Fall Creek Condo Bank Improvement

[bigredbirdfan]

Please state which code you are referring to?

Do you have previous knowlege of how close they were to waters edge upon issuance of the building permit?

Please do not throw out unsubstantiated claims without a way to back them up.

For many years Bransons Plan approval didn't involve International Building Code compliance.

There aren't building codes for backfill material. When it washed out under the foundation the material under slab was black dirt. Not compacted Fill.

Plus no retaining wall like the Landing Has.

How close were they to the shoreline? Evidently a little too close because the darn thing just about went in the drink.

Bad design, poor fill materials and no protection of your investment via retention system.

Looks like the developer just thought the water would never get that high to flood the units which is probably true.

Someone failed the poor souls left with this mess. And they shouldn't have to fork out money now that the developer or contractor skimped on to begin with.

[rainbow]

The units on that end of the Fall Creek complex are time shares so their the owners covenants will govern the situation. I had a condo near the creek facing the lake and when the back decks were condemned, due to using untreated lumber, the owners had to pay a special assessment and corner units paid double if the had the big deck like mine. There have been other law suits in that complex against the developer and nothing ever happened even though they knew the decks were of poor material quality. Condo's are a gamble if there is a problem but so is a subdivision if there is a homeowners association to deal with the common areas. All for one and one for all they say. That's why you read all the fine print when doing real estate deals.

[MOFish]

We are 'owners' (what a misnomer that is) there, and it's nice to see them working on this. Don't know enough about the repair design or specifications to know if it's the right approach or not. I'm hoping they'll dump topsoil over those big rocks and plant cover and trees along the bank above the high water line so it isn't much of an eyesore for long. Over time the riprap will be covered over with silt and soil anyway, and there will be some natural brush that takes root in it.

We did get hit with a special assessment before the new year, and I believe that insurance is covering some portion of the cost. I'll have to go back through our papers to see if the company spells out the financing for this. Diamond Resorts seems to have a better business model that either Sunterra or the company who owned it prior to that.

[tippett7]

If you plan on sueing a timeshare company expect a long wait in line. I'm pretty sure they have a lot more money for attorneys than the general joe out there.

I have heard of so many people that are going to sue the developer and yet they never have ever won. It is a noble thought, but very unlikely you would win.

[bigredbirdfan]

If you plan on sueing a timeshare company expect a long wait in line. I'm pretty sure they have a lot more money for attorneys than the general joe out there.

I have heard of so many people that are going to sue the developer and yet they never have ever won. It is a noble thought, but very unlikely you would win.

I'm sure after they sell all of the develpment (ie all units) they dissolve the corporation or LLC anyway and there is probably nothing to sue. Quality designs, materials, and contractors are priceless. You get "a deal of a lifetime" on a new unit and there is a reason why you got such a deal.

BTW I heard you can't sell a time share anymore. My friend was working for a very big one on Table Rock and these puppies were packaged up and sold just like mortages and guess how many banks want to buy them now.

[DoveTail]

It wasn't in Brason, but I listened to a sales pitch for a time share just to hear what they were saying. Kind of funny, or I guess they are just trying to make a buck. The first price is high until this particular presentation realized I may not be buying, so then they reduce the price.

This is after all the money I was told I would make on my investment and how I could sell it. The new offer was a "time share" someone else was trying to sell and it was $20,000 less in price than the new share they were trying to sell me! Hmmm?

So I ask the question - if I'm going to make so much money, how can you sell a time share to me now for $20,000 less than the first offer from a person that needs to sell their unit? I would think the 2nd hand unit they were trying to sell would be the same price plus some profit??? I wonder what they are selling for now?

[tippett7]

I sell tiemsahres for a living on ebay and I can tell you that you will never get what you paid for your timeshare if you sell it. The average sales price for any timeshare no matter where it is is about $400.

[DoveTail]

I sell tiemsahres for a living on ebay and I can tell you that you will never get what you paid for your timeshare if you sell it. The average sales price for any timeshare no matter where it is is about $400.

That's what I heard, I had no plans on buying one but these guys were trying to sell one for $60,000! Then they mark it down to $40,000...

They wouldn't answer questions on how to sell one if I wanted to sell. Again, I had no intention of buying one, but there were a lot of unanswered questions but pressure to buy.

[MOFish]

I wouldn't recommend buying one either. While we really have gotten good use out of ours (trips to Hawaii, Gatlinburg, Williamsburg, etc.) and have hosted friends and family for vacations in Branson, it was by far the dumbest financial decision we ever made. We knew up front we would never be able to sell it off and recoup even a portion of our money, but what we didn't count on were the annual maintenance fees and the near constant barrage of appeals to upgrade (buy more time/points, pay more in fees). But we were young, making good money and swallowed hook line and sinker.

With that admission of mea culpa out of the way, we do enjoy staying at the Suites at Fall Creek and can't really complain about dirty dingy units like we've seen elsewhere. They do try to maintain the property.

We'll probably keep ours a few more years, and then just hand the contracts back to the company and walk away. They'll find some other schmuck to buy it and repeat the whole thing all over again.

[DoveTail]

I've always wondered, if you want a "vacation", then why not just rent the condo or property you want and walk away. One of the selling points they used on the time share is all the vacations you can take and rent your property out...

My thoughts are, why not just be a renter instead of an owner?

Any way, they are popular so hope people enjoy what they have.