everyone know he has 5 thumbs up from us
Take some time and share your experience so everyone knows how you feel
https://www.yelp.ca/biz/geldert-law-vancouver
https://www.fyple.ca/company/geldert-law-3thwj8q/
http://www.lawyerlookup.review/british-columbia-vancouver/business/189809/Geldert-Law.html
https://www.facebook.com/GeldertLaw/
https://ca.lynkos.com/company/geldert-law/reviews
http://www.bigreddirectory.ca/geldert-law-vancouver
https://www.canlisting.com/firm/geldert-law-865917
https://www.capointfinder.com/index.php/listing/geldert-law/
https://www.canadapages.com/geldert-law-vancouver-bc-7783307775/
https://www.bubblemortgage.com/geldertlaw.com
The other arguable point is that the Federal Court of Appeal judged Club Intrawest timeshare owners as merely owning a right of occupancy in exchange for their resort points. The Federal decision could be held up as point out the mistake the B.C. and AB judges made. https://www.newswire.ca/news-releas...deral-court-of-appeal-decision-635276573.htmlThe basis for an appeal in res judicata, are limited to discovery of fraud, error in fact or important new facts, not reasonably discoverable by due diligence at the time the case was argued. Other basis include judicial error or judicial bias. The judge must be seen to have empathy towards the aggrieved parties.
1. Error in fact: the timeshare interest owners were stated as the "owners" of the resort for purposes of capital costs.
In Jeke v Northmont, paragraph 17 "Vacation interval owners are sometimes referred to as owners or lessees depending on the type of their respective interests. As I will describe below, Jeke's interest is as a lessee. I will refer to them as owners." REALLY!?
Note in the same case, paragraph 45; "...Fairmont's operations at the resort continued until mid-2010 when the CCAA proceedings resulted in Fairmont's secured creditors through a new ownership structure, which included Northmont taking over the assets of Fairmont. These assets included Fairmont's interests under the Jeke VIA's."
Timeshare owner interests form only a small portion of Northmont's assets at Sunchaser, about 38.5% including Northmont's reversionary interests.
Note paragraph 47, "Northmont inherited a resort with significant maintenance and structural issues." So again, Northmont LP is stated as the primary owner of the resort. NW has made millions from the resort as they have done in other resorts around the world. They did this through sales of Legacy for Life, through firesale timeshares in 2010, through management fees of 15%, through RVM, through income from NP REIT secured against Sunchaser properties, as well as numerous fees and commissions on the REIT sales. There is no question that Sunchaser under NW LP is a for profit business and not a break even cost recovery operation like a strata property. So in summary, who are the real owners?! NOT the timeshare lessees. This was error in fact, judicial error, and in the background, significant fraud.
How on earth did the judge view the lessees as the only owners responsible for capital renovations. I'm not just talking about cancelled timeshare interests reverting to NM, but the fact they owned all the assets of the resort and will still profit from the sale of units removed from the resort in the downsizing.
One more argument to judicial bias and/or error;
Paragraph 273, "...the logical question that arises is - if the owners are not required to pay for these types of costs, whether they are in the nature of capital or not, then who is?" The right answer is ALL the owners!
She goes on in paragraph 287 to argue , "There is nothing in the prospectus that imposes an obligation on any other person to pay such capital costs..."
The judge shows bias or error in her conclusion that absence of a contract statement about who shares costs means ONLY the timeshare owners. Contract interpretation is not the only factor the judge needed to consider. A more logical conclusion is that the developer and true owner of the resort should be responsible for at least the portion of the renovations that are over and above normal repairs and maintenance. Who wouldn't want to run a for profit business where the owner gets all the profits yet gets to pass off all his expenses onto someone else?! The judge is flip flopping throughout between between strata and non strata type arguments to favour NM's side. Judicial bias.
Just throwing this out there as possible fodder to those still fighting this battle. My fight is over. Good Luck!
Yes I have and they responded that all they could do is reach out to Northmont with the complaint and see if they respond. They did, however, forward the complaint on to the Federal Trade Commission. I think anything that happens will be too late to help us, but the complaints are on record now so hopefully some other poor souls won't fall for this travesty in the future.Have any of the US people contacted the Attorney General's office of their state to see if these rulings have merit in their particular state. If so, what did you find out?
The basis for an appeal in res judicata, are limited to discovery of fraud, error in fact or important new facts, not reasonably discoverable by due diligence at the time the case was argued. Other basis include judicial error or judicial bias. The judge must be seen to have empathy towards the aggrieved parties.
1. Error in fact: the timeshare interest owners were stated as the "owners" of the resort for purposes of capital costs.
In Jeke v Northmont, paragraph 17 "Vacation interval owners are sometimes referred to as owners or lessees depending on the type of their respective interests. As I will describe below, Jeke's interest is as a lessee. I will refer to them as owners." REALLY!?
Note in the same case, paragraph 45; "...Fairmont's operations at the resort continued until mid-2010 when the CCAA proceedings resulted in Fairmont's secured creditors through a new ownership structure, which included Northmont taking over the assets of Fairmont. These assets included Fairmont's interests under the Jeke VIA's."
Timeshare owner interests form only a small portion of Northmont's assets at Sunchaser, about 38.5% including Northmont's reversionary interests.
Note paragraph 47, "Northmont inherited a resort with significant maintenance and structural issues." So again, Northmont LP is stated as the primary owner of the resort. NW has made millions from the resort as they have done in other resorts around the world. They did this through sales of Legacy for Life, through firesale timeshares in 2010, through management fees of 15%, through RVM, through income from NP REIT secured against Sunchaser properties, as well as numerous fees and commissions on the REIT sales. There is no question that Sunchaser under NW LP is a for profit business and not a break even cost recovery operation like a strata property. So in summary, who are the real owners?! NOT the timeshare lessees. This was error in fact, judicial error, and in the background, significant fraud.
How on earth did the judge view the lessees as the only owners responsible for capital renovations. I'm not just talking about cancelled timeshare interests reverting to NM, but the fact they owned all the assets of the resort and will still profit from the sale of units removed from the resort in the downsizing.
One more argument to judicial bias and/or error;
Paragraph 273, "...the logical question that arises is - if the owners are not required to pay for these types of costs, whether they are in the nature of capital or not, then who is?" The right answer is ALL the owners!
She goes on in paragraph 287 to argue , "There is nothing in the prospectus that imposes an obligation on any other person to pay such capital costs..."
The judge shows bias or error in her conclusion that absence of a contract statement about who shares costs means ONLY the timeshare owners. Contract interpretation is not the only factor the judge needed to consider. A more logical conclusion is that the developer and true owner of the resort should be responsible for at least the portion of the renovations that are over and above normal repairs and maintenance. Who wouldn't want to run a for profit business where the owner gets all the profits yet gets to pass off all his expenses onto someone else?! The judge is flip flopping throughout between between strata and non strata type arguments to favour NM's side. Judicial bias.
Just throwing this out there as possible fodder to those still fighting this battle. My fight is over. Good Luck!
The settlement amount is to leave the resort. ALL the settlements include the RPF. Can you explain that with logical reasoning?
I don't understand your logic. The RPF was based on each "Owner" paying their portion of renovating 250 units, which will cost $52 million. Let's say 14000 Owners had to pay their share of the $52 million RPF. If the Owner paid the RFP to leave, that money should still go towards renovating all 250 units, because that's how the RPF was calculated. If Northmount decides to remove some units from the renovations, now they are only renovating 128 units at $25 million. 14000 Owners now pay their portion of $25 million. So your individual bill is not the same, it's almost half the amount. Do the math, it's pretty basic.
Excellent point! Should definitely be part of any strategy going forward. Obviously the judge in the Intrawest case didn't follow the poor precedent set by the judges in our cases.The other arguable point is that the Federal Court of Appeal judged Club Intrawest timeshare owners as merely owning a right of occupancy in exchange for their resort points. The Federal decision could be held up as point out the mistake the B.C. and AB judges made. https://www.newswire.ca/news-releas...deral-court-of-appeal-decision-635276573.html
Oh, but the lawyer that represented Club Intrawest was M. Geldert, and the judges "judge" based on what's presented to them.Excellent point! Should definitely be part of any strategy going forward. Obviously the judge in the Intrawest case didn't follow the poor precedent set by the judges in our cases.
That short answer is because that what your attorney has negotiated. The court is not directing the terms of the settlement, they only ruled that the NM is entitled to a judgement to collect the RFP. That represents a starting point, where you end up is entirely up to your lawyer and NM. The court has been explicitly clear they are willing to hear arguments if the parties cannot reach an agreement. MG is apparently making the decision to give up rather than go back before the judge again. Given his 0% success rate in the trial cases and since he is not paying any part of the settlement, I can understand his motivation on that point.
Yes, he's not paying any part of the settlement, plus.............MG wants nothing more to do with us.....yet he's so surprised that he's had complaints filed against him with the B.C. Law Society.