I got all sorts of scare calls from their lawyers and unrelated sharks telling me how bad I would damage my credit if I let it go into foreclosure but, thanks to those credit card companies which offer free credit reports and even simulations, I found that it would, at worst, knock about 10 points off my score.
I also found out that it would cost them $150 to file a foreclosure. So I called them back stating that I would sell it back to them for the bargain price of $100. They hemmed and hawed and huffed and puffed that someone actually had turned the tables on them for a change. They sent me the signed papers two weeks later and told me that the check would follow once I signed, notarized and returned them.
The sooner this happens to B.S.A., the better. Yeah, it hurt to lose all the payments I had made, but it felt good and was most healthy just walking away from a bad deal.
Time shares, ungh.
Almost got roped into one back in the ‘80s in Las Vegas...
I agree that the sooner the BSA folds or starts selling off camps/land the better. That will help the new organizations get rolling much quicker.
And I will contribute donations to those new organizations to support that effort.