Collections Resources

In today’s economy of rampant foreclosures and bankruptcy filings, it is becoming all too common for associations to be confronted with the unpleasant task of “writing off” uncollectible debt.  There are a few common instances when a debt becomes uncollectible.  When an owner files a bankruptcy and obtains a discharge from the court, then allGo to Resource

Recently, several major national lenders have responded to the so-called “robo-signer” scandal by announcing either freezes or new procedures relating to foreclosures in various states, including Colorado. The scandal revolves around the admission by several low-level employees at national lending institutions that they routinely signed affidavits necessary for banks to complete foreclosures without having anyGo to Resource

At the recent Law Seminar of Community Associations Institute, over 500 attorneys from across the country met for two days to discuss a wide variety of issues, especially the economic conditions facing associations.  Here is a list of techniques that are being used by associations to address increasing delinquencies and foreclosures: Budget for bad debt.Go to Resource