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sales type and trust fund question

matt0o

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I have seen the terms sales type and trust fund type thrown around when giving information with a particular deed. What is the relevance of these two things or what do they mean regarding my current deed and if I wish to buy additional points of resale?
 

fredmotola

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Trust fund = How (much) your maintenance fees are calculated. For instance Trust Fund E = $360 + $0.0613*#Points.
Sales Type = When your maintenance fees are billed. For Trust Fund E, Sales Type A is billed the month before your points earn date or Sales Type Y is billed in Oct regardless of your earn date(s).
 

matt0o

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Trust fund = How (much) your maintenance fees are calculated. For instance Trust Fund E = $360 + $0.0613*#Points.
Sales Type = When your maintenance fees are billed. For Trust Fund E, Sales Type A is billed the month before your points earn date or Sales Type Y is billed in Oct regardless of your earn date(s).

Thanks, that makes sense.

Is the 360 only charged once per MF cycle despite having two separate weeks? For example, looking at my last cycle MF, I have one week for 5k points and was charged 645. my second week for 3k points was 171. am I reading it right that the 360 was applied to my 1st-week charge and that covered both my weeks?
 

nuwermj

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Is the 360 only charged once per MF cycle despite having two separate weeks? For example, looking at my last cycle MF, I have one week for 5k points and was charged 645. my second week for 3k points was 171. am I reading it right that the 360 was applied to my 1st-week charge and that covered both my weeks?

Yes, the fixed fee ($360) is billed only once for all trust fund E accounts/deeds. Yes, the fixed fee was applied to you 5k account.
 

nuwermj

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I will add that Bluegreen is good about charging this fixed fee only once per membership. Even if you buy resale points in Trust Fund E, they too go into the same account as the retail points, and the fixed fee is billed only once. Other developers, Diamond Resorts and Welk Resorts specifically, put resale points into separate accounts and therefore the fixed fee is billed multiple times.
 

fredmotola

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I will add that Bluegreen is good about charging this fixed fee only once per membership. Even if you buy resale points in Trust Fund E, they too go into the same account as the retail points, and the fixed fee is billed only once. Other developers, Diamond Resorts and Welk Resorts specifically, put resale points into separate accounts and therefore the fixed fee is billed multiple times.

It is always good to check. BG is notorious for double charging the Club Dues for $139 on multiple resale purchases/contracts. Easy enough to correct, just send them an email with the details and it gets fixed in about a week and does not show up again.
 

fredmotola

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Thanks, that makes sense.

Is the 360 only charged once per MF cycle despite having two separate weeks? For example, looking at my last cycle MF, I have one week for 5k points and was charged 645. my second week for 3k points was 171. am I reading it right that the 360 was applied to my 1st-week charge and that covered both my weeks?


You are seeing this correctly. The 3K and any subsequent Trust Fund E deed only gets the per point charge. So, if you buy more Trust Fund E points on the resale market, your MF will only go up by the incremental rate, $0.0613/point.
 
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I have read through all of my documents, called BlueGreen and I still cannot figure out what Trust Fund and Sales Type I am in. How does one go about finding these out? What are the different Fund Types?

My last statement was a base rate of $360 and .0613 per point. I am billed one month before my Due Date. From this, can I say that it is Trust Fund E deed and Sales Type A.
 

Hoffymawn

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Types of sales - it turns out there is similar nonsense among salesmen lol
 
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