Comments on: Condo Conversion Courts Controversy http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/ Tue, 07 Sep 2010 18:55:29 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Mailbox 251 http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-2/#comment-1314 Mailbox 251 Thu, 18 Jun 2009 22:50:40 +0000 http://ossipeelake.org/?p=1556#comment-1314 As of close of business today, auction still on schedule for July 10th. If you go to http://jsjauctions.com/uploads/pdf/TitleCommitment.pdf you can read the details of the 7 million dollar loan that is in default, details on the numerous tax liens and at least one personal lien against the property. Very interesting reading! As of close of business today, auction still on schedule for July 10th.

If you go to http://jsjauctions.com/uploads/pdf/TitleCommitment.pdf you can read the details of the 7 million dollar loan that is in default, details on the numerous tax liens and at least one personal lien against the property.

Very interesting reading!

]]> By: BODY MAN http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-2/#comment-1302 BODY MAN Thu, 18 Jun 2009 18:45:14 +0000 http://ossipeelake.org/?p=1556#comment-1302 shure got quiet out there. shure got quiet out there.

]]> By: Watchful Eye http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-2/#comment-1296 Watchful Eye Thu, 18 Jun 2009 02:39:30 +0000 http://ossipeelake.org/?p=1556#comment-1296 All that matters is July 10th. I think everyone should just sit and wait till then. If there is a God, he/she will be with the campers. I don't even camp there anymore (personal reasons), but I still have a few selected friends. If Charlie, and "family" (cough, cough) and company do not want to try and salvage WWS with the campers, it's his loss. If WOW can get people to invest, good for you, and I hope you can, but please let sceptacle campers aware of your plan; i.e. do you have an attorney, also I think you should set up a private website specifically for this and personally interview anyone interested. By private I mean a verifiable name, address & phone before they can be accepted to the wwebsite. I still have a stake in this - my friends. All that matters is July 10th. I think everyone should just sit and wait till then. If there is a God, he/she will be with the campers. I don’t even camp there anymore (personal reasons), but I still have a few selected friends. If Charlie, and “family” (cough, cough) and
company do not want to try and salvage WWS with the campers, it’s his loss. If WOW can get people to invest, good for you, and I hope you can, but please let sceptacle campers aware of your plan; i.e. do you have an attorney, also I think you should set up a private website specifically for this and personally interview anyone interested. By private I mean a verifiable name, address & phone before they can be accepted to the wwebsite.
I still have a stake in this – my friends.

]]> By: friend of a camper http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-2/#comment-1294 friend of a camper Wed, 17 Jun 2009 23:42:29 +0000 http://ossipeelake.org/?p=1556#comment-1294 Hi again Wow, Then you would then be making the assumption that all interested parties would be able to pool together several million dollars cash? Still not sure how that would work, because I would think if people had that much cash, they would look to invest in a private property rather than get involved in what seems to be a train wreck at this point. Not sure how many people at the campground have access to $60,000 cash, let alone $20,000, which then means taking out a loan somewhere along the way. Just my opinion, but by all means, if there is a way to make it work, you should all go for it!!! Good luck. I can personally say that I will most likely be showing up the day of the auction to find out what happens. Hi again Wow,
Then you would then be making the assumption that all interested parties would be able to pool together several million dollars cash? Still not sure how that would work, because I would think if people had that much cash, they would look to invest in a private property rather than get involved in what seems to be a train wreck at this point. Not sure how many people at the campground have access to $60,000 cash, let alone $20,000, which then means taking out a loan somewhere along the way. Just my opinion, but by all means, if there is a way to make it work, you should all go for it!!! Good luck. I can personally say that I will most likely be showing up the day of the auction to find out what happens.

]]> By: WOW http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1291 WOW Wed, 17 Jun 2009 21:42:39 +0000 http://ossipeelake.org/?p=1556#comment-1291 Friend of camper, If you read the posting you will see that there would no need for a Bank to get involved in the transaction. There would be enough money to purchase the property out right without having a mortgage. There would also be no need to go through the "condo" process as we would not be selling sites, it would be set up like a condo with a Board of Directors. You would own a share in the property, at some point if you decide to sell you would be selling your share of the property. This can be done, it may cost a few thousand in Legal fees, but it can be done. I have seen this done before in other investments, it will work if we get enough people. Friend of camper,
If you read the posting you will see that there would no need for a Bank to get involved in the transaction. There would be enough money to purchase the property out right without having a mortgage. There would also be no need to go through the “condo” process as we would not be selling sites, it would be set up like a condo with a Board of Directors.
You would own a share in the property, at some point if you decide to sell you would be selling your share of the property.
This can be done, it may cost a few thousand in Legal fees, but it can be done. I have seen this done before in other investments, it will work if we get enough people.

]]> By: Friend of a Camper http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1289 Friend of a Camper Wed, 17 Jun 2009 19:32:08 +0000 http://ossipeelake.org/?p=1556#comment-1289 Dear Wow, Just wanted to say before you jump into the idea of coming together as a group to purchase the property, even at at reduced prices from the original condo prices, remember where the economy is today and that there is not one bank out there who is going to give a $3 million, or more, mortgage to a group of you. If only it was that easy. You are not going to each be able to buy a site, the property is going to need to sell as a whole to someone who is qualified to carry a note that large, and if and when that happens, that person or persons would then have to start the entire petition to the state and town all over again to sell individual sites as a condo establishment. And considering this is "commercial property" obtaining a mortgage to cover the auction cost, or out right cost is going to be almost impossible for the average joe. Somebody with deep pockets, and outstanding credit history, and probably a financial backer for collateral is who is going to have to made the purchase of this property. Your best hope at this point is that come July 10th, Auction Day, there isn't a qualified buyer who comes forward to purchase, or in another scenario, and I tend to think this is really going to be the case, the reason Charlie and partners have not communicated with any of you their plans is because they are working out a deal behind the scenes so that come Auction Day, it "appears" someone else is taking over, but in reality, it is still Charlie and crew who are in charge, with just another financial partner or backer. Regardless, all of the tenants/seasonal renters are at such an unfair disadvantage. To Nancy who posted that as renters you should not be entitled to anything, I'd like to point out that if you were renting an apartment and signed a one year lease, there are laws that protect you as a tenant from the landlord vacating you, threatening to change the terms of the agreement, etc. The seasonal campers have paid for the 2009 season, therefore are ENTITLED for the free and fair use of the grounds they rent, as stipulated by their rental agreement. And lest you forget Nancy, that while their rent may only be $3200 per season, and that may be what it cost to rent a cottage for a week (show me a "cottage" on Ossipee Lake that rents for that much??? - There are two MASSIVE houses that are for rent right now for $4000 that can house 3 large families...) but you should keep in mind that these seasonal renters are also paying for or have already invested thousands of dollars in the unit they are living and sleeping in. This is the reason for a campground on Ossipee Lake, to give those who otherwise could not afford access to the lake in any other way, this provides a cheaper alternative, and if folks can afford it, hey...all the power to them. I will again say that all of the negativity and name calling will not get anyone the answers they are longing for, but you are just as bad Nancy by calling these posters foolish, laughable, and acting immaturely. Put yourself in their shoes for one minute...think about if it were your home that you pay for each month that all of a sudden the bank stepped in and said,"Oh, by the way, I realize you are paid up for the next 4 months, but oh well, we need to foreclose on your house anyway." How would you feel if you could not get answers from anyone? You'd feel just a lousy as most of these posters do. I don't know what compels me to continue to come back to this website every day and post a comment or story, maybe it's my own fear of losing the friendships I have formed over the years with those of you who camp at WWS, maybe it's my fear of what will happen to this land if it ends up in the wrong hands, believe me, if I could, I'd let you all set up camp in my front yard, dock your boat on my beach, drive your golf carts up and down the street, and sit around a bonfire in the back yard with a drink in hand and a yummy marshmallow on a stick for toasting. I don't know...let's just hope for the best guys. Dear Wow,
Just wanted to say before you jump into the idea of coming together as a group to purchase the property, even at at reduced prices from the original condo prices, remember where the economy is today and that there is not one bank out there who is going to give a $3 million, or more, mortgage to a group of you. If only it was that easy. You are not going to each be able to buy a site, the property is going to need to sell as a whole to someone who is qualified to carry a note that large, and if and when that happens, that person or persons would then have to start the entire petition to the state and town all over again to sell individual sites as a condo establishment. And considering this is “commercial property” obtaining a mortgage to cover the auction cost, or out right cost is going to be almost impossible for the average joe. Somebody with deep pockets, and outstanding credit history, and probably a financial backer for collateral is who is going to have to made the purchase of this property. Your best hope at this point is that come July 10th, Auction Day, there isn’t a qualified buyer who comes forward to purchase, or in another scenario, and I tend to think this is really going to be the case, the reason Charlie and partners have not communicated with any of you their plans is because they are working out a deal behind the scenes so that come Auction Day, it “appears” someone else is taking over, but in reality, it is still Charlie and crew who are in charge, with just another financial partner or backer. Regardless, all of the tenants/seasonal renters are at such an unfair disadvantage. To Nancy who posted that as renters you should not be entitled to anything, I’d like to point out that if you were renting an apartment and signed a one year lease, there are laws that protect you as a tenant from the landlord vacating you, threatening to change the terms of the agreement, etc. The seasonal campers have paid for the 2009 season, therefore are ENTITLED for the free and fair use of the grounds they rent, as stipulated by their rental agreement. And lest you forget Nancy, that while their rent may only be $3200 per season, and that may be what it cost to rent a cottage for a week (show me a “cottage” on Ossipee Lake that rents for that much??? – There are two MASSIVE houses that are for rent right now for $4000 that can house 3 large families…) but you should keep in mind that these seasonal renters are also paying for or have already invested thousands of dollars in the unit they are living and sleeping in. This is the reason for a campground on Ossipee Lake, to give those who otherwise could not afford access to the lake in any other way, this provides a cheaper alternative, and if folks can afford it, hey…all the power to them. I will again say that all of the negativity and name calling will not get anyone the answers they are longing for, but you are just as bad Nancy by calling these posters foolish, laughable, and acting immaturely. Put yourself in their shoes for one minute…think about if it were your home that you pay for each month that all of a sudden the bank stepped in and said,”Oh, by the way, I realize you are paid up for the next 4 months, but oh well, we need to foreclose on your house anyway.” How would you feel if you could not get answers from anyone? You’d feel just a lousy as most of these posters do.

I don’t know what compels me to continue to come back to this website every day and post a comment or story, maybe it’s my own fear of losing the friendships I have formed over the years with those of you who camp at WWS, maybe it’s my fear of what will happen to this land if it ends up in the wrong hands, believe me, if I could, I’d let you all set up camp in my front yard, dock your boat on my beach, drive your golf carts up and down the street, and sit around a bonfire in the back yard with a drink in hand and a yummy marshmallow on a stick for toasting. I don’t know…let’s just hope for the best guys.

]]> By: WOW http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1287 WOW Wed, 17 Jun 2009 16:40:25 +0000 http://ossipeelake.org/?p=1556#comment-1287 Reply to the email below if interested in being an owner, don't miss you opportunity as of 1100pm last night there were 20 people in. The number is growing, this can be done we need more people. OPPORTUNITY KNOCKS!!!!! If all the campers got togehter we could purchase the property at a fraction of what the condo prices that were offered to us. Do the math, if you could buy your water site for say 60K, lagoon sites for 40K and wooded sites for 25K would you buy it? The people intersted in spending the money would be owners of the campground, those who opted not to invest would continue to pay a seasonal fee which would pay for the taxes etc. If 20 people on the water invested it would generate 1.2 million If 20 lagoon people invested it would generate 800,000 If only 100 people with wooded sites invested in would generate 2.5 million That is over 4 million dollars, should be enough to buy it. If the 140 people put up 357.00 that would cover the 50K to be able to bid at the auction. Depending on what the sale price is everyone would have to put up an additional 10% of the selling price that have to be paid within 10 days after the auction. The final payment would be withing 45 days after that. The 140 people would be owners of the park, we would put together a Board of Directors. You would basically own your site and not pay a seasonal fee. Everyone would pay a yearly fee, maybe 500.00 to put in an escrow for repairs, improvements. etc Remember the remaining 110? sites would continue to pay seasonal fees, depending on what their seasonal fee is would generate between 350-400K a year. This does not include winter camping, income from the store, gas or dock rentals. Just a thought for those 53% who were in favor of buying a mailbox, this would cost you less than half the price, no more seasonal fees and you would be an owner. lets do it, lets take a head count I am in.,so do you want to keep count or do you want me 2.people can email me at yfatboy69@yahoo.com only if they want to do it , if they dont then no need to email me.do you think thats a good idea.let me know.THAT WAY CHARLIES POSSE WONT KNOW WHAT THE TOTAL IS CAUSE IT WILL BE IN MY EMAIL AND N.OT HERE Reply to the email below if interested in being an owner, don’t miss you opportunity as of 1100pm last night there were 20 people in. The number is growing, this can be done we need more people. OPPORTUNITY KNOCKS!!!!!

If all the campers got togehter we could purchase the property at a fraction of what the condo prices that were offered to us.
Do the math, if you could buy your water site for say 60K, lagoon sites for 40K and wooded sites for 25K would you buy it? The people intersted in spending the money would be owners of the campground, those who opted not to invest would continue to pay a seasonal fee which would pay for the taxes etc.

If 20 people on the water invested it would generate 1.2 million

If 20 lagoon people invested it would generate 800,000

If only 100 people with wooded sites invested in would generate 2.5 million
That is over 4 million dollars, should be enough to buy it.

If the 140 people put up 357.00 that would cover the 50K to be able to bid at the auction.

Depending on what the sale price is everyone would have to put up an additional 10% of the selling price that have to be paid within 10 days after the auction.

The final payment would be withing 45 days after that.

The 140 people would be owners of the park, we would put together a Board of Directors.

You would basically own your site and not pay a seasonal fee.

Everyone would pay a yearly fee, maybe 500.00 to put in an escrow for repairs, improvements.
etc
Remember the remaining 110? sites would continue to pay seasonal fees, depending on what their seasonal fee is would generate between 350-400K a year. This does not include winter camping, income from the store, gas or dock rentals.

Just a thought for those 53% who were in favor of buying a mailbox, this would cost you less than half the price, no more seasonal fees and you would be an owner.

lets do it, lets take a head count I am in.,so do you want to keep count or do you want me 2.people can email me at yfatboy69@yahoo.com only if they want to do it , if they dont then no need to email me.do you think thats a good idea.let me know.THAT WAY CHARLIES POSSE WONT KNOW WHAT THE TOTAL IS CAUSE IT WILL BE IN MY EMAIL AND N.OT HERE

]]> By: Watchful Eye http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1286 Watchful Eye Wed, 17 Jun 2009 16:29:49 +0000 http://ossipeelake.org/?p=1556#comment-1286 Hey Nora - to you and yours: Do the right thing for a change, instead of trying to defend your negative actions and words. Hey Nora – to you and yours: Do the right thing for a change, instead of trying to defend your negative actions and words.

]]> By: iscreamyouscream http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1285 iscreamyouscream Wed, 17 Jun 2009 15:25:33 +0000 http://ossipeelake.org/?p=1556#comment-1285 I just needed to point out that there is a huge difference between buying and ice cream and handing over $3,000.00 - $8,5000 a year. Yes we are only consumers, consumers that trusted the owner to put there money where it belongs, "PAYING THE CORRECT BILLS". If THAT was done in the first place there would be none of this going on. Yes we only rent these places, we are well aware that we do not own the land they sit on and you are now well aware that NOBODY ever wanted to own (a mailbox!) We CHOSE to put rooms on our trailers, plant flowers redo our fire pits, put up decorative fences, add pea stone to our sites (all profit for Charlie) buy wood from the wood guy (more profit for Charlie) bring guests up and pay for them to stay there (more profit for Charlie), fill up our boats at the Marina (there are other gas stations on the lake) again more profit for Charlie. By doing these things and making our places "feel" like our summer homes, we not only added the value to them, but added to the value of WWS, by keeping them clean we helped sell more seasonals through the years, once again more profit for Charlie! We chose to trust this man and it's truly a far cry from trusting that your going to get served the wrong flavor of ice cream! I have a hard time believing that anyone out there can actually bash us campers for coming into a campground, that we do pay alot of money for, no it's definately not a mortgage, but it's still alot of money any way you look at it. Money that right now looks to have only benefited your friend. The quick rush to turn condo, followed by a foreclosure notice has raised many concerns. Were the owners trying to make a quick buck before the foreclosure happened? This has still not been answered and only raises more suspicions. No Charlie is not going to come on this website and give out information, but he does have our email addresses and phone numbers and they have there own website that information could be posted on, it seemed real easy to have three pieces of paper ready to hand out opening weekend, why not hand out a paper explaing the situation at hand. The LACK of communication is just unbelievable. I'm sure he does not feel like he owes us anything because we do not own, but if it was not for us campers through the years, paying our bills that were due, Charlie would not have been able to buy his new beautiful million dollar home or the escalades his family drives. A little compassion here for the people who have chosen to pay there bills and only trust someone to do the same! I just needed to point out that there is a huge difference between buying and ice cream and handing over $3,000.00 – $8,5000 a year. Yes we are only consumers, consumers that trusted the owner to put there money where it belongs, “PAYING THE CORRECT BILLS”. If THAT was done in the first place there would be none of this going on. Yes we only rent these places, we are well aware that we do not own the land they sit on and you are now well aware that NOBODY ever wanted to own (a mailbox!) We CHOSE to put rooms on our trailers, plant flowers redo our fire pits, put up decorative fences, add pea stone to our sites (all profit for Charlie) buy wood from the wood guy (more profit for Charlie) bring guests up and pay for them to stay there (more profit for Charlie), fill up our boats at the Marina (there are other gas stations on the lake) again more profit for Charlie. By doing these things and making our places “feel” like our summer homes, we not only added the value to them, but added to the value of WWS, by keeping them clean we helped sell more seasonals through the years, once again more profit for Charlie!

We chose to trust this man and it’s truly a far cry from trusting that your going to get served the wrong flavor of ice cream! I have a hard time believing that anyone out there can actually bash us campers for coming into a campground, that we do pay alot of money for, no it’s definately not a mortgage, but it’s still alot of money any way you look at it. Money that right now looks to have only benefited your friend.

The quick rush to turn condo, followed by a foreclosure notice has raised many concerns. Were the owners trying to make a quick buck before the foreclosure happened? This has still not been answered and only raises more suspicions. No Charlie is not going to come on this website and give out information, but he does have our email addresses and phone numbers and they have there own website that information could be posted on, it seemed real easy to have three pieces of paper ready to hand out opening weekend, why not hand out a paper explaing the situation at hand. The LACK of communication is just unbelievable.

I’m sure he does not feel like he owes us anything because we do not own, but if it was not for us campers through the years, paying our bills that were due, Charlie would not have been able to buy his new beautiful million dollar home or the escalades his family drives. A little compassion here for the people who have chosen to pay there bills and only trust someone to do the same!

]]> By: Cheryl http://ossipeelake.org/news/2009/06/14/condo-conversion-courts-controversy/comment-page-1/#comment-1284 Cheryl Wed, 17 Jun 2009 14:45:34 +0000 http://ossipeelake.org/?p=1556#comment-1284 Why doesn't one of you in the forum set up a meeting of all campers next weekend in the main building and invite the owners to join? You can spread the word here and through the email list. If the owner joins you, you can ask questions. If he doesn't, you will be able to discuss strategies for the possibility that the auction takes place and there's a new owner. Why doesn’t one of you in the forum set up a meeting of all campers next weekend in the main building and invite the owners to join? You can spread the word here and through the email list. If the owner joins you, you can ask questions. If he doesn’t, you will be able to discuss strategies for the possibility that the auction takes place and there’s a new owner.

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