At some point, most boards will experience a homeowner not paying assessments. Sometimes it’s just one, and sometimes it’s several homeowners, but regardless, this can be an uncomfortable situation for the board. Even though the delinquent homeowners are your neighbors, making sure that all homeowners pay their assessments and taking action when they don’t isGo to Resource
Foreclosure is generally a last resort to collect delinquent balances, and boards understandably have many questions about the process.  The purpose of this article is to explain and answer questions about why foreclosures take a long time to complete. To understand why foreclosures take so long to complete, you first need to know the basicGo to Resource

Common Collection Terms

** Originally Published on: Sep 15, 2011 **   We have compiled a list of common legal terms to assist managers and board members with understanding the terminology used when discussing the collection of unpaid assessments. Assessment:  The fee an owner is required to pay to the association, typically monthly, quarterly, semi-annually, or annually for suchGo to Resource

Receivership: An Alternative Collection Method

  **Originally Posted on Sep 15, 2011** Introduction A receivership is the court ordered appointment of a rental manager for a property.  The receiver (rental manager) is a disinterested person who manages the rental of the property, collects the rents and disburses the rents according to a court’s orders.  The receiver should be experienced andGo to Resource
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