Nottingham Village at Friar Tuck Resort Spa and Timeshare Closed December 10, 2010
Posted by Bryan Connelly in : Timeshare Resource , trackbackOn 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.”
Comments»
I am one of these lost timeshare owners. Who can I contact?
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I am one also. I would love to know what to do !
I am also a time shareowner. Was anyone ever able to get contact information?
We also are owners of shares in Friar Tuck. Please contact us with instructions on how to recoup our losses. Thank You!
I am an owner since 2003 . . . Not happy with this who can I contact ?
Stephen Gennusa are also timeshare owners at the Friar Tuck Resort. We would like to learn how we can recoup are losses.
I too am an owner since 2002. I was issued a Stock Certificate with number. It has an offical imprinted seal from the state of New York. I will be pursuing this with the Attorny General’s Office. This is awful !!
Did you ever recieve any contact. Will pursue with Attny Gen Office.
I was an owner, what should I do?
I am also an owner. Who do I contact!
Pursue this with the US Bankruptcy Court Northern District of NY
Honorable Judge Robert Littlefield
James T Foley Courthouse
445 Broadway Suite 330
Albany, NY 12207
(518)257-1661
I am an time sahre owner as well in Friar Tuck. Please provide any information regarding the filing of any documents. They issues stock certificates for the property. Where do we obtain information.
We also purchased and paid in full for our timeshare, as well as our 2010 $400 maintenance fees, since Ricki Caridi did not notify us of the pending bankruptcy. Nor were we notified that RCI had removed Nottingham Village from their program (the only reason we purchased that dumpy timeshare in the first place was its exchange program with RCI). Is there any further information? What documentation should we be forwarding to the bankruptcy court?
I am a time share owner at Friar Tuck. Please provide any information regarding rhe filing of documents. Please tell me where do I obtain information.