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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Condo and HOA Lien / Foreclosures are so 2008
The financial crisis of 2008 may have ended, but community associations are still acting like it’s 2008 when it comes to Condo & HOA Lien / Foreclosure.
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Pre-Foreclosure Analysis: What Boards of Directors Need to Know Before They Make the Decision to Foreclose
To foreclose, or not to foreclose? That is the question… With a complete and comprehensive Pre-Foreclosure Analysis from Axela Technologies, your board of directors can now make an informed decision and save money.
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The Four Problem “P’s” in Condominium Governance Has a New “P” (it’s Packages)
Parking, Pets, People, and Petunias (landscaping). These 4 Ps are the recurring problems that condo associations face. Now, there’s a fifth “P” causing a world of problems: Packages.
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Oregon Supreme Court Smacks Down Lending Practices That Hurt Community Associations
Even with priority liens, banks and lenders continue to expect community associations to pick up their slack, and then use the courts to excuse their dirty lending practices and throw HOAs under the bus.
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Community Associations Institute Warns of Pending HOA Delinquencies
An uptick in condominium and HOA delinquency rates is expected, according to a new survey by Community Associations Institute (CAI)
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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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HOA and Condo Statutes Can’t Be Changed Just Because You Don’t Like Them! Why Would a Law Firm Do That?
Unethical collection practices are often conducted right under your nose, under the guise of good legal practice. It’s the community association that pays the price. Take a recent example of an association in Florida…
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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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Why Ethical Collections Really Matters for HOAs and Condominium Associations
Ethical Collections is about more than just doing the right thing. It is in the best interest of your association financials, and homeowner relations…
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Condo and HOA Lien Foreclosures…A National Shame
For too long, community associations have been a national disgrace, rather than a source of national pride. If we want the bad press over lien foreclosures to stop, we need to make a change.
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Collections Tools for Self-Managed HOAs & Condos
Ideally, all unit owners pay their assessments on time. But what happens when they don’t? What collections tools for self-managed communities are available?
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Axela Technologies Secures Series A Financing Round Led by Blueprint Equity
Funding from Blueprint Equity validates Axela’s technology-based, ethical collections model; enables the Miami-based company to accelerate sales and marketing efforts across the country.
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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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VIrtual Event Lessons: The New Normal for Community Association Education
Pandemic or not, continuing education, training and meetings still need to be conducted. Virtual Events are filling the gaps. Here’s what we’ve learned.
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Don’t Write Off Lost Assessments: What To Do When Lenders Foreclose
What do you do when lenders foreclose and your condo or HOA is positioned to lose money? Should you write off lost assessments, or is there another option?
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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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Safeguarding Your Community’s Cash Flow
A perfect cash flow doesn’t have to be a fairy tale. Simply follow the yellow brick road and let the wizards at Axela help!
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California Foreclosure Crisis 2020
California community associations will be facing a foreclosure crisis if a new bill preventing collections-based foreclosures passes.
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One board’s deadbeat list may spell trouble for all community associations
In a new article in the Florida Community Association Journal, see how one community’s deadbeat list can have far reaching consequences for all communities.
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How Has the Pandemic Impacted Your Condominium or HOA Finances?
Communities across America are suffering as a result of the COVID Pandemic. Help us see how HOAs and Condo Associations are dealing with the pandemic impact.
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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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