Trust Fund B,D & E - maint.fee question

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

just joined the yahoo group and started to read.

First thing I came across was "Trust Fund B, D, E" and different Maint. fees associated with each trust.
E seems to be the lowest.....

How do you know which trust you are buying into when you purchase a resale contract?
Or am I misinterpreting this info - do all BGVC memberships have the same per point MF (minus the $310 Trust E and $129 club fee)?

[Holly Senior Member Find all posts View Profile Close Holly]

Pat, you need to get Jim to help you buy a resale if you are thinking of buying Bluegreen. Also, you need to make sure that what you buy is in Trust Fund E...with E, the more points you buy the lower your maintenance is per point. Also, if bonus time and preferred benefits are important (I think that they are), then Jim is a resale agent for Pinnacle...the only place where you can get resale Bluegreen points that come with preferred benefits and bonus time.

Jim can sell non qualified points (do not come with benefits), just as cheap as you can get them on Ebay but he can watch out for you and make sure that what you end up with is in the right trust fund.

I'm happy to talk to you about this...I think that BG is fantastic. Just PM me and I will give you a call.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Pat, you need to get Jim to help you buy a resale if you are thinking of buying Bluegreen. Also, you need to make sure that what you buy is in Trust Fund E...with E, the more points you buy the lower your maintenance is per point. Also, if bonus time and preferred benefits are important (I think that they are), then Jim is a resale agent for Pinnacle...the only place where you can get resale Bluegreen points that come with preferred benefits and bonus time.

Jim can sell non qualified points (do not come with benefits), just as cheap as you can get them on Ebay but he can watch out for you and make sure that what you end up with is in the right trust fund.

I'm happy to talk to you about this...I think that BG is fantastic. Just PM me and I will give you a call.

Thanks Holly, I am working with Jim....it is as I read, I see things and want to ask questions.
I just joined the Yahoo group today and saw this in the database.

I will PM you - thanks for the offer. I do recall that you were happy with your ownership.

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

First thing I came across was "Trust Fund B, D, E" and different Maint. fees associated with each trust.
E seems to be the lowest..... How do you know which trust you are buying into when you purchase a resale contract?
Or am I misinterpreting this info - do all BGVC memberships have the same per point MF (minus the $310 Trust E and $129 club fee)?

1. There is only one Trust but several Trust Funds. The Trust Fund is determined by when the unit/week was sold by Bluegreen. Right now it is in Trust Fund E. Resales may be in Trust Funds A, B, C, D, or E. If you are accumulating points , be sure that they are in Trust Fund E (As you have already determined).

2. Don't call BG to find out which Trust Fund you are in. They either won't know or won't even know what you are talking about.

3. You can determine the Trust Fund in two ways. First, if you know exactly what the maintenance fees were for a given year (have the seller FAX you a copy of the detailed bill) and see what matches what you found in the spread sheet. (A and C are not in the spread sheet since they are essentially pass throughs of what the resort charges). Second, work with Jim. He will make sure that you know which Trust Fund a purchase would be in. His small fee can save one a lot of money in the long run. (Other brokers, dealers, etc., who are not intimately familiar with BG either won't know about different Trust Funds or won't know how to determine it.)

4. Note to others. If you are buying only a total of 8-10,000 points in your lifetime, then you do not want to be in Trust Fund E. Smaller number of points is favored by other Trust Funds. A word of caution. After enjoying a few years of 8-10,000 points, you will want more.

Charles

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Thanks Holly, I am working with Jim....it is as I read, I see things and want to ask questions.
I just joined the Yahoo group today and saw this in the database.

I will PM you - thanks for the offer. I do recall that you were happy with your ownership.

Thank you so much for your call - you are a BGVC encyclopedia!

1. There is only one Trust but several Trust Funds. The Trust Fund is determined by when the unit/week was sold by Bluegreen. Right now it is in Trust Fund E. Resales may be in Trust Funds A, B, C, D, or E. If you are accumulating points , be sure that they are in Trust Fund E (As you have already determined).

I understand this now

2. Don't call BG to find out which Trust Fund you are in. They either won't know or won't even know what you are talking about.

I would not consider calling and yes, I realize I can get the answers I need here from the experts.

3. You can determine the Trust Fund in two ways. First, if you know exactly what the maintenance fees were for a given year (have the seller FAX you a copy of the detailed bill) and see what matches what you found in the spread sheet. (A and C are not in the spread sheet since they are essentially pass thoughts of what the resort charges). Second, work with Jim. He will make sure that you know which Trust Fund a purchase would be in. His small fee can save one a lot of money in the long run. (Other brokers, dealers, etc., who are not intimately familiar with BG either won't know about different Trust Funds or won't know how to determine it.)

Yes, I am working with Jim, I understand the importance of this.

4. Note to others. If you are buying only a total of 8-10,000 points in your lifetime, then you do not want to be in Trust Fund E. Smaller number of points is favored by other Trust Funds. A word of caution. After enjoying a few years of 8-10,000 points, you will want more.

It is easy to see why.

Charles

Thank you Charles, I have joined the Yahoo Group and have read your well put togther FAQs.....
Just like to get my ducks in a row before I buy.

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

2. Don't call BG to find out which Trust Fund you are in. They either won't know or won't even know what you are talking about. I would not consider calling and yes, I realize I can get the answers I need here from the experts.

One would think that would be an obvious question people might ask and that they would know the answer. However, Corporate BG just does not use "Trust Funds" as part of their information.

Thank you Charles, I have joined the Yahoo Group and have read your well put togther FAQs..... Just like to get my ducks in a row before I buy.

I just wish more people would research major purchases before buying rather than complaining afterward. Fortunately it does work out well for most people.

Charles

[Holly Senior Member Find all posts View Profile Close Holly]

No worries, Pat. I learned it all here!

What everyone says is so true...the Bluegreen people mean well...I've found most of them to be lovely. However, the place to find out what you need to know is here....most of the people working there have no idea.

That's a universal timeshare law I think!