DarkLord
TUG Member
G1, I have only been contacted by email which I forwarded to Geldert Law and ignored.
Has anyone heard how the May 12 appeal hearing went or when we may hear back from the courts on a ruling?
This is not just a very late audited statement but also a opportunity to quote the other agreement to us vacation villa lease holders and let us know that it will be our responsibility to pay Northwynd Management costs for lawyers to fight a former employee and pay for the potential settlement. This employee was not cutting grass at the resort and who knows maybe it was Kirk Wankel. It was someone important or they would not have mentioned this as part of their AD. The other item that they made sure we would be aware of is page 11 item no. 7 Replacement Reserve. There is nothing in our agreement stating they can charge two maintenance fees. Sorry Northwynd, one MF which if you had responsible management and trustee to be broken down into two bank accounts being operating and replacement reserve. For you people sitting on the fence these guys are criminals as far as i am concerned and you should cut all ties with them. It will not stop at 40 million and maintenance fees will more than double. I have been researching Diamond Resorts and you can find it on the web where owners started with 600 dollars a year for a one bedroom sleeps four and now their fees are 2200 dollars. This is where this resort is going. Hire Gildert law.Northwynd/mont finally posted 2013's financial statements audited again by Collins Barrow. The statements do not provide enough detail to determine how much money is being paid to the CEO and other staff; other than > 2 million went to management, and on-site wages increased despite the downsizing. They only want us to see what came in and went out with respect to property management in a broad sense, and stated that their debt has now been paid with the $ acquired from 1/3rd who paid to get out and 1/3rd who chose to stay in and continue to pay. Most interestingly statements indicated that the developers paid their share for the units not leased/sold, but also took care of the reno costs for those who paid for the premium lifetime crap.
It was also stated that a former employee is suing Northwynd. Would be nice to find out who that is and the nature of the Statement of Claim; and given that it has been filed in court it should be accessible to the public. Said all along that the greatest ally we could find besides one another would be a former disgruntled insider who got shafted while watching the psychopaths who hired him line their pockets with millions. An earlier post with a website detailed what a former employee said while trying to pitch the Leg Irons for Life garbage. When asked what happened to Fairmont he said the owners ripped us all off for millions and declared bankruptcy.
There is a lot of dirt underneath the rock Wankel and his cohorts sit on, and it doesn't matter if a lot of it is leftovers from Fairmont and the rest with a failed transition and mismanagement. It was never a part of what any of us agreed to and regardless of the appeal outcome, the contract breaches have to be addressed if a fair outcome is ever to be achieved. If this means tying them up in court with further claims so be it; I'll never roll over to the likes of these psychopaths!
Is it too late to join those involved with Gildert Law at this point?
Looks like this property has been sols , so now northwynd has more money in their coffers . about 10 mil
http://www.specializedassets.com/properties/lake-okanagan-resort-price-reduced
Even though time shares were not included in the listing one wonders what they will do with the LOR lessee contracts.
When do you think we will see a for sale sign in Fairmont? probably better odds than 649 to pick when
Spark1, the resort you refer to in Mesquite Nevada is the Oasis resort and casino, it closed a few years ago, a victim of the 2008 recession. It has been torn down I believe according to a newspaper article in the Mesquite newspaper. Northwynd owned an interest in some timeshare rooms at that resort in the past, but this is now worthless.Pacific Links has taken over the ownership of the Makaha resort Hawaii 4 days ago because of foreclosure. I believe all that is left is a few rooms in Mesquite Nevada and that is it for the Platinum Club. What a future we have with Northwynd,they were the biggest timeshare company in Canada and what are they now? For you people paying 100.00 dollars a month save your money because this resort is going down just like all the others.
Spark1, the resort you refer to in Mesquite Nevada is the Oasis resort and casino, it closed a few years ago, a victim of the 2008 recession. It has been torn down I believe according to a newspaper article in the Mesquite newspaper. Northwynd owned an interest in some timeshare rooms at that resort in the past, but this is now worthless.
Not true. The Oasis hotel is now torn down but the two timeshare buildings are still there. I don't know if Northwynd still has an interest in any of the units. Owners and exchangers still get discounts at the Casablanca and a couple of the golf courses.
Lynn