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Collections Resources

Collecting Delinquent Assessments – Why Does it Take So Long?

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It’s Tuesday night and your board is gathered around the table in the clubhouse reviewing the board packet with last month’s meeting minutes, vendor contracts to review, and the dreaded delinquency report. A collective groan escapes and your treasurer asks, “What can we do to collect on these delinquencies faster? Why does it take soGo to Resource

Collections in a Nutshell Part 2

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There’s no escaping it!  Delinquencies are everywhere.  As delinquencies seem to increase, associations are coming more and more frustrated with the state of their collections accounts.  It is precisely for this reason that boards should become familiar with the collections process and what can and can’t be done under the law.  This class focuses onGo to Resource

Small Claims Court – How Best to Proceed

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With the recent uptick in the economy, individuals have more disposable income, which has attributed to an increase in small claims lawsuits getting filed against associations. Small claims lawsuits fall into one of three primary categories: 1) an alleged failure to follow or enforce the governing documents; 2) an alleged failure to properly and uniformlyGo to Resource

Why Foreclosure May Be Your Best Bet

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One of the greatest challenges community associations face is the collection of past due accounts.  As nonprofit organizations, the cash flow provided by payment of dues and assessments is vital to the association to function and fulfill its responsibilities to the community.  Nonpayment or delinquent payment of dues affect all homeowners in a community and prevent anGo to Resource

What Documents Should be Kept for Successful Collections?

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To make a collection case successful, it is important the association be able to document the origin of the debt. If an association cannot show where some or all of the debt comes from, the likelihood of recovery becomes very slim.  This article will address the documents that are essential for a successful collections action.Go to Resource

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