| Timeshare Battle Rages |
|
|
|
| Written by OJ Fagbire | |
|
For now, timeshare Camelot owners have their condominiums back. Or do they? Six months ago it was alleged the locks on their units were “glued” shut. Luke investments brought 24 waterfront units. The county had seized them due to unpaid taxes. This battle has been going on since December over who has ownership of the building. A lawsuit was filed challenging the tax sale. Apparently the 900 timeshare owners knew nothing about it. Only the condo association board had been notified. The county owned up and the sale was ruled invalid. Circuit Court Judge Mark Shames ordered the property to be returned back to the timeshare owners. He officially revoked the sale. Luke Investments wanted the decision to be “stayed” so they can appeal. Last week in another hearing they changed their minds and agreed for the timeshares to be returned. Lee Rightmyer the attorney representing the owners said.“ The Judge agreed with us - the owners won, Luke Investments lost.” The legal battle between these two is not over yet. Luke Investments paid $2 million for the Camelot. They have now gone ahead and appealed the Judges decision to the 2nd District Court of appeal. Lynn Kassotis, the vice president of Luke Investments said, “we will take it all the way to the Florida Supreme Court if we have to.” It has been predicted that this could take up to four years to reach a settlement. The $2 million dollars that purchased the building is presently being held by the court. Meanwhile life goes on. The owners of the Camelot have hired a management company to get the building up and running. They are finding all kinds of things at the Camelot and they are not happy. Door locks filled with super glue. A drained swimming pool with some water left in it that smells like sewage. Even the pool liner is damaged. Some units have had the air conditioning turned up high. Causing mildew to form. Fridges with food in have been turned off. “The stench is so thick you had to cut it”, sais Dennis DiTinno, chief executive officer of the Liberte Management group. They were hired by the owners to get things moving again.
|
| < Prev | Next > |
|---|