Can I use my Bluegreen points to pay maintenance fees?

You can use Vacation Points to pay your Bluegreen Vacation Club Dues or maintenance fees as a benefit of Premier Silver, Gold or Platinum ownership. This is a great way to cover your maintenance fee costs during a year you may not travel or use all of your Points.

Moreover, what happens if I don't pay Bluegreen maintenance fees?

Foreclosure Action Maintenance fees are part of the purchase contract. Failure to pay the maintenance fees results in the resort foreclosing on the property and selling it at auction to recover money owed. You may face a judicial or non-judicial foreclosure.

Furthermore, how much does Bluegreen points cost?

	Points Allotment	Price
	Points: 12,000	Price: $800.00 ($0.067/ea)
RedWeek Verified	Points: 15,000	Price: $4,500.00 ($0.30/ea)
	Points: 26,000	Price: $2,500.00 ($0.192/ea)
	Points: 35,000	Price: $1,250.00 ($0.036/ea)

Also to know, is there any way to get out of a Bluegreen timeshare?

Other Options to Cancel Bluegreen Timeshare Many states have a statutory rescission period. If you have just purchased the timeshare and you fall within that recession period, you may be able to cancel the entire purchase. If you've owned the timeshare for longer than 10 days, the rescission period likely has passed.

Will Bluegreen buy back my timeshare?

Most states allow timeshare owners to rescind their purchase within a few days after purchase. Most timeshares decrease in value by about 50% once purchased from a resort developer directly, so returning the timeshare to Bluegreen directly is always a better value than attempting to sell it on the resale market.

34 Related Question Answers Found

Can you walk away from a timeshare?

At worst, you will pay a timeshare exit company to do something you could easily do yourself. Some people just stop paying on their timeshares. If you do walk away, don't be surprised to see a big hit to your credit score and to start getting regular calls from collection agencies.

What happens if I stop paying my Bluegreen timeshare?

If you stop paying fees, you endanger your credit rating because you are legally obligated to pay these fees. In addition, there are other fees to pay. After the first year passed, we had to pay Bluegreen again to avoid losing our first year's points.

Are timeshares a ripoff?

The timeshare reselling industry has a few well-known scams. Some scammers will call timeshare owners and offer a buyer at a too-good-to-be-true price. Others promise to sell the timeshare for you—but they charge a fee up front.

Are any timeshares worth it?

No, the timeshare has no value, because you don't own anything in the normal sense of the word. It's not like your regular home, which likely has some equity built up. In fact, a timeshare goes down in value from the moment you sign the contract. There are much better ways to invest your hard-earned money.

What will happen if I stop paying my timeshare?

If you stop paying on your timeshare loan, you face foreclosure. Foreclosure is the process whereby the lender files to take possession of the property and sell it at auction to recover the money you owe. The judge may issue a deficiency judgment for the remaining balance due after the auction.

Can timeshare ruin your credit?

When it comes to credit, a timeshare is risk without reward. Timely payments on your timeshare won't show up on your credit report and help improve your credit history, unless your timeshare company reports to the major credit bureaus. However, a timeshare foreclosure can drive down your score.

How can I get rid of my timeshare legally?

What is the best way to get rid of my timeshare?

Contact Your Timeshare Company.
Do Your Homework to Find out Your Timeshare's Realistic Value on the Resale Market.
List Your Timeshare for Sale or Rent.
Consult an Attorney who Specializes in Timeshare Contracts.
Hang Up on Unsolicited Callers Offering a Guaranteed Exit.
Don't Bother Giving Your Timeshare to a Charity.

Do timeshares ever make sense?

Re: Do timeshares ever make sense? A timeshare contract is not a liquid asset, and are hard to sell should you need to. However, if you are 99% certain that you won't be taking vacations anywhere else for the life of the contract, it might be a fine deal.

Does Bluegreen have an exit program?

Bluegreen intends to continue its zero tolerance policy towards abusive practices by so-called “timeshare exit firms.” Timeshare exit firms' television, radio and internet ads encourage vacation owners to believe they can walk away from financial obligations by simply employing the exit firms.

Are timeshares a bad idea?

Yep. Timeshares are a bad investment, if you're looking at it from a purely financial perspective. An investment should generate income, increase in value or, in the best cases, do both. Timeshares don't do either.

How do I sell my Bluegreen points?

To begin the process of selling your Bluegreen timeshare, please give one of our Bluegreen specialists a call at (877) 624-6889. You may also fill out the form on this page and a licensed agent will phone you to answer any questions you may have.

Is Bluegreen a good timeshare?

Starting in 1986 as a small business flipping residential properties in Massachusetts, Bluegreen Vacations is a top timeshare brand that now leads the industry. With their flagship resort, MountainLoft in the Smoky Mountains of Tennessee, their entry into the timeshare world took off.

Can I cancel my Bluegreen contract?

Bluegreen Timeshare Cancellation Policy

The rescission law is available for all timeshare owners and vacation club owners. If you recently purchased a timeshare, you have the legal right to exit your contract. A typical rescission period usually lasts 3-10 days, and sometimes it can extend up to one month.

Can I get my money back from Bluegreen Vacations?

Cancellation Policy:You may cancel and request a refund at any time within thirty (30) days following the date that you purchased your vacation package, and the refund amount will be the purchase price of the vacation package less the retail value of any gift(s) and/or accommodations received.

Can you use Bluegreen points for flights?

RCI Nightly Stays — All Bluegreen owners can exchange their Points for full-week stays at resorts in the RCI network. But you don't have to book a full-week stay if you are a Traveler Plus member. * You can book online at bluegreenowner.com or call Bluegreen Travel Services at 855.645. 2215.

Is a timeshare considered a second home?

If it is a personal, vacation timeshare then yes, it is. (If it's a timeshare you rent out it's considered rental property, not a second home.)

How can I get rid of my timeshare without damaging my credit?

HOW TO DUMP YOUR TIMESHARE:

First, beg. Call your resort and make your case. Ask for their exit program.
Second, sell. You can list your timeshare for less than $100 on a site like RedWeek.com.
Third, third party. Turn to a licensed broker.
Last, last resort. Hire an attorney.