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I have to admit I'm nervous, Jim... My concern and question is more to the effect of what legal rights do Bluegreen members really have- since the ownerships are not deeded but simply another form of trust. Will this give Diamond the ability to do virtually anything they want with the program? I would expect that BG members will have the right to choose if they join the Club, but..........
Can Diamond force a club conversion similar to the situation Epic owners faced- and if so would this practically eliminate resales and make the foreclosure process as simple as the punch of a button on a keyboard? I certainly hope not, but Mr. Spence can tell you the recent issues that current Club owners have been facing..
BlueGreen members have been blessed with a fairly steady resale value over the years. I'm keeping my fingers crossed!
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