posted 03-16-2005 15:19               

Your understanding is correct that you can have 3 weeks reserved at a time, (sometimes 4 weeks), and yes there are several UDI experts who frequent TUG. I imagine they will be along shortly with some comments.

posted 03-16-2005 19:29               

Phil

posted 03-17-2005 07:11               

quote:

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Originally posted by Tom52:
Well, I guess that Newbies Help may not be the best place to get a response to questions about UDIs ,Undivided Interest, at CMV, Christmas Mountain Village, so I will try to give an explanation.

First of all it is nothing like Fairfield's UDI. To my knowledge there are only two commonly known resorts in the USA that have these special UDI ownerships. The other is Shanendoah Crossing in VA. Both resorts are currently owned by Bluegreen, but these special UDIs were sold before the resorts were purchased by Bluegreen.

At CMV there are two types of units that were sold as UDIs. The smaller is called a Cottage unit which has 2 bed/1 bath. There are a very limited number of 2 bed/2 bath Cottages. The other unit type is called Oak Timbers which are all 2 bed/ 2 bath and the larger size of the two. There must be about 100 Cottage units but only about 17 of the Oak Timbers units. The Cottage units are in a less desirable area of the resort while the Oak Timbers are right along the golf course. The Oak Timbers UDIs include lifetime free golf greens fees and free ski lift passes to the owners. This benefit is not available to owners of the Cottage UDIs.

Both type of UDIs were sold to allow the owner to have one red week reserved and two additional white or blue weeks all at the same time. When the check in date arrives for any of the weeks you can on that same day call Bluegreen and reserve another similar color week. Thus you can have three weeks reserved at all times. In addition if you have three reservations you can also reserve another week any color so long as the check in is within 45 days, at that time you will actually have 4 weeks reserved. It is very possible to have 10 to 13 weeks reserved per year. You can use them, rent them, bank them with an exchange company such as RCI. There is a weekly house-keeping fee of about $50 for each weekly usage.

Since Bluegreen purchased these two resorts, they have over the years convinced many owners of UDIs to convert to Bluegreen points. UDIs that have been converted to points no longer have the red week as it was traded for either 9000 or 12,000 Bluegreen points to use per year. The rest of the UDI is unchanged, you can still have two white or blue weeks reserved in addition to any reservation you have with the points. You still can use the 45 day reservation.

Just in case you are wondering, these UDIs are only available resale, and I don't expect Bluegreen will ever offer such an ownership in the future.

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Tom, you did a great job explaining the concept of UDI's succinctly. You are correct in concluding that Bluegreen will never offer UDI's again. Actually, it was the predecessor company, RDI (note, NOT RID), that sold the UDI memberships both at Christmas Mountain Village AND Shenandoah Crossing in Virginia. Both UDI's have the "unlimited" weeks reservations options. The only difference is the cost of maintenance and cost of weekly usage. The avantage is to Christmas Mountain in this area. Still, the cost of the Shenandoah ownership is still cheaper than anything else around (with the Christmas Mountain ownership) to obtain RCI points.

The recent resale pricing of the Christmas Mountain Village ownerships is around $8000 per the last three sales made by one of our TUG members, CZ. Two years ago I forecasted to CZ that the pricing of the Christmas Mountain Village UDI's will eventually go higher than it's original sales price of between $11,000 and $12,000 which was about ten or more years ago. The reasoning I gave to CZ was that there were considerably more options to use the many weeks available NOW than when the UDI's were created.

posted 03-17-2005 21:58               

The CMV UDI's has a provision in the contracts that I have seen called "A special modification of purchase agrement" which Tom described so well its useage terms.

Orginal contract Developer CMV UDI selling prices that I saw for Cottages range from $10,000 to $11,300 and 2 Oak Timbers contracts at $17,00 each.

Both Tom and RonalCol are UDI experts and IMHO the best expert on all CMV units including UDI's is the CMVer himself, Master Bob Howlett. Bob is so good they named CMV in honor of his nickname.

Tom is dead right on on the limited number of Oak Timbers units.I have access to paperwork that shows that there are about 79 Cottages and I would guess that about 60 -65 or so at one time were UDI Cottages.

But as Tom mentioned some were traded in for Bluegreen points so its any ones guess how now many CMV UDI's there are. IMHO those peple made a huge mistake.

Bruce

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Bruce F. & Judy Czajkowski, Kansasville Wi. Judy is a teacher and Bruce is retired and thinks that you are never to old to have a happy childhood. Also own at Driftwood Inn, Vero Beach wk 14, wk 52 Sea Club IV,Daytona The Islander wk 12(non RCI or II) North Reddington Beach, Florida Bay Club in Key Largo and a Rayburn Country that is somewere in Texas.