The Vicious Cycle of Collections and a Solution: Acceleration!

loading… Situation: On January 10, 2012, your association obtains a judgment against a homeowner for the balance, as of that date, of unpaid assessments, late fees, interest, attorney fees, and costs.   In June of 2012, through a wage garnishment, the judgment balance is collected.  Success?  YES and no. Problem: The homeowner has erroneously believed thatGo to Resource

The Mailbox Rule: The Law’s Response to “I Didn’t Get Notice”

loading… How many times have you heard a homeowner tell a manager or board that he/she did not receive the delinquency notices mailed?  As a collections attorney, I hear this excuse very frequently from homeowners. More times than not, homeowners do not “receive” letters because they fail to open their mail.  This can be intentionalGo to Resource

Short Sales and Homeowner Associations

loading… A short sale is a sale of an owner’s property where the proceeds from the sale will fall short of the balance of debts secured by the liens against the property. Nevertheless, because the owner cannot afford to repay the entire amount, the lien holders agree to release their liens on the real estateGo to Resource

Got Chickens?

loading… The town board for the Town of Windsor recently directed its staff to prepare an update to the town ordinance allowing backyard chickens.  The update is intended to remove the sunset clause in the ordinance which eliminates the need for the town board to review the ordinance on an annual basis.  Other Front RangeGo to Resource

Using Outbound Calls to Collect Delinquent Assessments

loading… At Altitude Community Law, we take collecting delinquent assessments serious. Did you know that we have dedicated a full-time experienced collector who initiates contact with delinquent owners by making daily outbound calls for files on our Risk Sharing program?  Tom Walters, our collections specialist, has over 20 years of experience actively pursing full paymentGo to Resource
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