BOSTON -- "That's the unit that I bought here, unit 6," said Tom Corbin.

Watch Report

Nearly two years ago, in May 2006, Corbin paid $16,000 for a timeshare at Navigator Beach Club in Dennisport. He had planned to spend one week every June on the Cape.

"It's very frustrating because I was told this was supposed to be completed in September 2006," Corbin said.

Steve Bodack paid $4,300 for a timeshare at Navigator Beach Club. Though no one has spent a single night in the building, Steve received a $239 bill last year for maintenance.

"You know, it was going to be very nice, an indoor pool, big sauna Jacuzzi-type thing by the water. They have all our money and we have absolutely nothing," said Bodack.

Nothing, because the Navigator Beach Club timeshare never materialized. Team 5 Investigates has discovered that the developer, Robert Reposa of Hingham, took thousands of dollars from people but never finished the project.

Team 5 Investigates first reported on Reposa's empty promises to consumers last month. He sold timeshares at Beachside Village in Falmouth but failed to pay utility or property tax bills, or give owners their share of rental money. In some cases, Reposa failed to register deeds.

At Navigator Beach Club, it’s even worse because the project isn't finished and Reposa stopped paying his $2.2 million mortgage. The bank was set to auction off the property Wednesday morning, but late Tuesday agreed to give Reposa two weeks to find a buyer.

Ernie Morin, another victim, said, "We're out the $4,500. We've got nothing to show for it."

"They bought something that doesn't exist," said Kathleen O'Donnell, a property law expert with the Massachusetts Bar Association.

Timeshare law in Massachusetts clearly states that developers must form entities and file deeds. Reposa said he filed the necessary paperwork, but Team 5 Investigates could find no records to prove his assertion. Nor could the Barnstable County register, or a title examiner, or O’Donnell, all of whom did records searches.

"There isn't anything on record. There's no entity on record to sell the timeshares," said O'Donnell. And if it's not on record with the state, she said, "It doesn't exist."

Reposa was unavailable for an on-camera interview but in a telephone conversation denied selling Navigator Beach Club timeshares illegally. He confirmed he is working with the bank, trying to find a buyer or investor, and said he looks forward to completing the project.

But as Team 5 Investigates has reported, Reposa has significant financial problems. He still owes more than a half-million dollars in unpaid state and federal taxes.

"I'm hoping that the Attorney General's office will step in now and help us," said Morin.

Team 5 Investigates obtained records that show the attorney general's office has received at least 19 complaints about the Navigator Beach Club. Some date back to 2006, but to date, the attorney general has declined to step in.

"Anybody who buys that as far as I'm concerned right now, has got to be out of their mind,” said Bodack. “Because there are so many liens and everything else against this, all right? And I'll be there Wednesday to make sure they know that --- OK?" said Bodack.