Resources

Foreclosures and Receiverships: Which Action Should the Association Pursue?

Filed Under Collections, Foreclosure, Litigation

Posted October 1, 2011

The typical process for collecting unpaid assessments is to proceed with a lawsuit after an owner has failed to respond to a thirty-day demand letter. This route, although successful in many cases, does not always provide the desired results. Associations are therefore looking to alternative methods of collecting unpaid assessments. Judicial foreclosures and receiverships areGo to Resource

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

2011 Legislative Session Wrap Up – New Laws That Will Impact Colorado Homeowners Associations

Filed Under Legislative Updates

Posted September 30, 2011

2011 was an active year for legislation that will affect community associations of all kinds in Colorado. Overall most bills were positive and did not add significantly to the administrative burdens of managing and governing homeowners associations. But there are new laws that every Colorado homeowners association should be aware of. The following checklist discussesGo to Resource

CCIOA Corner – Terminating Developers’ Contracts

Filed Under Governance, Misc

Posted September 30, 2011

If your community recently transitioned from developer control, you may be able to terminate some or all of the contracts entered into by the developer without penalty pursuant to Section 305 of CCIOA. Section 305 sets forth the types of contracts that are subject to this termination provision, and includes the following agreements: Management contractsGo to Resource

CCIOA Corner – Meetings

Filed Under Governance, Meetings / Action Without Meetings

Posted September 30, 2011

What do you do if your association’s governing documents do not have a quorum requirement? If your community was created on or after July 1, 1992, you go to Section 309(1) of CCIOA. Section 309(1) provides post-CCIOA communities with a default quorum requirement if their documents are silent. Specifically, Section 309(1) indicates that if yourGo to Resource

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