Attention Mountain Lakes Owners: Are You Being Denied
an Exit?
I am reaching out to my fellow owners because, after 34 years of my family being part of this resort, I have hit a complete wall with the Board and Management. Like many of you, I have tried to resolve my contract issues amicably, but the office has stopped responding, and the Board refuses to address my formal requests.
Here is the situation we are all facing:
The "Perpetual" Trap: We are being told there is no exit path. I offered my deed back for free so the resort could monetize it through rentals/resale, but was told "no" because the
association needs the fees to pay "monthly payables"
.
Rising Costs vs. Original Promises: Many of us bought in under the representation that maintenance fees would never exceed $225. We are now being forced to pay far beyond that with no transparency.
Lack of Financial Transparency: When I asked for an itemized list of the annual payables that supposedly justify holding aging owners against their will, I was met with silence.
Management Failure: Simply stating the association "cannot take back deeds and operate" is a failure of strategy, not a valid reason to trap owners in unconscionable contracts.
Why this matters to YOU: If the Board is prioritizing stagnant $600 fees over a proactive strategy to refresh inventory and generate higher revenue, they may be failing their fiduciary duty to the
health of the entire Association.
Has anyone else been ignored or told "no" without a detailed explanation? I am prepared to escalate this to the State Attorney General’s Consumer Protection Division and the Real Estate
Commission or anyone who will listen for that matter. If you are experiencing similar issues with "perpetual" contracts or lack of transparency, please comment below! I want as many of you to
speak up so that I can take this to the board. They won’t come up with a resolution for one person, but if it is affecting us all, we will make a change together. It is time we demand a formal
accounting of where our money is going and a fair exit strategy for long-term owners.
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