Collections Resources

Lien Assignment Process and Procedure

Filed Under Collections, Litigation

Posted September 17, 2011

The lien assignment process almost always begins with the owner’s mortgage lender (i.e. bank) commencing a foreclosure on its first deed of trust. Prior to the bank proceeding to foreclosure sale, it must submit a bid to the Public Trustee’s office. At that time, investors review the bank’s bid and determine if they would beGo to Resource

Is An Impound Fund the Solution to Your Association’s Delinquency Problems?

Filed Under Collections, Litigation

Posted September 17, 2011

Recently an association inquired whether it would be a good idea to require an impound fund for all new owners in an effort to curb the community’s delinquency problems. The idea behind the proposed impound fund, also called a reserve or escrow account, is that each new owner would be required to put an additionalGo to Resource

I’m Having an Out of Money Experience

Filed Under Collections, Financial, Litigation

Posted September 17, 2011

Having difficulty staving off the rising tide of delinquencies? And are the circumstances that have put your association in this position outside of your control? You can’t control the economy or extinguish the existence of foreclosures and bankruptcies in your community, but you can control how you respond to these and other scenarios that tendGo to Resource

Evaluating Your Collection Effectiveness

Filed Under Collections, Samples, Forms, Checklists

Posted September 17, 2011

Association Do you have a written collection policy? Do you periodically communicate the collection policy and procedures to owners? Do you obtain as much owner information as possible at each new closing? Management Does your manager provide a monthly list of delinquent owners? Does your manager provide an aging report of delinquent owners? Does yourGo to Resource

How to Prepare and Testify in Court

Filed Under Collections, Complex Litigation, Construction Defect, Discrimination, Enforcement and Fines, Foreclosure, Litigation

Posted September 15, 2011

Whether you are a board member or an employee of a management company, you may be called to testify in court in response to a subpoena for records or as a witness to events. Here are some practical hints and suggestions on what to do and how to do it well when you are askedGo to Resource

Collections Resources

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