Jim can clarify, I'm sure...aren't BG ownerships all backed up by deeds? For example, my points are based from week 52 at Christmas mountain and week 28 at Solara Surfside...don't I always "own" those weeks at the end of the day? I have first dibs on reserving those weeks even before Premier Platinum or whatever don't I?
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Originally Posted by rikkis_playpen
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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