Bluegreen Resorts deedback info - give your unwanted Bluegreen ownership back

[GrayFal]

Could i just set up a closing to sell my bluegreen timeshare to my cousin for $1 so that bluegreen will exercise their right of first refusal and buy it back from me?

You could give it a try I suppose but what if they pass on it and your cousin has to take the ownership? What's the back up plan???

 

[Traveler1210]

You could give it a try I suppose but what if they pass on it and your cousin has to take the ownership? What's the back up plan???

Thank you for replying [mention]GrayFal [/mention]

Im thinking we would just pay the title/law company for their work but not complete the transaction.

 

[GrayFal]

Thank you for replying [mention]GrayFal [/mention]

Im thinking we would just pay the title/law company for their work but not complete the transaction.

You would have to submit the transfer form online And pay the $500 fee Upfront at that time.
if you dont go thru with the transfer your account will be flagged which could make it more difficult to sell at another time.

I suggest you join these two Facebook groups and try to sell it there.
I will copy the link here for you. I have sold 8 contracts thru this group.

Selling BlueGreen Points

Hi All, Im looking to sell our blugreen points.

tugbbs.com

The whole thread

Selling BlueGreen Points

Hi All, Im looking to sell our blugreen points.

tugbbs.com

 

[TUGBrian]

Could i just set up a closing to sell my bluegreen timeshare to my cousin for $1 so that bluegreen will exercise their right of first refusal and buy it back from me?

seems that way, though the risk of course is bluegreen NOT stepping in and your friend is now the new owner of your timeshare.

 

[FrankCastle]

@FrankCastle yes, BG is taking back point contracts. You have to pay them 18 months of maintenance fees and sign/nitarize dine paperwork.

call this number
phone number: (844) 757-6932

I haven't been on here in months and had basically given up on my deed back. Thank you for your reply! I was able to call them today. It worked out, I was not within 90 days of my fees being due and paid them the funds right over the phone for the 19 months of maintenance fees. They said I would get a Docusign in a few weeks and once we sign it and send it back they will do thee same. Then we get a copy and done! Well see I hope it works. I've been trying this for the last several years with nothing but run around.

 

[GrayFal]

I haven't been on here in months and had basically given up on my deed back. Thank you for your reply! I was able to call them today. It worked out, I was not within 90 days of my fees being due and paid them the funds right over the phone for the 19 months of maintenance fees. They said I would get a Docusign in a few weeks and once we sign it and send it back they will do thee same. Then we get a copy and done! Well see I hope it works. I've been trying this for the last several years with nothing but run around.

Happy to hear this….once you pay, things should go smoothly.

 

[FrankCastle]

After 4 months (May 1st - September 1st), the deed back is complete! We received the confirmation from Sterling yesterday that Bluegreen had processed all the paperwork.

Thank you to everyone on this thread that helped me navigate this process!

Not sure if your still on here, was there any "fees attorney or otherwise" associated with the deed back? I got my paperwork an it eludes that I'd be responsible for all of that after I already paid my 18 months of fees. Just curious the certainly didn't mention any other fees. Thanks!

 

[GrayFal]

Not sure if your still on here, was there any "fees attorney or otherwise" associated with the deed back? I got my paperwork an it eludes that I'd be responsible for all of that after I already paid my 18 months of fees. Just curious the certainly didn't mention any other fees. Thanks!

If there was another fee they would say..
Usually they are up front about what you pay

 

[FrankCastle]

If there was another fee they would say..
Usually they are up front about what you pay

I appreciate it thank you. Been on hold for 7 forevers with them trying to get an answer.

 

[GrayFal]

I appreciate it thank you. Been on hold for 7 forevers with them trying to get an answer.

Your paperwork would clearly state what is required. BG Transfer fee is $500. That's it but it could be included in your 18 month MF payment.
If you want to message me, I can take a look at what they sent you and give you my thoughts.
I just filled out a transfer form online and submitted payment this morning so it is fresh on my mind.

 

[GrayFal]

@FrankCastle from looking at your post # 207 it seems they did spell it out for you. If there was going to be another fee, it would state it on the document you are signing.

I have sold 8/9 contracts in the last year - once I was at the stage where monies had been paid there was no more charges.

In my case I paid the $500 up front when I submitted the form.
That covered paperwork prep and lawyers office for transfer.

In your case you paid upfront to start the process. I would be surprised if there was an additional $500.
They already got their pound of flesh.

 

[FrankCastle]

@FrankCastle from looking at your post # 207 it seems they did spell it out for you. If there was going to be another fee, it would state it on the document you are signing.

I have sold 8/9 contracts in the last year - once I was at the stage where monies had been paid there was no more charges.

In my case I paid the $500 up front when I submitted the form.
That covered paperwork prep and lawyers office for transfer.

In your case you paid upfront to start the process. I would be surprised if there was an additional $500.
They already got their pound of flesh.

I appreciate that I will send over a PM as soon as I can. I was just worried because its so vague about it. They didn't mention anything past the 18 moths due when I spoke to them and they gave me my quote. It certainly could have been included with that. They certainly got their share from me, full purchase price for 2 TS +18 months all for free. I'm sure they can manage to cover their fees from that. Throwing good money after bad is never fun, but probably better in the end in the big picture. I am happy they finally gave me the chance to move forward.