Peppertree Atlantic Beach I bankruptcy

[SheilaE]

This is an email I received today from Member Services to a question posed 3-4 weeks ago!!! I knew the answer but did file a dispute on my cc for the Mntnce Fees and had them credited back to my card. We will see what happens.

Mrs. Erickson,

Thank you for contacting Member Services. Yes, your maintenance fee is required to be paid regardless of being able to use your unit. Please let us know if you need further assistance.

Thank you,

Member Services
Patton Hospitality Management
521 College Street
Asheville, NC 28801
855-411-9335
memberservices@pattonhospitality.com

 

[allsmiles277]

This is an email I received today from Member Services to a question posed 3-4 weeks ago!!! I knew the answer but did file a dispute on my cc for the Mntnce Fees and had them credited back to my card. We will see what happens.

Mrs. Erickson,

Thank you for contacting Member Services. Yes, your maintenance fee is required to be paid regardless of being able to use your unit. Please let us know if you need further assistance.

Thank you,

Member Services
Patton Hospitality Management
521 College Street
Asheville, NC 28801
855-411-9335
memberservices@pattonhospitality.com

If you only own 1 timeshare there is a possibility nothing will happen. They can try and affect your credit rating if they really want to get you mad. I think it would cost more money to come after you with legal costs than it is worth to them. If you own many timeshares at Peppertree then it may be worth it for Peppertree to come after you legally. I think Peppertree Atlantic Beach NC is in for a rough ride over the next few years since maintenance fees have skyrocketed and the only weeks of any value are prime summer weeks. People are going to be dropping them left and right. I think they will eventually go bankrupt trying to bleed you dry with assessments and maintenance fees. If everybody with weeks of no value just refuse to pay maintenance fees I think they will have no choice but to file for bankruptcy in Section II and III.

 

[Mulligan101]

If you only own 1 timeshare there is a possibility nothing will happen. They can try and affect your credit rating if they really want to get you mad. I think it would cost more money to come after you with legal costs than it is worth to them. If you own many timeshares at Peppertree then it may be worth it for Peppertree to come after you legally. I think Peppertree Atlantic Beach NC is in for a rough ride over the next few years since maintenance fees have skyrocketed and the only weeks of any value are prime summer weeks. People are going to be dropping them left and right. I think they will eventually go bankrupt trying to bleed you dry with assessments and maintenance fees. If everybody with weeks of no value just refuse to pay maintenance fees I think they will have no choice but to file for bankruptcy in Section II and III.

I agree that Peppertree Atlantic Beach is in for a rough ride. From what I am seeing, not only on this forum, but other social media; it seems that many owners are either refusing to pay MF or trying to deed their week back. After this debacle with the condemned buildings and total lack of communication with the owners; I think a lot of owners would agree that bankruptcy sounds like the most desirable outcome.

 

[allsmiles277]

I agree that Peppertree Atlantic Beach is in for a rough ride. From what I am seeing, not only on this forum, but other social media; it seems that many owners are either refusing to pay MF or trying to deed their week back. After this debacle with the condemned buildings and total lack of communication with the owners; I think a lot of owners would agree that bankruptcy sounds like the most desirable outcome.

I heard somebody who knows what they are talking about that the cost of going after a timeshare owner is around 2000 dollars. What that means is that they will go after prime week owners because of the value of their timeshare so if you have a late Fall, Winter or early Spring timeshare you probably have nothing to worry about unless they decide to come after you after multiple years have gone by and Peppertree could already be in bankruptcy with Section II and III would probably follow if enough peiople do not pay their maintenance fees. The biggest losers will be prime time Summer week owners.

 

[Kozman]

One of the options for PAB I was to offer owners a comparable unit in PAB II or III wasn't it? Couldn't they just offer disgruntled PAB II owners the option of deeding back and directly deed the unit to PAB I owners who are interested?

 

[allsmiles277]

One of the options for PAB I was to offer owners a comparable unit in PAB II or III wasn't it? Couldn't they just offer disgruntled PAB II owners the option of deeding back and directly deed the unit to PAB I owners who are interested?

That makes perfect sense to me but that is why it may never be done because it does make sense. Management companies and "sense" don't mix and somne "Boards" don't mix either.

 

[SheilaE]

A positive - for me anyway. Had our week for sale thru a reputable firm recommended by TUG listing it last spring 2015. Had some correspondence from them to which I responded it wasn't any use since PABI was in bankruptcy and PABII was condemned and in limbo and had been closed since last fall. They responded by refunding half of my money that I paid for listing the unit with them. I went with this firm as I had spoken with others when we were on vacation who had used them to sell their units and had success - granted their units weren't Peppertree or in bankruptcy. But in Spring 2015 we didn't know anything about the issues either. Anyway - that was a positive out of all of this...so far.

 

[allsmiles277]

If you do own many timeshares at a resort and you have lost confidence in their ability to keep buildings maintained properly and spend maintenance fees wisely for future reference you may want to consider an LLC. You can speak with an attorney and he/she will let you know if that could be a solution to your situation. I think the cost per year in North Carolina is around 200 dollars and an attorney has fees to set it up. I am certainly not an expert and would recommend calling an attorney for more information about this.

 

[allsmiles277]

No faith in Festiva, Peppertree AB, HOA, Boards !!!!

I thought by now we would have gotten communication about Peppertree Atlantic Beach NC. I have received nothing to my knowledge so I will never believe a word from a Board member at Peppertree AB ever again. They have shown their true colors and I don't think they care about anybody but themselves. I predict bankruptcy in the not to distant future for all of Peppertree AB.

 

[allsmiles277]

I thought by now we would have gotten communication about Peppertree Atlantic Beach NC. I have received nothing to my knowledge so I will never believe a word from a Board member at Peppertree AB ever again. They have shown their true colors and I don't think they care about anybody but themselves. I predict bankruptcy in the not to distant future for all of Peppertree AB.

If you want false hope just call this person who is a Board member at Peppertree AB James Badia, RRP PCAM
Peppertree Atlantic Beach
Board Member
843.817.8838

 

[allsmiles277]

If you want false hope just call this person who is a Board member at Peppertree AB James Badia, RRP PCAM
Peppertree Atlantic Beach
Board Member
843.817.8838

Just got this from Board member at Peppertree AB "Good Morning,
The mailing has not gone yet because we just received the final piece we were waiting for.
The issuance of permits to start work. We just received this and are now finalizing the mailing now.
This was an important item we had to have a definite yes or no from the town before we advised the ownership."

 

[allsmiles277]

Just got this from Board member at Peppertree AB "Good Morning,
The mailing has not gone yet because we just received the final piece we were waiting for.
The issuance of permits to start work. We just received this and are now finalizing the mailing now.
This was an important item we had to have a definite yes or no from the town before we advised the ownership."

Just talked with Inspection's Office at Atlantic beach NC and only permits for repair have been issued for Buildings 20-23. The other Buildings 15-19 and 24, 25 have not been issued permits for repair. More half truths from Festiva and Peppertree AB. I cannot believe a word James Badia Board member at Peppertree AB speaks any more.

 

[allsmiles277]

Just talked with Inspection's Office at Atlantic beach NC and only permits for repair have been issued for Buildings 20-23. The other Buildings 15-19 and 24, 25 have not been issued permits for repair. More half truths from Festiva and Peppertree AB. I cannot believe a word James Badia Board member at Peppertree AB speaks any more.

The repair permits for Buildings 20-23 were issued 2 weeks ago and nothing is happening so far.

 

[Kozman]

The repair permits for Buildings 20-23 were issued 2 weeks ago and nothing is happening so far.

The longer they delay the more people who lose their occupancy the more won't pay next year the greater the chance of bankruptcy.

 

[NeedsAnswersPABII]

My husband called the inspectors office just this week and they confirmed that the power is still off in the PABII buildings. It has been off for quite some time. If you call and ask the PAB office if power is off, they will tell you it is not. But the inspectors office states that it is. These buildings will fall into complete disrepair if they are not even being cooled and heated.
Also, we have a week in March in PABII, and asked if we could use our week in one of the buildings that is not condemned. They said we could do that if we wanted to pay maintenance fees on one of those units even though we've already paid maintenance fees for a unit we cannot use. I would really love to know where our maintenance fees have been going for the last 20 years. Obviously not for maintenance...

 

[allsmiles277]

The longer they delay the more people who lose their occupancy the more won't pay next year the greater the chance of bankruptcy.

Yes and they must want to file bankruptcy on Section II because of their actions. They act like they have no intent to try and expedite these repairs. Maybe they will get them done the right way this time with OUR money. How could you have any faith in Festiva or Peppertree AB ? I have lost all faith in them and fully expect them to declare bankruptcy on Section II while they can collect what little money from maintenance fees. I am still withholding a week 21 maintenence fees. No communication is the death sentence.

 

[Kozman]

Yes and they must want to file bankruptcy on Section II because of their actions. They act like they have no intent to try and expedite these repairs. Maybe they will get them done the right way this time with OUR money. How could you have any faith in Festiva or Peppertree AB ? I have lost all faith in them and fully expect them to declare bankruptcy on Section II while they can collect what little money from maintenance fees. I am still withholding a week 21 maintenence fees. No communication is the death sentence.

It's sad the direction they are going. Collect as much money as they can without spending any further effort on saving the resort.They will not get any extension from me next year for sure.

 

[allsmiles277]

It's sad the direction they are going. Collect as much money as they can without spending any further effort on saving the resort.They will not get any extension from me next year for sure.

No communication and slow to get things done are two things Festiva and Peppertree are guilty of. I think they led people to believe that demolition of 1-14 and repairs to decks and walkways would be all done by the end of 2015. I think if this had been done at least owners would have felt a little better. I am sure there may be things that delayed this process but I am also pretty sure that Festiva and Peppertree did nothing to expedite the process to help owners get to use their units this year. Festiva and Peppertree can't be very proud of themselves for dropping the ball. All they have to do is look into the mirror to see who is causing the problem.

 

[Kozman]

No communication and slow to get things done are two things Festiva and Peppertree are guilty of. I think they led people to believe that demolition of 1-14 and repairs to decks and walkways would be all done by the end of 2015. I think if this had been done at least owners would have felt a little better. I am sure there may be things that delayed this process but I am also pretty sure that Festiva and Peppertree did nothing to expedite the process to help owners get to use their units this year. Festiva and Peppertree can't be very proud of themselves for dropping the ball. All they have to do is look into the mirror to see who is causing the problem.

Why would they care since there appears to be no ramifications for them.

 

[pedro47]

Sounds like they are going to sell the resort for pennies on the dollar. This is my personal only.

 

[Kozman]

Sounds like they are going to sell the resort for pennies on the dollar. This is my personal only.

They will sell it for pennies as you state. Festiva will march in to save the day and build new luxary units where 1-14 were as well as sell Festiva poimts for the abandened units in PABIi. Just my opinion as well.

 

[allsmiles277]

Why would they care since there appears to be no ramifications for them.

Money talks and owners walk !!!!

 

[allsmiles277]

They will sell it for pennies as you state. Festiva will march in to save the day and build new luxary units where 1-14 were as well as sell Festiva poimts for the abandened units in PABIi. Just my opinion as well.

I think you are right on the money.

 

[Kozman]

I think you are right on the money.

Festiva has been looking for a takeover from the day they took over management from Fairfield years ago. What a curious opportunity presents itself. How many board members are affialiated to Festiva?

 

[pedro47]

They will sell it for pennies as you state. Festiva will march in to save the day and build new luxary units where 1-14 were as well as sell Festiva poimts for the abandened units in PABIi. Just my opinion as well.

Location,Location, Location, Prime Beach Water front site and the price would be right to start a whole new resort project. Just my opinion as well.