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[ 2012 ] Fairmont / Sunchaser / Northwynd official thread with lawsuit info!

Discussion in 'Canada Timesharing' started by htusa2002, Nov 22, 2012.

  1. Huckleberry

    Huckleberry Guest

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    I realize this has been a disaster, but losing our heads and attacking each other only serves to harm ourselves.

    Yes. Wankel, and the Northwynd (etc) organizations screwed us all over and played the system perfectly. There is a mountain of evidence around unethical and quite possibly illegal practices. It appears only Richard Gotfried seems to care about what happened outside of the people affected, and only a UCP government in Alberta will have any probability of any justice coming from this. It is unfortunate we live in such times where apathy or victim hood is stronger than a sense of fairness in society and current Government today.

    But I doubt any money will ever be recovered here from anyone who was a time share owner. It tastes like acid in my mouth to say it, but they have completely won. They have taken the mountain of our money and buried it likely overseas, and then wildly profited from the free real estate windfall. They have screwed over the timeshare owners, the investors ,and apparently even their lawyer and have made hundreds of millions of dollars for their unconscionable behaviour with zero accountability.

    If you have been paying attention, there is starting to crop up a small handful of lawsuits against Geldert in small claims court. A few people have lead the way and as it was pointed out for a few dollars you can download the lawsuit and claims. If you feel that Geldert has wronged you and caused damages to you financially or otherwise by his actions, this would seem to be an avenue for you to consider. It will be interesting to see if people are individually willing to step up for themselves and realize all the pieces resulting from hundreds of hours of work from others that is available at their fingertips. But everyone also has to realize they have to do at least some of the work themselves.

    I am personally surprised the number of lawsuits isn't currently in the hundreds or even a thousand against Geldert. But maybe everyone is still under the false hope that some shining knight will swoop in and make this all better, or perhaps most people don't feel that Geldert caused them harm with his actions.

    I would caution anyone considering this to realize there is some time sensitivity due to time limitations for initiating a lawsuit. If you are going to act, now would be a good time to get digging in. There is nothing wrong with grouping together with others who desire a similar action plan and outcome but filing individual lawsuits.

    Whatever your decision, good luck to everyone and I wish you the best. But please stop hoping for some white knight to ride in and hit the reset button. It's just simply not going to happen.

    If your last name is Wankel or Geldert, I can only say I hope you get everything that you deserve.

    - Huck
     
    dotbuhler, NoMas and Palms to pines like this.
  2. MarcieL

    MarcieL Guest

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    Perhaps many are suffering from timeshare exhaustion, and as for me i don't have any remaining $$ to launch law suits, due to a hefty invoice of nearly 40 grand, in our 70's. I think it is presumptuous on your part to state, that we are hoping for a white knight to ride in and save us, most realize that isn't going to happen. As for the hundred of hours of work put in by others, that was their choice and for their own benefit, kudos to them. Many of us have lives outside of this ongoing saga, and sadly would like to move on, for our remaining years.
     
    Jack0123 and NoMas like this.
  3. Jack0123

    Jack0123 Guest

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    We have not paid any money since 2013, except to Geldert whish was a disaster, which we all know, We are in the 5% interest group and have been speaking to Karen at Northwynd, she has asked us to make a proposal that she can take to management, I assume that the price is not up to negotiate but perhaps some kind of payment plan. Just curious if anyone else has had the same discussion with Northwynd
    Just want for this nighmare to pass, we are in our late 70ies and this is something we can afford, Jack
     
    dotbuhler likes this.
  4. Jack0123

    Jack0123 Guest

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    We are still technical owners at Fairmont, have not paid any monies since 2013, we are in the 5% Interest rate which has dropped us for about 35,000 owing down to 20,000. Have spoke to Northwynd and they was us to submit an offer to get out of this mess. Has anyone negotiated with Northwynd directly, We are attempting an offer but do not want to leave any money on the table..any advise would be appreciated.. Thanks Jack
     
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  5. servemeout

    servemeout Guest

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    Jack0123, most times the person that mentions money first, sets the negotiations. The first person to set an amount set both the minimum and the maximum depending on if you are selling or buying. Ask them to give you a settlement amount. Keep in mind that the five percent rate ruling is Only 5% per year not compounded. We did a spread sheet on what we would owe. The Fees in 2014 were $949.80 with the interest being $47.49 for the year. In 2015 MF were $1004.45 with interest being $50.23. It is not uncommon for lending institutions to accept as low as 10 -15% on the dollar. Like it or not they have done what they wanted to do, grab the land and sell it off. We still have the opinion that what we had left in lease years was worth something and it was, just not to us, only Wankel got the benefit. Hope this may help.
     
  6. truthr

    truthr Guest

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  7. truthr

    truthr Guest

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