Waiting it out for now. After all these years, risking an extra $20, 40 or even 185 to avoid giving away almost $800 dollars to a developer waiting in the wings to take over EV property seems like a reasonable risk for now. I may or may not pay later - I am organizing my finances prior to moving to a Continuing Care Community in the next two years, and so may need one more year of unblemished credit to get that done just in case EV comes after me (which I am not sure is a reasonable assumption they will given that they are likely to have lots of non-payers). However, at some point one needs to just cut the losses and stop throwing good money after a bad situation. Obviously lots and lots of EV owners have already walked away. Not paying appears to be the only leverage we have as a group to force better communication and possibly an offer to take the deeds rather than the time and expense of a judicial foreclosure.So just wondering now that we have a little bit of an idea what is going on, what is everybody's thought about what we are going to do. Are you going to pay your maintenance fees or still continue riding it out and not paying them and see if they do anything.
If I were in Pocono Park’s situation I would definitely try to do what they are doing - get as many current owners as I could to pony up maintenance fees one more time to kick start my plans for EV - free money at a time of high interest rates. Great deal if you can get it. And I would have told owners exactly what was said at the meeting - “we’ll get RCI back by the spring” - conveniently after the MF’s are due.