Resources

Evaluating Your Collection Effectiveness

Filed Under Collections, Samples, Forms, Checklists

Posted September 17, 2011

Association Do you have a written collection policy? Do you periodically communicate the collection policy and procedures to owners? Do you obtain as much owner information as possible at each new closing? Management Does your manager provide a monthly list of delinquent owners? Does your manager provide an aging report of delinquent owners? Does yourGo to Resource

Question: What Can We Do with Bank Owned Properties?

Filed Under Foreclosure, Litigation

Posted September 15, 2011

Question: What can we do with bank owned properties? Answer: Bank owned properties are becoming more and more common in community associations because the rate of foreclosures is not declining and the real estate market is not moving homes quickly. Unfortunately, many of these homes are often vacant for long periods, may have yards fullGo to Resource

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

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