Community association Collections or for that matter any debt that is delinquent often deteriorates into a bitter cycle of pain. The property owner may fall into hard times and cannot afford their payments due to unforeseen consequences and an unfortunate process begins. First, there is the courtesy notes from the association and then when that fails to result into a payment the matter is sent to either an attorney or debt collector for action.
Archive for May, 2015
So your condo and HOA has a capital improvement project that cannot wait any longer. The board has put off the maintenance or repairs long enough and its time the roof, pool, drive way, plumbing, electrical, security or painting job finally got done. No matter what, it is it’s going to cost a nice chunk of change and the reserves have been depleted due to the financial crisis that we are just coming out of. Its time to think about Community Association Loans.
After much testimony and deliberation the Florida Supreme Court has finally ruled in the Unlicensed Practice of Law issue. Florida Community Association Managers are not practicing law by doing their jobs according to the Florida Supreme Court. The 27 page advisory opinion, just released May 14, 2015, is summed up on the last page with the last paragraph concisely named “conclusion”:
Written by: Mitch Drimmer
Every business has their share of those who are unwilling to pay what they owe, and this happens often in Homeowners and Condominium Associations. If you come across unresponsive members, you should be ready to act. Regarding community association collections one option is to hire a collections agency to do the work for you.