In 2012, the Monroe County Court of Common Pleas, in front
of the Honorable Judge Arthur Zulick, certified a lawsuit filed by the
Association as a Class Action suit. In
the Class Action suit its Board of Directors was named as Trustee to represent
all the Class members.
Said Wilkins, “What we did is get a super majority vote of
the owners, including those who were delinquent, and have the Association
members ratify that there was more value in selling the units as whole owner
units than there was in continuing as timeshare.” Wilkins further stated “An overwhelming
majority of the owners have owned for 20+ years. Some had either passed away, their children
were grown and other factors made it impossible for them to continue paying
dues.” The lawsuit stated a delinquency
rate of close to 90 percent.
Wilkins and his partners have done the converting of
timeshares in other parts of the Poconos.
In 2007, they sold the Wild Acres timeshares in Pike County in an
“auction style” sale. The Northslope II
timeshare will be sold in a similar fashion.
The Monroe County Taxing Authority will receive over
$670,000 in delinquent real estate taxes at the time of the sale. In mid-2012, RCI, the world leader in
timesharing exchange terminated their accreditation of the quartershare
timeshare program at Northslope II which in fact rendered the timeshares
worthless. The estimated value of the
intervals-, as timeshare or interval ownership, was stated to the court to be
anywhere between $100 and $300. The
units as fee simple interest are being offered to the general public at $49,900
for interior units and $52,900 for end units.
“Said Wilkins, “the sale is scheduled for February 8-9, 14-16 and 22-23;
I am estimating all the units will sell without any problem. It is a cash sale.”
Stated Joseph S. Wiesmeth, Esquire, attorney for the
Plaintiffs, “This is really a win/win/win circumstance. All of owners will be credited from the money
received from the sale and those owners who are not delinquent could receive an
estimated amount anywhere from $16,000 to $19,000. The county will win by receiving all of the
delinquent real estate taxes which is close to $700,000 and the new owners have
the ability to get a great opportunity at, what at one time was a very active
development.”
Currently, there are 76 whole-owned units at Northslope II
and when combined with the timeshare units should make it a very viable
association with approximately 125 units.
Northslope II is a combination of rental units, vacation homes and
primary homes for professional and retired persons. The development is located two minutes from
the Shawnee Ski area.
Any timeshare member who opposed the plan and distribution
of funds was given until January 3rd to file an objection. No objections were filed with the Monroe
County Court of Common Pleas. A hearing
to consider final approval of the sales plan is being held on January 21, 2014
in front of the Honorable Judge Arthur Zulick at 1:30 p.m.
For further information, about the sale, please visit www.shawneetownhome.com
call the Wilkins office at (570) 421-5409. All buyers should be registered. There is no obligation to buy if you register. Appointments on the days of the sale are
requested.
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