What is it? If you’ve come to one of our collections classes or read your Association’s Collection Policy, you may have heard the term acceleration. But what exactly is that? Accelerating means calling due all of the year’s assessments now. If it’s January and you accelerate assessments, all the monthly (or quarterly) assessments due thisGo to Resource
Collections Resources
By Amanda K. Ashley Esq. As we continue embracing our lives and living “la vida covid,” we have few economic certainties. Here’s what we do know: collection of assessments in Colorado has slowed but has not stopped, lender foreclosures in Colorado are being significantly delayed, and many of our friends and neighbors are struggling withGo to Resource
By: Kiki Dillie For those of us that were involved with associations in the late 2000s and early 2010s, collections were difficult. The economy was in a recession and people were unemployed or underemployed. Homeowners often owed more on their homes than they were worth and mortgage companies were foreclosing at an alarming rate. CollectionsGo to Resource
2019 Manager Handbook
2019 Manager Handbook
What do you do when you receive a check from a delinquent owner with a restrictive endorsement on it? Do you cash it? Do you return it? Do you call the attorney? A restrictive endorsement is a written statement sent with a payment that either defines what the check is written for (such as “AssessmentsGo to Resource