Bluegreen and ROFR

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

I am hearing of more and more instances of ROFR being exercised by Bluegreen. They seem to be selectively targeting large point contracts, that the seller is paying all fees for. If anyone has a legal background, would the following scenario be possible?

Selling your contract with the buyer paying all fee's, and upon sale to a non-corporate entity, a Visa gift card to the buyer equal to the costs involved?

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

I am hearing of more and more instances of ROFR being exercised by Bluegreen. They seem to be selectively targeting large point contracts, that the seller is paying all fees for. If anyone has a legal background, would the following scenario be possible?

Selling your contract with the buyer paying all fee's, and upon sale to a non-corporate entity, a Visa gift card to the buyer equal to the costs involved?

How large is large?
25K?
65K?

[rapmarks Moderator Find all posts View Profile Close rapmarks]

I heard that if the seller pays the closing cost, they are refunded, but if the buyer pays they are out the money if ROFR is used.

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

I heard that if the seller pays the closing cost, they are refunded, but if the buyer pays they are out the money if ROFR is used.

Why should that be the case?
If BG exercises their ROFR then the buyer should be refunded their closing costs since the deal was never fully executed.

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

How large is large?
25K?
65K?

25K and up?. My wife follows most of the FB groups and she has noticed an uptick in ppl reporting losing buys on ebay to ROFR. The ones she told me of seem to be all over 20-25K

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

I heard that if the seller pays the closing cost, they are refunded, but if the buyer pays they are out the money if ROFR is used.

That sounds backwards to me. ROFR usually is they can take the same deal the buyer gets. So if the seller is paying all fees, it seems they would be paying all fee's and then handing it over to BG.

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

25K and up?. My wife follows most of the FB groups and she has noticed an uptick in ppl reporting losing buys on ebay to ROFR. The ones she told me of seem to be all over 20-25K

I have seen the same person post on FB that BG took two contracts from them this month .... Purchase prices $260 and under. They have now won a third. In the 20-25 range.

Maybe the days of $1 purchase price are over.?

I have a week 51 La Cabana 11K eBay win in the closing process now. Under $100. Maybe $51 win plus $200 closing fee. Will let you know if it goes thru.

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

I have seen the same person post on FB that BG took two contracts from them this month .... Purchase prices $260 and under. They have now won a third. In the 20-25 range.

Maybe the days of $1 purchase price are over.?

I have a week 51 La Cabana 11K eBay win in the closing process now. Under $100. Maybe $51 win plus $200 closing fee. Will let you know if it goes thru.

The third one (I think) was 27K @ Seabreeze. We looked long and hard at that one, in the end, decided not to bid.

[rapmarks Moderator Find all posts View Profile Close rapmarks]

I am only stating what was posted on Facebook. they suggested paying more as a buyer, so that the owner would pay the transfer cost. Owner reimbursed, buyer not.