Nottingham Village at Friar Tuck Resort Spa and Timeshare Closed December 10, 2010
Posted by Bryan Connelly in : Timeshare Resource , 15commentsOn September 7, 2010 both the Nottingham Village and Buckingham Village vacation resorts were gated from those who had timeshare interest in the resorts. In the throes of Bankruptcy proceedings, The Friar Tuck Inn of the Catskills has been officially closed. The price of those shares often cost $8,000 or more. Some owners have invested a significant amount of money in these shares, while continuing to pay hundreds of dollars in annual maintenance fees.
Mark Ehrlish, a court-appointed trustee has been placed in charge of handling the bankruptcy sale. “The resort is closed,” he said. “I don’t know when it will be re-opened.” The judge has made it very clear that all the timeshare are closed. And while many owners are concerned about the future of their ownerships, it would seem that Friar Tuck is unable to locate any of it owners.
According to a recent bankruptcy court filing, there were 3,498 “alternative year ownership interests” in the timeshares. Ehrlich maintains that a full list of timeshare owners’ names and addressed could not be found—leaving the exact number of owners unknown. When asked how letters were being sent out to timeshare owners, he said that he did not know and only had a list of about 40 owners.
Ehrlich said that just days before the September bankruptcy filing, a fire allegedly took place in the Friar Tuck business office, where many of those documents may have been kept. Many of those shares continue to be unaccounted for. It is unknown how the fire was caused or what exactly was lost in it. No county emergency service records regarding the incident have been released.
Contrary to the belief of many buyers of the timeshare, no deeds were issued indicating property ownership. “Many things that were told are not true,” Ehrlich said. “I don’t believe the shares were even really issued.”