If a homeowner fails to pay a balance due to their association, there are two ways to attempt to collect that balance. The first is through the personal assets of the homeowner. The second is through the lien against the property. Personal Liability: Unpaid balances due to an association are the personal responsibility of theGo to Resource
Foreclosure Resources
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
Kate was recently featured in Common Interests Vol. 38 No. 1, a bimonthly publication of CAI’s Rocky Mountain Chapter, in an article titled “Judicial Foreclosure – a 10,000 foot overview,” published on CAI-RMC’s website: www.cai-rmc.org/Magazine.
Elina is quoted in this article “What This HOA Board Could Have Done Instead of Foreclosing” published by www.HOALeader.com.
2019 Manager Handbook
2019 Manager Handbook