The Start of the Fairy Tale: Creation of the Homeowner Assistance Fund
by, Dee Rowe, CACM, Contributing Author Once upon a time, benevolent Prince Sanders was afraid that people would lose their homes because they were unable to pay their mortgages or HOA fees. You see, a nasty respiratory disease was ravaging the kingdom and all surrounding kingdoms. Workers not deemed essential were forced out of work to limit the spread of the disease. […]
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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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Collections 101: The statute of limitations and community association assessments
The length of time allowed under a statute of limitations varies depending upon the jurisdiction it is being disputed. So, where the statute of limitations in your state may be six years, it could be four years in another state.
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Fraud In Your HOA: What to Watch Out For
In November 2022, Hammocks Homeowners Association, a large master community in Miami-Dade County noticed that their annual dues increased by 400%. Instead of paying, the owners filed a lawsuit. Investigators found that current and past members of the Board of Directors used the HOA as a front for criminal activity.
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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 Truth About HOA Bank Foreclosure
If you believe you will get everything your community association is owed after foreclosure, you have been misled. Get the real truth about HOA Bank Foreclosure here.
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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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The Real Risks of Repeat Special Assessments in Your HOA
Special assessments should be exactly that–special. But many boards make the mistake of relying on them for standard funding. Here’s why that’s a problem.
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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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The Infinite Game in Condo Governance
Some games are finite, timed and measured. Other are infinite, unending. Condo governance is an infinite game, but too many play it like there’s a score to be kept.
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