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How the Future Collects

HOA Collection Case Files

What Would You Do? HOA Collection Case Files

By Mitch Drimmer / 24 June, 2021

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

Fair Collections Everyone In Your Association Can Smile About

By Bob Gourley / 18 June, 2021

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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HOA Lien Foreclosure is so 2008

Condo and HOA Lien / Foreclosures are so 2008

By Mitch Drimmer / 10 June, 2021

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 Anaysis

Pre-Foreclosure Analysis: What Boards of Directors Need to Know Before They Make the Decision to Foreclose

By Mitch Drimmer / 3 June, 2021

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 4 Ps in Condominium Govenranance

The Four Problem “P’s” in Condominium Governance Has a New “P” (it’s Packages)

By Mitch Drimmer / 27 May, 2021

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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Courts smackdown shady lending practices

Oregon Supreme Court Smacks Down Lending Practices That Hurt Community Associations

By Bob Gourley / 20 May, 2021

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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CAI Warns Pending Delinquencies

Community Associations Institute Warns of Pending HOA Delinquencies

By Bob Gourley / 29 April, 2021

An uptick in condominium and HOA delinquency rates is expected, according to a new survey by Community Associations Institute (CAI)

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Collections Value Chain

Consider the Value Chain for the Most Effective Collections for Condos and HOA’s

By Mitch Drimmer / 29 April, 2021

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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Unethical collection practices

HOA and Condo Statutes Can’t Be Changed Just Because You Don’t Like Them! Why Would a Law Firm Do That?

By Mitch Drimmer / 7 April, 2021

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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Association Collections 101 - Initial Demand Letters.png

Condo/HOA Collections 101: Initial Demand Letters

By Mitch Drimmer / 24 March, 2021

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?

What Does an HOA Collection Agency Do?

By Bob Gourley / 2 March, 2021

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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Ethical Collections Matters for HOAs and Condos

Why Ethical Collections Really Matters for HOAs and Condominium Associations

By Bob Gourley / 16 February, 2021

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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HOA Foreclosures National Shame

Condo and HOA Lien Foreclosures…A National Shame

By Mitch Drimmer / 4 February, 2021

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

Collections Tools for Self-Managed HOAs & Condos

By Bob Gourley / 27 January, 2021

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 Secures Financing From Blueprint Equity

Axela Technologies Secures Series A Financing Round Led by Blueprint Equity

By Mitch Drimmer / 19 January, 2021

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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Payment Plans for Delinquent Assessments

Condo/HOA Collections 101: Payment Plans

By Mitch Drimmer / 3 December, 2020

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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Is a specialized collections company right for you?

Why A Specialized Collections Company Makes Sense for Your Community Association

By Mitch Drimmer / 17 November, 2020

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

VIrtual Event Lessons: The New Normal for Community Association Education

By Mitch Drimmer / 28 October, 2020

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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dont write off lost assessments

Don’t Write Off Lost Assessments: What To Do When Lenders Foreclose

By Mitch Drimmer / 14 October, 2020

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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community association liens

Condo/HOA Collections 101: Community Association Liens

By Mitch Drimmer / 1 October, 2020

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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Cash Flow Fable

Safeguarding Your Community’s Cash Flow

By Mitch Drimmer / 1 October, 2020

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

California Foreclosure Crisis 2020

By Mitch Drimmer / 1 September, 2020

California community associations will be facing a foreclosure crisis if a new bill preventing collections-based foreclosures passes.

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Deadbeat list causes legal troubles

One board’s deadbeat list may spell trouble for all community associations

By Mitch Drimmer / 27 August, 2020

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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Pandemic Impact Community Association Finances

How Has the Pandemic Impacted Your Condominium or HOA Finances?

By Mitch Drimmer / 18 August, 2020

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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Credit Bureau Reporting for HOAs and Condo Associations

Condo/HOA Collections 101: Credit Bureau Reporting for Condo & HOA Assessments

By Mitch Drimmer / 12 August, 2020

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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