X and Y Weeks...need help

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

Has anyone heard of a partial (Friday, Saturday, or Sunday) week being
deeded and labeled as an X or Y week?

Thanks,
Mike

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

It is my understanding that the Fountains is the only resort that uses an X and Y week. Also I believe the X week is Mon. - Thur. and the Y week is Fri. - Sun. The only draw back I can see is getting a priority week.

[SoundQ SVT Junior Member Find all posts View Profile Close SoundQ SVT]

I currently own three "X" weeks at the Fountains, and they are indeed for Mon-Thur nights.

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

Have you found any restrictions with these weeks? Are MF handled the same way? Is one week more desirable then the other? Do you know why BG sells X and Y weeks.

Thank you for taking the time to answer my questions here and on the Yahoo group.

I currently own three "X" weeks at the Fountains, and they are indeed for Mon-Thur nights.

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

Have you found any restrictions with these weeks? Are MF handled the same way? Is one week more desirable then the other? Do you know why BG sells X and Y weeks.

Thank you for taking the time to answer my questions here and on the Yahoo group.

First, if you are doing due diligence for a purchase, these are some really good (vely intelesting) questions.

I would try to get information from this through BG directly if that's possible.

From what I can tell by looking in my "06" MSPOS is that those must be 6000, 7000, or 8000 point UDI weeks if they are at the Fountains. The MF's should be handled with a base amount of $290 plus $0.026 times the number of Vacation Points appurtenant to the Owner Beneficiary Rights. No different than the others within that Trust Fund (I must have too much time on my hands to read this thing).

Without reading the entire By-Laws, I don't see anything that would keep you from having the same rights to reserve your week 13 months in advance like anybody else.

My only question would be if the Fountains were to be removed from the Trust (for whatever reason), how would the ownership be handled. I'm not familiar with UDI's.

BTW, I am no expert on this so if anyone can either confirm or correct what I am posting, be my guest.

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

Yes I am doing some research for a possible purchase. The deeds are for 7000 and 6000 points. I did talk to someone at BG but they didn't know much about X and Y weeks. Why do you think they might be UDI weeks?

It is nice to learn new things about BG.

Thank you,
Mike

First, if you are doing due diligence for a purchase, these are some really good (vely intelesting) questions.

I would try to get information from this through BG directly if that's possible.

From what I can tell by looking in my "06" MSPOS is that those must be 6000, 7000, or 8000 point UDI weeks if they are at the Fountains. The MF's should be handled with a base amount of $290 plus $0.026 times the number of Vacation Points appurtenant to the Owner Beneficiary Rights. No different than the others within that Trust Fund (I must have too much time on my hands to read this thing).

Without reading the entire By-Laws, I don't see anything that would keep you from having the same rights to reserve your week 13 months in advance like anybody else.

My only question would be if the Fountains were to be removed from the Trust (for whatever reason), how would the ownership be handled. I'm not familiar with UDI's.

BTW, I am no expert on this so if anyone can either confirm or correct what I am posting, be my guest.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

They work the same. They are just deeded as partial weeks like UDI weeks at Fairfield.

[SoundQ SVT Junior Member Find all posts View Profile Close SoundQ SVT]

I was a newb when we made our purchase, so I don't have most of the answers you are asking for (mostly because I didn't know to ask the questions myself). All we paid attention to was we were buying 20,000 points at the Fountains (while we were at Harbor Lights) and these three "X" weeks were what we were assigned that got us there. We were sold on the "Points are Points" aspect (like the old chicken nugget commercial used to say... "parts is parts") and we have used them for reservations at 3 resorts so far (plus had a bonus time weekend at WC@BC).

We have not yet tried to reserve "our unit" during "our time" so I do not know if that would be an issue. The maintenance fees seemed to be in line with what I have read they should be and what the formula stated elsewhere in this thread is.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

X and Y weeks at the Fountains work just like any other week in Bluegreen. They are just deeded as partial weeks.

I often times see people with both the X and Y halves of the weeks as their ownership. In fact, I personal own some.

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

Do you know why BG sells X and Y weeks.

I imagine when the Fountains was originally conceived, the developer used it as a marketing ploy. When BG bought in, they had to follow the original deed structure set up in the founding documents.
As was pointed out in the Bluegreen Yahoo group, it does gave BG the opportunity to create a wide variety of point number packages.
Charles

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

Without reading the entire By-Laws, I don't see anything that would keep you from having the same rights to reserve your week 13 months in advance like anybody else.

Does the Fountains have a special "13 month" provision or do you mean Bluegreen's standard 12 months to reserve your partial weeks?
Charles

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

Does the Fountains have a special "13 month" provision or do you mean Bluegreen's standard 12 months to reserve your partial weeks?
Charles

I was referring to: "Specifically, each Owner Beneficiary shall have the right to reserve use of their respective Accommodation(s) and Facilities up to thirteen (13) months in advance, while other Owner Beneficiaries may not reserve use of any other Owner Beneficiary's respective Accommodations(s) and Facilities until eleven (11) months in advance. (Ref: MSPOS August 2006)

Basically, you have the right to reserve the week of your underlying deed 13 months in advance as opposed to the normal 11 months for a Full week - any season or Partial week - White or Blue seasons (for annual points).

There does seem to be a conflict here with anyone who has Gold Preferred status do to them being able to reserve 2 months before the standard reservation window. I would think that the Owner Beneficiary of that week would take priority over the preferred member if a conflict arose but I'm not sure about this.

This would seem to throw a wrench in the "Points are Points" theory if you have any interest in using your week for trading purposes.

[SoundQ SVT Junior Member Find all posts View Profile Close SoundQ SVT]

There does seem to be a conflict here with anyone who has Gold Preferred status do to them being able to reserve 2 months before the standard reservation window. I would think that the Owner Beneficiary of that week would take priority over the preferred member if a conflict arose but I'm not sure about this.

This would seem to throw a wrench in the "Points are Points" theory if you have any interest in using your week for trading purposes.

My understanding is that Gold members can be placed on a wait list at 13 months out and Silver members can get on the wait list at 12 months out. This way, when the 11 month window opens the people on the wait list get assigned available units (hopefully) in the order that they were placed on the list. Reservations are not actually made by the preferred members until that 11 month window opens.

This then prevents the conflict between the deeded owner and those that want to use points.

Or, I could be totally mistaken.......

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

My understanding is that Gold members can be placed on a wait list at 13 months out and Silver members can get on the wait list at 12 months out. This way, when the 11 month window opens the people on the wait list get assigned available units (hopefully) in the order that they were placed on the list. Reservations are not actually made by the preferred members until that 11 month window opens.

This then prevents the conflict between the deeded owner and those that want to use points.

Or, I could be totally mistaken.......

Come to think of it, I do remember reading about the wait list. This makes sense. Thanks for the input!

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Charles nailed it. The X,Y designations are primarily to give customers more options in point package sizes. The Bluegreen Vacation Club was designed to easily add and subtract points. This helps.