Who Collects Condo and HOA Fees and Assessments? What Happens to the Money?
HOA fees and assessments are the lifeblood of a community association. But why is that so? Understanding how and why your community collects fees is important to understanding your part in your condo association or HOA.
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Shifting the Emotional Burden of Condo and HOA Delinquency
HOA delinquency is a common problem many communities face. Homeowners and condo association board members shouldn’t have to handle the emotional turmoil unpaid assessments bring.
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Community Association Collections 101: What Happens When An Owner Files For Bankruptcy?
Community association collections are hard enough with standard delinquency. Throw homeowner bankruptcy into the mix and you’ve got a real pickle on your hands. Here’s how to handle such a tricky situation.
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Traditional Collection Methods Versus the HOA Business Model (A Case Study)
Traditional collection methods leave a lot to be desired for HOAs and condo associations. See how Axela was able to help a community association when those other collection methods fell short.
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Can my HOA Collect if the Homeowner Declares Bankruptcy?
When a homeowner declares bankruptcy, is the HOA or condo association still able to collect? In such a challenging situation, it’s essential to take the right steps and consult with specialized collections experts.
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Fishy Legal Tactics HOA Attorneys Have Used for Collections
Attorneys are always looking for new ways to make the most money, even HOA attorneys. Time and again we’ve seen the tricks they use claiming to try to collect for your association, but really they’re just lining their own pockets.
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Why Is Your Community Association Still Using a Lawyer for HOA Collections?
Should you contact your lawyer for HOA collections? Calling in the big guns may sound good, but it can also cost huge fees that may end up coming back to the association in the long run.
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Super Liens: Nice, but Not Necessary
Super liens or priority liens allow community associations to collect on the debt owed to them before other lien holders. Cutting the lien line with a super lien sounds like a nice benefit to have, but it surely isn’t one you need. Community associations can recover on debt even without the advantage of a priority lien.
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Don’t Get Sued, Get Axela!
Is your community association indemnified from legal action resulting from collection activities? If not, new legislation could put you in danger of being sued. Want to get paid without risking it all? It’s time to get Axela.
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What Would You Do? HOA Collection Case Files
In this edition of HOA Collection Case Files, we explore a case where the owner has passed, owing the association 17k, and a 13k tax certificate. The heir cannot afford to pay, and the estate is scheduled for a tax sale. What would you do to recover for this community?
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Fair Collections Everyone In Your Association Can Smile About
Condo and HOA Collections don’t need to be unfair. Merit-based solutions exist to make fair collections – a win-win for both the community and the homeowner.
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Consider the Value Chain for the Most Effective Collections for Condos and HOA’s
Condominiums and Homeowner Associations cannot afford anything less than a perfect cash flow scenario. Which brings us to the concept of “The Value Chain.”
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Condo/HOA Collections 101: Initial Demand Letters
In our series covering the basics of Condo and HOA Collections, Learn why the initial demand letter is important, what the law says, and what you need to do to stay out of legal troubles.
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What Does an HOA Collection Agency Do?
If the governing documents don’t specify, is it legal to hire a 3rd party collections agent and what does an hoa collection agency do?
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Condo/HOA Collections 101: Payment Plans
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about payment plans for delinquent assessments.
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Why A Specialized Collections Company Makes Sense for Your Community Association
Is a specialized collections company right for your community association? If your board is reluctant to consider a collections agency, here are the facts.
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Condo/HOA Collections 101: Community Association Liens
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about community association liens.
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Condo/HOA Collections 101: Credit Bureau Reporting for Condo & HOA Assessments
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about credit bureau reporting.
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Condo/HOA Collections 101: Underwriting in HOA Collections
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about Collection Underwriting.
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Condo/HOA Collections 101: Skip Tracing
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about skip tracing
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Do Your Due Diligence When Choosing An HOA Collection Agency
Considering a collections agency? Here are 7 things you should look at before choosing an HOA collection agency.
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Condo/HOA Collections 101: Community Association Assessments
In our series covering the basics of Condo and HOA Collections, Learn all you need to know about community association assessments
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Community Association Fund Recovery For Your Safety
HOA collections is a matter of security and cannot be delayed. Prioritize community association fund recovery over punishment.
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A Checklist for your Condo and HOA Delinquencies
The first step to a good collections process is establishing a fact pattern. This checklist covers all the questions you should have answers to before you begin.
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Use Riders to Collect Delinquent HOA Fees
There are many ways to recover delinquent maintenance fees. Have you considered contacting the lender of a delinquent unit owner?
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