Foreclosure Resources

Foreclosure Of Assessment Liens

Filed Under Foreclosure, Litigation

Posted September 30, 2011

Introduction The Association has a lien for unpaid assessments against each unit in the Association. A lien against the owner’s unit for unpaid assessments is granted in most Declarations. The time at which the lien attaches depends upon specific wording in the Declaration. For example, the Declaration may state that the lien attaches when theGo to Resource

Do You Trust Me?

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

Posted September 22, 2011

A major component to achieving success at trial is gaining credibility with the judge and jury. While there are many actions you can take at trial, you really gain your credibility before the lawsuit is even filed. Adhere to the following five points and your credibility with a judge or jury will likely soar. FollowGo to Resource

What To Do With Uncollectible Debt

Filed Under Collections, Foreclosure

Posted September 17, 2011

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

What is the “Robo-signer” Foreclosure Scandal and Why Should Associations Care About It?

Filed Under Collections, Foreclosure

Posted September 17, 2011

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

Ways to Address Increasing Foreclosures and Delinquencies

Filed Under Collections, Foreclosure

Posted September 17, 2011

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

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