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Maintenance Fees (by Emilio T.):

helenw144 wrote:

My husband and I own points with Bluegreen (all are paid in full). We have been trying to find out how to sell them and have pretty much given up on that from the info we have gotten. My question is this, what happens if we don't pay our maintenance fees and dues?

Maintenance fee is like your Homeowner's Association (HOA) if you own a house. If your house has HOA, you must have to pay your monthly fee or else they can put a lien in your house even you paid for already. My neighbor lost his house because he didn't pay his HOA for two years even though he paid his monthly mortgage.

May I know how much is your maintenance fee and how many points a year and what you get for the points? I owned a point timeshare also through Sapphire resort and I get 20,000 points a year and a maintenance fee of $980.67. It is good for a 1 week vacation on pretty much anywhere. But if I make a reservation 30 days or less, anywhere there is available, I will only use 5,000 points. So in other words, with my 20,000 points, I can take up to 4 weeks of vacation if I booked within 30 days or less a year. I can carry my unused points to the following year. Then my 2016 points will expire Dec. 31, 2017 if I don't use it.

My plan with my timeshare is to pass it to any relatives or friends I know that willing to pay for a yearly maintenance fee once I get tired of it. Hopefully the maintenance fee is still under $1,000 but I doubt it since maintenance fees keep going up. Don't use "sellmytimeshare.com," They have bad reviews and they will ask for fees upfront and won't guarantee they can sell your timeshare.

You can "foreclosed" your timeshare by not paying your maintenance fee but yes it will affect your credit but if you already have a house and you are not planning to buy a car in the next 5 years , who cares about credit at this point. That's my 2 cents about this timeshares and maintenance fees :)