Resources Archive - Page 76 of 79 - Altitude Community Law

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

What in the World is a “Stip?”

Filed Under Collections

Posted September 17, 2011

“Stip” is common slang for “Stipulation.” A “Stipulation” is a legal term that generally identifies a written document that sets forth the agreed upon terms and conditions of a settlement between two parties to a lawsuit. In the realm of community association collection actions, that generally means a settlement between the delinquent owner and theGo to Resource

Usury and Unpaid Assessments

Filed Under Collections

Posted September 17, 2011

Generally, usury laws should not apply to homeowners association late fees. However, some courts have not agreed. Usury laws apply only to loans and homeowners association assessments are not considered loans. However, homeowners and/or their attorneys occasionally attempt to argue that an association’s interest and late fees are usurious. In order to fully protect anGo to Resource

Three Ways to Gain Control Over Delinquencies in This (Still) Tough Economy

Filed Under Collections

Posted September 17, 2011

Earlier this year, the Metro Denver Economic Development Corporation (an affiliate of the Metro Denver Chamber of Commerce) presented the 2010 Economic Forecast for Metro Denver, and it was not all bad news! Briefly stated, the EDC suggested that Metro Denver has the necessary fundamentals to bounce back from this economic recession. For example, DenverGo to Resource

WHOOPS!- Slips and Falls (Why Homeowners Or Other People Sue)

Filed Under Complex Litigation, Litigation

Posted September 17, 2011

Associations have legal responsibilities under the governing documents and through common law to take reasonable steps to exercise reasonable care to protect against dangers of which the Association actually knew or should have known. There are several common sense risk management strategies associations can take to minimize the chance of a personal injury claim byGo to Resource

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