Resources

Ownership After Foreclosure

Filed Under Foreclosure, Litigation

Posted September 15, 2011

The ability to collect assessments is crucial to an association – just like a body’s ability to consume food. For the same reasons that a body cannot function without food, an association cannot function without assessments. Therefore, more and more associations are turning to judicial foreclosure as a method of collecting assessments. However, important issuesGo 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

Finding the Gold

Filed Under Collections, Litigation

Posted September 15, 2011

Collecting assessments from delinquent owners is a little bit like mining for gold. First you have to find the gold. With delinquent owners getting a judgment is usually the easy part. Next comes the hard part, finding the gold. We have to locate attachable assets to satisfy the judgment. Generally attachable assets come in theGo to Resource

Foreclosure as a Collection Tool

Filed Under Foreclosure, Litigation

Posted September 15, 2011

Board members have a fiduciary duty to ensure the association collects assessments. If your association has ever experienced a high delinquency ratio, repeat delinquent owners, or uncollectible delinquent accounts, then you should consider a judicial foreclosure action. The foreclosure option should be evaluated regularly and used aggressively when appropriate to do so. In order toGo to Resource

Collection of Assessments: Creating a Culture of Voluntary Compliance

Filed Under Collections, Litigation

Posted September 15, 2011

There’s no doubt about it – assessments are the lifeblood of community associations. Without the income derived from assessments, associations struggle to maintain the common elements, provide essential services to residents and protect property values. While most residents are good about paying their assessments on time, some are not. Furthermore, since associations traditionally operate onGo to Resource

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