The purpose of an association filing a lawsuit against a homeowner for unpaid assessments is for the court to enter a judgment against the homeowner. Once judgment enters, the association’s collection options switch from trying to get voluntary payments from the homeowner to being able to get involuntary payments from the homeowner through processes likeGo to Newsletter
Collections Resources
Without assessments, community associations would be unable to function. Boards of directors have a duty to collect assessments from owners to ensure their associations can operate. While the issue of delinquent homeowners is largely unavoidable, associations can set themselves up for success when collecting late assessments by following best practices and avoiding common pitfalls. UpdateGo to Newsletter
There are several universal best practices I find myself repeating over and over in discussions with managers and Board Members. The following are the top 10 points that I suggest all Boards consider. As you are navigating delinquent balances, keep the following pointers in mind: 10. Don’t throw good money after bad. Most of theGo to Newsletter
Community Association Manager Handbook
Our Community Association Manager Handbook is filled to the brim with resources every manager needs to drive success in their communities. The handbook includes our collections and covenant enforcement process chart, our insurance checklist, and all of CCIOA and the Nonprofit Act, tabbed at certain important sections! The Community Association Manager Handbook is available toGo to Newsletter
There are certain things in life we do at certain times of year: New Year’s resolutions, flu shots in the fall; holiday shopping in the winter. Did you know there are certain to dos that should occur at particular times when handling delinquencies? Add these to your annual calendar each year to be sure youGo to Newsletter