Peppertree Atlantic Beach I bankruptcy

[elaine]

I also use to own at Peppertree. What I don't understand is weren't the decks, walkways, and general construction thoroughly examined when the elevators were put in around 2006? I would have thought defects, etc. would have been spotted and corrected then when they connected everything to the new walkways to the elevators. It just sounds very weird to me. It's so sad b/c this was such a great place and our whole family had such good memories.

 

[Kozman]

I also use to own at Peppertree. What I don't understand is weren't the decks, walkways, and general construction thoroughly examined when the elevators were put in around 2006? I would have thought defects, etc. would have been spotted and corrected then when they connected everything to the new walkways to the elevators. It just sounds very weird to me. It's so sad b/c this was such a great place and our whole family had such good memories.

My exact thoughts. I don't recall seeing anything that looked dangerous or structurally unsound. When the elevators were installed there was extensive construction added to join the individual buildings to share the elevators. I am scratching my head and will resist suggesting conspiracy theories.

 

[Kozman]

Any update on what is going on?

 

[Mulligan101]

Got my bill for maintenance fees, but no word on repairs or anything else, for that matter.

 

[Kozman]

Got my bill for maintenance fees, but no word on repairs or anything else, for that matter.

If the resort is not ready for occupancy on Jan. 1 why would anyone pay their maintenance fee? They already took almost 1/3 of a year maintenance fee for 2015 while not being open and thus not needing much of it. I think I would want some info on what is planned before forking over more money with such an open ended future.

 

[Cancun1994]

I received a letter from HOA for PAB II, with the annual budget for year ending 12/31/16. The letter stated that the board is still weighing their options regarding the stairwells and decks. Total replacement has been recommended by architects and engineers, but HOA is still investigating all possibilities. Also, since PABI declared bankruptcy, the other two associations will have to take over their (PABI) share of common area expenses; therefore board of directors approved a 6.5% maintenance fee increase in 2016 for additional expenses. No mention of special assessment fee. At this point, I would gladly give up any ownership or interest in Peppertree Atlantic Beach!

I received my maintenance fee bill this weekend. Not sure what to do about that. I have been able to follow what is going on in the courts between the city and peppertree - does not look good. there was a statement that the proposal was trying to keep the cost to repair 15 -25 to where the owners could afford it. I am sure they were not talking about Festiva either

 

[Kozman]

I received my maintenance fee bill this weekend. Not sure what to do about that. I have been able to follow what is going on in the courts between the city and peppertree - does not look good. there was a statement that the proposal was trying to keep the cost to repair 15 -25 to where the owners could afford it. I am sure they were not talking about Festiva either

I bet there will be many owners who will not pay. How about the owners shut out the last quarter of 2015? They already paid MF for nothing in return and are now being asked to pay again without any detailed info. Would we be the only fools to pay when the resort may very well be forced into bankruptcy like phase I. I'm not sure what to do. They need a website link or something to keep owners informed if they expect $$$$.

 

[Mulligan101]

I bet there will be many owners who will not pay. How about the owners shut out the last quarter of 2015? They already paid MF for nothing in return and are now being asked to pay again without any detailed info. Would we be the only fools to pay when the resort may very well be forced into bankruptcy like phase I. I'm not sure what to do. They need a website link or something to keep owners informed if they expect $$$$.

I found this online . It seems to be a recent update from a local news channel.

http://abc11.com/travel/beach-timeshares-condemned-/1113136/

Thie last paragraph of this article states:

The repairs have yet to start on the stairways and walkways, but the attorney said they hope to get started the first of 2016. If all goes as planned, she said the association hopes to have the repairs done by May 2016. She said the maintenance fees collected will be paying for those repairs.

Hope you can link to the full article.

 

[Kozman]

I found this online . It seems to be a recent update from a local news channel.

http://abc11.com/travel/beach-timeshares-condemned-/1113136/

Thie last paragraph of this article states:

The repairs have yet to start on the stairways and walkways, but the attorney said they hope to get started the first of 2016. If all goes as planned, she said the association hopes to have the repairs done by May 2016. She said the maintenance fees collected will be paying for those repairs.

Hope you can link to the full article.

Thanks! I wonder why the owners are the last to find these things out. I'll have to think about this.

 

[Egret1986]

Yes, thank you for sharing the news report. The HOA nor anyone else there is sharing.

I found this online . It seems to be a recent update from a local news channel.

http://abc11.com/travel/beach-timeshares-condemned-/1113136/

Thie last paragraph of this article states:

The repairs have yet to start on the stairways and walkways, but the attorney said they hope to get started the first of 2016. If all goes as planned, she said the association hopes to have the repairs done by May 2016. She said the maintenance fees collected will be paying for those repairs.

Hope you can link to the full article.

Another reminder to the public that "timeshare" is a dirty word. Just more reinforcement of the negative opinions folks have about the timeshare industry.

You buy a timeshare, you pay your maintenance fee, your usage is denied through no fault of your own. Sorry about that, "it's an unfortunate consequence of timeshare ownership." :annoyed:

You're right, Kozman. Why would someone be inclined to pay a maintenance fee when the bids aren't in for the work, much less the repairs being started. What a mess.

 

[Kozman]

Another reminder to the public that "timeshare" is a dirty word. Just more reinforcement of the negative opinions folks have about the timeshare industry.

You buy a timeshare, you pay your maintenance fee, your usage is denied through no fault of your own. Sorry about that, "it's an unfortunate consequence of timeshare ownership." :annoyed:

You're right, Kozman. Why would someone be inclined to pay a maintenance fee when the bids aren't in for the work, much less the repairs being started. What a mess.

My fear would be that if I pay the MF they may then come up with a large special assessment later. Then you'd have more invested in the resort and be more likely to pay the SA than if you knew it was coming before paying the MF. Nothing has been definitively communicated to owners.

 

[Cancun1994]

I bet there will be many owners who will not pay. How about the owners shut out the last quarter of 2015? They already paid MF for nothing in return and are now being asked to pay again without any detailed info. Would we be the only fools to pay when the resort may very well be forced into bankruptcy like phase I. I'm not sure what to do. They need a website link or something to keep owners informed if they expect $$$$.

we have until March 2016 and the statement indicates they will turn bill over to the collection agency. Not sure how we are going to handle any of it at this time.

 

[shp84]

Is there an easy way to walk away?

I received a letter from HOA for PAB II, with the annual budget for year ending 12/31/16. The letter stated that the board is still weighing their options regarding the stairwells and decks. Total replacement has been recommended by architects and engineers, but HOA is still investigating all possibilities. Also, since PABI declared bankruptcy, the other two associations will have to take over their (PABI) share of common area expenses; therefore board of directors approved a 6.5% maintenance fee increase in 2016 for additional expenses. No mention of special assessment fee. At this point, I would gladly give up any ownership or interest in Peppertree Atlantic Beach!

We received our 2016 Maintenance Fee bill for PABII this week after being shut out of our week October 2015. At this point we don't have much confidence in the HOA and would be willing to walk away if I could guarantee that I would not be liable for maintenance fees or future assessments. Any ideas of how to legally extract myself from this contract? The Festiva websites offer no information, and I wouldn't expect that they would make it easy to deed back our week.

 

[Cancun1994]

thank you for linking the story

Another reminder to the public that "timeshare" is a dirty word. Just more reinforcement of the negative opinions folks have about the timeshare industry.

You buy a timeshare, you pay your maintenance fee, your usage is denied through no fault of your own. Sorry about that, "it's an unfortunate consequence of timeshare ownership." :annoyed:

You're right, Kozman. Why would someone be inclined to pay a maintenance fee when the bids aren't in for the work, much less the repairs being started. What a mess.

thank you for the additional information. We are trying to decide whether or not we will pay the MF;

 

[jackrorabbit]

We received our 2016 Maintenance Fee bill for PABII this week after being shut out of our week October 2015. At this point we don't have much confidence in the HOA and would be willing to walk away if I could guarantee that I would not be liable for maintenance fees or future assessments. Any ideas of how to legally extract myself from this contract? The Festiva websites offer no information, and I wouldn't expect that they would make it easy to deed back our week.

best guess is between $1,500 and $3,500 in attorney fees for their "negligence".

 

[Mulligan101]

thank you for the additional information. We are trying to decide whether or not we will pay the MF;

I just received a friendly email from Patton Hospitality (aka Festiva) reminding me that I can pay my maintenance fee online, along with some more useless information,. At this point, I am still undecided as to what to do. I have been an owner at Peppertree Atlantic Beach since 1989 and have faithfully paid my MF every year, apparently laboring under the delusion that it was being used to maintain the resort. It would be nice to hear some definite plans from the HOA, instead of searching for updates online. But as the HOA has "lawyered up" as we say here in Tennessee, perhaps they are unwilling to be forthcoming about any future plans for the resort.

 

[RLS50]

PAB vs. APATB III

Many of these so called "management" companies are money pits backed up by the Boards that hire them. I don't trust any of the management companies. Look at what SPM has done at APATB III. They want your money. They will bleed you dry if the Board lets them. I hope there are honest management companies out there but I haven't seen one yet.

Could I ask a question here related to Atlantic Beach properties?

In the last part of your comment you made a negative remark about SPM and APATB III. Can you explain? Not saying you are wrong, or that I disagree per se with your general point, just trying to get some detail and context as it specifically applies to APATB III.

I can tell you from my vantage point APATB III seems to be the polar opposite of PAB. They remodeled all the Building L units last year, and doing all the Building K units this year. Not just a new rug or a new couch, we are talking complete gut jobs and remodels from floor to ceiling in every room. They added elevators. They keep adding amenities and seem to keep the property in great shape. And their management staff always seems super friendly and responsive to any questions.

Again, I am no expert on either property at Atlantic Beach. I have never stayed there in my life (yet).

But whereas PAB and their management and HOA seem to be complete disasters, it seems to me that APATB III is making a lot of good decisions and really re-investing profits into the properties, which should make owners happy since the value of their units would (in theory) go up.

Just curious to hear the thoughts of you and other Atlantic Beach travelers that seem to know the area and resorts so well.

What am I missing?

 

[burchblue]

The "resort" has it's attorney and the HOA has it's attorney. Don't we owners need to band together and get our attorney? I live in Durham NC. I have spoken with a few attorneys here. None of them would touch this case. They said it wasn't worth their time. I am now checking with attorneys in Morehead City/Atlantic Beach. I don't intend to pay 2015 or 2016 Maintenance Fees since my 2015 week was cancelled and there is no guarantee that my 2016 week will be usable. Any ideas on how we as a group could gain legal representation?

 

[Kozman]

The "resort" has it's attorney and the HOA has it's attorney. Don't we owners need to band together and get our attorney? I live in Durham NC. I have spoken with a few attorneys here. None of them would touch this case. They said it wasn't worth their time. I am now checking with attorneys in Morehead City/Atlantic Beach. I don't intend to pay 2015 or 2016 Maintenance Fees since my 2015 week was cancelled and there is no guarantee that my 2016 week will be usable. Any ideas on how we as a group could gain legal representation?

I don't see how this outcome can end in anything but disaster for owners who try to play by the rules and pay for 2016 when the HOA and Festiva have totally avoided any communication with the owners. This situation will likely spiral out of control because many owners feel like you and I do and will not pay. I agree with your premise of not paying. If enough stand up to the HOA they will have no option but to file for bankruptcy. That might be the owners best option. What happened to all the left over maintenance fees collected for 2015? Surely a closed resort does not need that level of funding. Are they using the money for lawyers who are working against the owners interest? Something smells!

 

[shp84]

Attorney handling my PAB deedback

The "resort" has it's attorney and the HOA has it's attorney. Don't we owners need to band together and get our attorney? I live in Durham NC. I have spoken with a few attorneys here. None of them would touch this case. They said it wasn't worth their time. I am now checking with attorneys in Morehead City/Atlantic Beach. I don't intend to pay 2015 or 2016 Maintenance Fees since my 2015 week was cancelled and there is no guarantee that my 2016 week will be usable. Any ideas on how we as a group could gain legal representation?

I have retained M. Douglass Goines to prepare an offer to deed back our week to the HOA.

Beswick & Goines, PLLC
911 Arendell Street
Morehead City, NC 28557
Phone: 252.726.2134
Fax: 252.726.7438
E-Mail: BGPLLC@coastalaw.com

 

[Mulligan101]

I have retained M. Douglass Goines to prepare an offer to deed back our week to the HOA.

Beswick & Goines, PLLC
911 Arendell Street
Morehead City, NC 28557
Phone: 252.726.2134
Fax: 252.726.7438
E-Mail: BGPLLC@coastalaw.com

Thank you for the information. I haven't paid my MF either. I found it interesting that PABII was discussed in the following blog: http://timeshare-resale-blog.rpmls....e-maintenance-fees-cover-routine-maintenance/

 

[CatCat]

I have 2 units for week 30 in building 18. I still haven't paid my maintenance fees for 2016, so I called PAB today today to ask about my options. I spoke with Catherine in the office, who told me that if the repairs aren't complete by that time, there were no plans to relocate anyone to another unit. Also, the HOA is NOT buying units back at this time!!! I asked her what would happen if I didn't pay the fees, and she said that the HOA would send the bill to collections, after which, if I don't pay, would result in my credit score being hit in a negative way. UGH!!!

 

[Kozman]

I have 2 units for week 30 in building 18. I still haven't paid my maintenance fees for 2016, so I called PAB today today to ask about my options. I spoke with Catherine in the office, who told me that if the repairs aren't complete by that time, there were no plans to relocate anyone to another unit. Also, the HOA is NOT buying units back at this time!!! I asked her what would happen if I didn't pay the fees, and she said that the HOA would send the bill to collections, after which, if I don't pay, would result in my credit score being hit in a negative way. UGH!!!

Anyone know how much a credit score would be hit? Mine can afford a hit.

 

[theo]

Anyone know how much a credit score would be hit? Mine can afford a hit.

I don't know a thing about this resort, but generally speaking there is little chance of any negative credit reporting efforts until or unless matters reach the stage of actual foreclosure --- despite any opinion which a clueless and unauthorized front desk clerk might unilaterally decide and choose to express.

Under the circumstance described, it would seem that this place has much bigger mismanagement problems to fix before threatening any negative credit reporting.

 

[allsmiles277]

Demolition and repairs delayed

I talked with somebody at Peppertree Atlantic Beach NC about a week ago and demolition of Buildings 1-14 had not started and walkway and deck repairs had not started on Buildings 15-25. I was told they were starting very soon and should be completed in the next 2-3 months. I have no faith in Peppertree Atlantic beach NC, Festiva management group or any of The Boards at Peppertree. I don't believe anything I hear from them. Pathological liars could be a good term to use but I hesitate to apply this on this forum. The Boards have not done their job. Festiva has not done their job. Peppertree has not done their job. only believe what you see with Festiva and The Boards at Peppertree because I don't trust either. Never take their word for anything. They cannot be trusted.