What Happens When You Don’t Pay Your HOA Dues?
There are a lot of reason why it’s important to pay your condo or HOA dues. But sometimes life throws a curveball that makes managing finances difficult. Here’s what can happen if your HOA dues are the bill that goes unpaid.
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Is Your HOA Ready to File a Lien? Remember These 3 Do’s and Don’ts
HOA and condo association delinquency can be a major headache without a lot of solutions. Is your HOA ready to file a lien? If so, here are 3 do’s and don’ts to think about.
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This Isn’t Why You Volunteered to Serve on your HOA or Condominium Association Board!
You joined your HOA or condo board to make a difference, not to dive head first into the drama of HOA bill collection. Don’t shoulder that burden, let Axela do it for you.
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Does New ‘Surfside’ Condo Legislation in FL Go Far Enough?
On the heels of the tragedy in Miami, new condo legislation in FL is being proposed to avoid future destruction. This can and will mean big changes for your condo association.
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Florida Statute Could Strike Down Delayed Collections For HOAs Post-Foreclosure
A Florida statute impacted a bank’s ability to obtain a deficiency judgment after a foreclosure sale. Could this statute and others like it impact delayed collections for HOAs across the country?
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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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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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Why Does Bad Debt Happen In Community Associations?
When one homeowner doesn’t pay, the entire community suffers. Bad debt isn’t just the delinquent homeowner’s fault, it’s the board’s too…
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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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How Do You Know if Your HOA or Condo is Under Water?
Your Community Association could be in financial trouble and you wouldn’t know it until you get slapped with a special assessment. Here’s how to tell…
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There's No Excuse for Not Paying Assessments
Homeowners have a lot of excuses for why they didn’t pay assessments. Here’s how to respond…
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Delinquencies do not make for good neighbors in Condos and HOAs
Running the association as a zero-dollar business is necessary, but it creates a fragile economy. If a single owner misses just one payment, it could compromise the entire association.
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Are there delinquencies your board of directors does not want to address?
Is your board of directors ignoring the elephant that is uncollected past due assessments? Take care of it now before it becomes a circus!
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The Needy, The Greedy, & the Seedy. HOA & Condo Collections
In most cases the delinquent owners fall in to one of three categories: The Needy, The Greedy, and The Seedy. The only question remains is: How do we treat each one?
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HOA and Condo Delinquencies is still a Problem
Would you buy into a community association where a special assessment was inevitable? Learn from the last crisis and be proactive about delinquencies.
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HOA & Condo Delinquencies What You Don’t Know, Can Hurt You
What do you know about your delinquent units and what position they are putting your association in?
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HOA Collections Calls…How To Help The Debtor
Outbound calls for HOA collections are an important part of resolving delinquencies in your community association.
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