Bluegreen Trust Fund E Sale Types

[Bigmama Junior Member Find all posts View Profile Close Bigmama]

Does any one have any experience with combining points that are trust fund E but have different sale types? My maintenance fees are due in November and I am looking at another points package that is due in a different month. Will I still be charged only 1 $320 base fee? How does this work? Any problems?

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

I just did this, and we are only paying the 320 once. It looks like they combined the billing to the Nov date. (My original points were due in Nov, and my new points in Sept)

[Bigmama Junior Member Find all posts View Profile Close Bigmama]

That's good. Thank you

[smithiekid Member Find all posts View Profile Close smithiekid]

the billing of mf depends on the sales type if both packages are Y then the mf will be due by Nov 15 even if the points land in your account on different months.

If the sales type is A then that will appear at the aniversary date not 100% sure if both packages are A if you will get the mf combined into 1 payment, if you do get 2 mf bills please make sure that you do only pay 1 base fee of $320, since no matter how many accounts you have in Trust Fund E you only pay 1 base fee of $320

[gandalf252002 Senior Member Find all posts View Profile Close gandalf252002]

Are you a status member with originally qualifying points and did that potentially make a difference or were they all resale. I am looking at some points that are Trust Fund E / Sales Type A. All the points I have now are Trust Fund E / Sales Type Y. When completing the closing I am wondering if I should ask them to keep this as a separate account as I do not want it screwed or am I safe combining them.

I just did this, and we are only paying the 320 once. It looks like they combined the billing to the Nov date. (My original points were due in Nov, and my new points in Sept)

[chriskre Super Moderator Find all posts View Profile Close chriskre]

Are you a status member with originally qualifying points and did that potentially make a difference or were they all resale. I am looking at some points that are Trust Fund E / Sales Type A. All the points I have now are Trust Fund E / Sales Type Y. When completing the closing I am wondering if I should ask them to keep this as a separate account as I do not want it screwed or am I safe combining them.

You're buying more timeshares?

[gandalf252002 Senior Member Find all posts View Profile Close gandalf252002]

It's an addiction!

I wasn't planning on it, however there is a need for a particular purpose and a change in circumstances that requires it. Will benefit me long term.

You're buying more timeshares?

[chriskre Super Moderator Find all posts View Profile Close chriskre]

It's an addiction!

I wasn't planning on it, however there is a need for a particular purpose and a change in circumstances that requires it. Will benefit me long term.

Amazing how we can justify all these ownerships.

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

Are you a status member with originally qualifying points and did that potentially make a difference or were they all resale. I am looking at some points that are Trust Fund E / Sales Type A. All the points I have now are Trust Fund E / Sales Type Y. When completing the closing I am wondering if I should ask them to keep this as a separate account as I do not want it screwed or am I safe combining them.

I just sent you info in an email that I received…..see page 2. I was trying to copy and paste it here but could not because it is a pdf.

It discusses Sales Type Y and then describes ALL the other Sales types but does not address the Trust Fund.

From what I have read on the Yahoo Group, trust fund has to do with WHEN the contract is initiated….there is a new Trust Fund that has been created and is in the Multi…blah blah blah that Charles is always referencing and once BG starts to sell that, all future sales from the developer will be in that new trust….the feeling is that will not happen for a while.

Trust Fund E regardless of sales type has the $330 base + $0.0503 per point fee
Sales Type Y bills maint fee in October due November 15
Sales Type A bills maint fee 30 days prior to point earn date and fees are due the first day of the following month.

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

Are you a status member with originally qualifying points and did that potentially make a difference or were they all resale. I am looking at some points that are Trust Fund E / Sales Type A. All the points I have now are Trust Fund E / Sales Type Y. When completing the closing I am wondering if I should ask them to keep this as a separate account as I do not want it screwed or am I safe combining them.

Yes, my original contract, and second contract were developer points (11K total). They are awarded in May. My third contract is 10K odd years awarded in Sept, and my 4th contract is 20K even, awarded in June. I pay 1 base fee, and then the .052 (?) cents per point in Nov.

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

Yes, my original contract, and second contract were developer points (11K total). They are awarded in May. My third contract is 10K odd years awarded in Sept, and my 4th contract is 20K even, awarded in June. I pay 1 base fee, and then the .052 (?) cents per point in Nov.

I have a similar situation - develop points awarded June 1 then a resale contract with a December 1 date and another with a Jan 1 date.

The advantage of this is that you can prepay fees to borrow points as they become eligible - I pre-pay the Dec/Jan points in early Janauary to borrow and the June points in early June/July to borrow - when November comes around, I have already paid the fees….