6 Unexpected Ways an HOA Recovers Delinquent assessments.
Money judgments are not an effective way for an HOA to collect delinquencies. It’s often more effective for an HOA to work with delinquent homeowners to find a mutually beneficial resolution. This may involve setting up a payment plan or finding alternative ways to resolve the delinquency.
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Why Money Judgments Don’t Work for Assessment
Money judgments are not an effective way for an HOA to collect delinquencies. It’s often more effective for an HOA to work with delinquent homeowners to find a mutually beneficial resolution. This may involve setting up a payment plan or finding alternative ways to resolve the delinquency.
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Is Your HOA or Condo Board Doing A Good Job?
The truth is, most Board members are honest people that meant well when they campaigned for election and mean well when they attend and vote in each meeting. They have reasons for making the unpopular decision that the residents complain about. Oftentimes those reasons are valid and the unpopular decision was actually the lesser of two evils. But, how do you know for sure?
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HOA Collections Done Right: Spend Less, Collect More
Community association delinquency is a scourge every HOA has to deal with. When it comes time to begin the HOA collections process, consider this trick to spend less and collect more.
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The 5 Stages of Grief: HOA Foreclosure-to-Rent
Communities have a lot of options when dealing with delinquencies. Here are the hidden downsides to HOA foreclosure-to-rent.
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HOA Payment Plan Provisions to Protect Your Community
HOA delinquencies end in foreclosure too often. An HOA payment plan is an ethical option that can help communities get every penny they’re owed.
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3 Court Cases That Shaped the Way Your Association Pursues Condo Debt Collection
Condominium associations are subject to a wide variety of laws and doctrines. When it comes to condo debt collection, it can help to know the cases that put those restrictions in place. Here are three of the big ones.
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How Does an HOA Collections Company Really Work?
Life is full of mysteries. The way an HOA collections company works doesn’t have to be one of them. Here are the ins and outs of industry-specific collections for HOAs and condos.
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Signs You’re In an Abusive Relationship With a Predatory HOA Collections Company
The sad truth is that predatory HOA collections companies are out there. Are you stuck in a bad contract with one of them? Look for these signs.
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How To Settle a Debt with an HOA Collection Agency
Being in debt is stressful, but somehow getting out of debt can feel even more so. Working with, not against, an HOA collection agency helps reduce that worry.
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Do Not Sell Your HOA Debt to a “So-Called” HOA Collections Entity
Communities struggling with delinquency can sometimes resort to drastic measures. Selling their HOA debt is one tactic guaranteed to do more harm than good.
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What Not To Do When Collecting from Military Homeowners
Collecting from delinquent homeowners is never easy, but harder still is collecting from military homeowners. The SCRA explains what HOAs can and cannot do while attempting to collect from an active duty service member.
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How Much Should Your Community Pay for HOA Collections?
Collecting from delinquent homeowners in your HOA or condo association can be expensive. But should it be? Exactly how much should your community be paying for HOA collections?
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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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