Peppertree Atlantic Beach I bankruptcy

[Kozman]

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.

Here is a thread from Tug past worth reading. It adds perspective to our plight.

www.tugbbs.com/forums/showthread.php?t=93814

 

[allsmiles277]

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?

Badia ia a member and he is associated with Patton

 

[allsmiles277]

Here is a thread from Tug past worth reading. It adds perspective to our plight.

www.tugbbs.com/forums/showthread.php?t=93814

Looks like Festiva's "dream" is coming true on OUR backs !!!!!!

 

[Mulligan101]

Festiva lawsuit in Tennessee

Looks like Festiva will be paying out again.

http://wjhl.com/2016/02/24/festiva-...3-million-settlement-with-state-of-tennessee/

Glad to see someone is getting some results.

 

[pedro47]

Looks like Festiva will be paying out again.

http://wjhl.com/2016/02/24/festiva-...3-million-settlement-with-state-of-tennessee/

Glad to see someone is getting some results.

Sounds Like A Pattern of Behavior by someone. What is a 3 million dollars settlement when you can make that and more by starting a brand new water front development somewhere.

 

[Mulligan101]

Sounds Like A Pattern of Behavior by someone. What is a 3 million dollars settlement when you can make that and more by starting a brand new water front development somewhere.

One of the last times I stayed at PABII, I attended an "owner's information update " meeting which turned out to be a high pressure sales meeting. At this meeting it was implied that anyone who kept their deeded week was old fashioned and out of it. But in a curious set of circumstances, my car had a problem and the nearest place to get the warranty work done was in Jacksonville, NC. Just so happened the driver of the courtesy van had bought into the Festiva point system and had never been able to book a vacation. Needless to say, I did not buy into the point system. Why trade a fixed week and several thousand more dollars for a point system that you may never be able to use? Although it does make one wonder what is really going on with Festiva and PABII.

 

[allsmiles277]

Looks like Festiva will be paying out again.

http://wjhl.com/2016/02/24/festiva-...3-million-settlement-with-state-of-tennessee/

Glad to see someone is getting some results.

Does this mean the small settlement for points owners in North Carolina by the attorney general Roy Cooper didn't fight for a better payout or maybe he put the some in his pocket ?

 

[allsmiles277]

One of the last times I stayed at PABII, I attended an "owner's information update " meeting which turned out to be a high pressure sales meeting. At this meeting it was implied that anyone who kept their deeded week was old fashioned and out of it. But in a curious set of circumstances, my car had a problem and the nearest place to get the warranty work done was in Jacksonville, NC. Just so happened the driver of the courtesy van had bought into the Festiva point system and had never been able to book a vacation. Needless to say, I did not buy into the point system. Why trade a fixed week and several thousand more dollars for a point system that you may never be able to use? Although it does make one wonder what is really going on with Festiva and PABII.

Some people out there don't want a view of the ocean. They would rather be looking at West Fort Macon Road. I like to know the unit I am staying in and the week I am staying in it and if it has a view of the ocean and how close it is to the beach. Is that too much to ask ?

 

[allsmiles277]

Festiva is getting lawsuit from all directions. All you have to do is google Festiva lawsuits and you will be amazed at how many states have lawsuits against Festiva. Festiva has been lying to owners for years in the "update meetings". Remember the unit they took you to with nice counter tops and all stainless appliances. Yes all the things looked great in that "show" unit while the buildings were in disrepair and not being maintained as they should have been. They were conning owners, The lawmakers in North Carolina knew for years this practice was going on and did nothing, Roy Cooper got a pitiful settlement while other states are getting millions. I can't believe he has the nerve to run for governor of this state. The bottom line is Festiva still wins even though they should be in prison. Remember the Golden Rule....He with the gold rules !!! Money talks and owners continue to get screwed.

 

[Maple_Leaf]

Governance

This mess just looks like another in a long line of examples of poor timeshare governance.

 

[allsmiles277]

This mess just looks like another in a long line of examples of poor timeshare governance.

And the reason they do it is because they CAN. Boards and HOA's don't hold them accountable. Boards at timeshare complexes should also be in prison because they have not done their job and have been negligent.

 

[Kozman]

And the reason they do it is because they CAN. Boards and HOA's don't hold them accountable. Boards at timeshare complexes should also be in prison because they have not done their job and have been negligent.

And, over time the HOA is infiltrated by the management company and the slide begins.

 

[allsmiles277]

And, over time the HOA is infiltrated by the management company and the slide begins.

Sounds like Festiva has got a LANDSLIDE going on. I know that the law provides some of these people cover to protect their rights but it still would be nice to see Timeshare Board members handcuffed and headed for jail or prison. In this country the company or persons with money can exert control over the law enforcement system. Of course that means you have to have "bad apples" in the system that will have no morals or ethics and take money under the table for looking the other way. I can only speculate how things work. I am sure I am pretty close. The management companies and boards sell their souls to the devil in some cases. I feel sure there are still honest people out there this day and time.

 

[Kozman]

I wonder what the small claims court options are in North Carolina since there doesn't appear to be any law firms stepping forward. Usually a no show will result in an automatic judgement.

 

[allsmiles277]

I wonder what the small claims court options are in North Carolina since there doesn't appear to be any law firms stepping forward. Usually a no show will result in an automatic judgement.

When I got the option to turn my Section I week back to the HOA I did it as fast as humanly possible and I was thankful for that.

 

[Mulligan101]

When I got the option to turn my Section I week back to the HOA I did it as fast as humanly possible and I was thankful for that.

If PABII owners were offered that option, I would do the same thing! The letter, from the engineering company regarding the repairs, states that these repairs should last 5-10 years, but also states they cannot accurately predict how long the repairs will last. Who wants to go through this mess again in a few years?

 

[allsmiles277]

If PABII owners were offered that option, I would do the same thing! The letter, from the engineering company regarding the repairs, states that these repairs should last 5-10 years, but also states they cannot accurately predict how long the repairs will last. Who wants to go through this mess again in a few years?

Sounds like a time bomb.

 

[Kozman]

5-10 years? Sounds like they are setting us up for a special assessment while trying to collect as much maintenance fees as possible before announcing it. When is the next election?

 

[allsmiles277]

5-10 years? Sounds like they are setting us up for a special assessment while trying to collect as much maintenance fees as possible before announcing it. When is the next election?

If that does happen there will be so many owners dumping their timeshares that that will be the last straw in the Peppertree lifetime. If the Boards, HOA and Festiva were doing their jobs why would there be a need for a special assessment. A Timehare Special Assessment is a way to say WE (Boards, HOA, Management Company) were not doing our job to protect owners. We were lining our pockets with money and really didn't give a Sh''" about the owners. In other words Special assessment = FAILURE of Boards, HOA and Management Company. The management companies have a free money source from Day 1 from timeshare owners so they can blame owners instead of themselves. Timeshare owners need better protection but you have to do that on your own. If you own several timeshares I would advise those owners to consult with a good attorney and see if there are other options besides being railroaded by Management Companies and Boards.

 

[Ty1on]

If that does happen there will be so many owners dumping their timeshares that that will be the last straw in the Peppertree lifetime. If the Boards, HOA and Festiva were doing their jobs why would there be a need for a special assessment. A Timehare Special Assessment is a way to say WE (Boards, HOA, Management Company) were not doing our job to protect owners. We were lining our pockets with money and really didn't give a Sh''" about the owners. In other words Special assessment = FAILURE of Boards, HOA and Management Company. The management companies have a free money source from Day 1 from timeshare owners so they can blame owners instead of themselves. Timeshare owners need better protection but you have to do that on your own. If you own several timeshares I would advise those owners to consult with a good attorney and see if there are other options besides being railroaded by Management Companies and Boards.

If you wanted to own the property to, say, build a brand new resort, wouldn't it be a good thing if owners started dumping their timeshares? Perhaps Festiva would even be magnanimous enough to graciously allow owners to hand their deeds over.

 

[Kozman]

If you wanted to own the property to, say, build a brand new resort, wouldn't it be a good thing if owners started dumping their timeshares? Perhaps Festiva would even be magnanimous enough to graciously allow owners to hand their deeds over.

I agree. Festiva has been after this property from day one. Turn over all your deeds and they have total vote on elections.

 

[allsmiles277]

If you wanted to own the property to, say, build a brand new resort, wouldn't it be a good thing if owners started dumping their timeshares? Perhaps Festiva would even be magnanimous enough to graciously allow owners to hand their deeds over.

That is the smartest resolution but there will be prime time summer week owners that will not be happy.

 

[Ty1on]

That is the smartest resolution but there will be prime time summer week owners that will not be happy.

If I were wanting to do something like this, I would negotiate with remaingin holdouts to strike a Win-Win. Some monetary compensation to cover the downtime, and a deed for equal accommodations and week in the new resort after completion.

Where there's a will, there's a way.

 

[allsmiles277]

If I were wanting to do something like this, I would negotiate with remaingin holdouts to strike a Win-Win. Some monetary compensation to cover the downtime, and a deed for equal accommodations and week in the new resort after completion.

Where there's a will, there's a way.

Dream on !!!!!!!

 

[Mulligan101]

Special Assessment

5-10 years? Sounds like they are setting us up for a special assessment while trying to collect as much maintenance fees as possible before announcing it. When is the next election?

Has anyone else received their letter from Board of Directors regarding the special assessment? I have just received mine. No amount was specified, but the letter, in part, states they plan to assess the owners each year in April becoming due in June, starting this year for a period of 3 years. They are still finalizing the assessment amounts.

A never ending nightmare of epic proportions! Does anyone know of any legal way to extract yourself from this situation? I had an attorney, but he did very little, using the same excuse that we have all heard before, "you know how those timeshares are, so hard to get out of". I can hardly believe that there is no possible way to end this! I am open for suggestions!