No matter your reasons for considering a timeshare exit, you are not alone. Many owners find themselves searching for ways to legally and effectively end their Bluegreen Vacation Club timeshare obligations.
Whether it is rising maintenance fees, lifestyle changes, or buyer’s remorse, this guide outlines your best options to get rid of a Bluegreen Timeshare, including resale strategies and key pitfalls to avoid.
Your Options For Exiting A Bluegreen Timeshare
Bluegreen’s Exit Or Deed Back Program
Bluegreen offers an exit or deed-back program, which allows qualifying owners to return their timeshare to the company. However, this program comes with specific conditions:
- Your timeshare must be fully paid off (no mortgage balance).
- You must be current on all maintenance fees and special assessments.
- Bluegreen may charge a fee to process the surrender (often equal to 18 months of maintenance fees).
While this option is one of the most straightforward exit methods, it may not be available to all owners. If you don’t qualify, you’ll need to consider other ways to exit your timeshare.
Selling Your Bluegreen Timeshare
Reselling your Bluegreen timeshare is another potential exit strategy, but owners should realistically manage their expectations regarding value and demand. The timeshare resale market is highly competitive, and most timeshares depreciate significantly from their original purchase price.
Tip: Check your contract, as Bluegreen often requests a $500 transfer fee per title. Keep this in mind when negotiating a sale.
Canceling A Bluegreen Timeshare
If you’ve just purchased your Bluegreen Vacation Club timeshare and are still in the rescission period, you can legally end your contract without penalties. You will have to follow the stipulated canceling requirements, which often include sending a written cancelation request via certified mail.
The rescission period varies by state but typically ranges from 3 to 15 days.
Gifting, Donating Or Transferring Your Bluegreen Timeshare
Sometimes, selling or returning your timeshare proves difficult, and gifting or transferring it to a willing recipient becomes a consideration.
Some owners choose to give their timeshare to friends or family members, to a buyer willing to cover transfer fees, or to an organization that accepts timeshare donations (though many do not due to ongoing fees). If you want to explore donating your timeshare, read our blog here.
Stopping Payments
Some owners consider stopping maintenance fee payments in hopes of forcing Bluegreen to take back the timeshare. While this may eventually lead to foreclosure, it is a risky last resort that comes with serious financial consequences – it can damage your credit score, unpaid balances can be sent to a collection agency, or Bluegreen can pursue legal action.
Avoid Timeshare Exit Scams
If you search online for terms such as Bluegreen timeshare exit, you’ll likely find companies promising a quick, hassle-free cancelation for a hefty upfront fee. Many of these companies do not deliver on their promises, leaving owners out thousands of dollars with no real exit.
Warning Signs Of A Timeshare Exit Scams
The first thing to know is that legitimate services do not demand thousands of dollars before taking action.
Scammers may promise they will get Bluegreen to accept your timeshare back for a fee; however, that is not something any third party should guarantee.
Scammers often use high-pressure sales techniques to rush owners into signing contracts, so beware of that. You can use our Timeshare Scam Database to check if the company you are dealing with is legitimate.
Finding The Right Exit Path
Exiting a Bluegreen timeshare takes careful planning. If you need professional guidance, our team at Timeshare Specialists can help you explore legitimate, risk-free options to get out of your timeshare.
Contact us today for a free consultation.