Collections Resources

Considering a Receivership? Important Factors to Take Into Account

Filed Under Collections, Litigation

Posted December 1, 2011

A receivership allows an association to intercept a tenant’s rent payments. The rent payments are applied to the delinquent homeowner’s balance until paid in full. The process of the receivership is handled by the receiver, an independent third party appointed by the court. If you are interested in a receivership to collect against a particularGo to Resource

Challenges to Collection Actions

Filed Under Collections, Litigation

Posted October 2, 2011

An association’s ability to collect delinquent assessments is vital to any community. I am often asked what actions could weaken a lawsuit to collect those assessments. A common collection action is as follows: a homeowner purchases property subject to restrictive covenants but fails to comply with such covenants. A lawsuit based on violation of theGo to Resource

Foreclosures and Receiverships: Which Action Should the Association Pursue?

Filed Under Collections, Foreclosure, Litigation

Posted October 1, 2011

The typical process for collecting unpaid assessments is to proceed with a lawsuit after an owner has failed to respond to a thirty-day demand letter. This route, although successful in many cases, does not always provide the desired results. Associations are therefore looking to alternative methods of collecting unpaid assessments. Judicial foreclosures and receiverships areGo to Resource

Easy Answers to Difficult Problems

Filed Under Collections, Litigation

Posted September 28, 2011

We all want easy answers to difficult problems but collection agencies may not be the answer you’re looking for. With the growing number of delinquent accounts some associations may consider using a collection agency. The belief is that collection agencies will be cheaper than law firms and perhaps, get better results. Before heading to aGo to Resource

The “Animal” We Call Collections

Filed Under Collections, Litigation

Posted September 28, 2011

When you are dealing with a delinquent owner it is often helpful to understand the psychology behind the owner’s emotional behavior. There are four general behavioral categories: The Grizzly Bear – the delinquent owner will be offended and on guard or unnecessarily aggressive during conversation about the unpaid assessments The ChickenGo to Resource

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