A recent study conducted sponsored by a major credit repair firm and conducted by Harris Poll asked specific questions related to what people understand about credit scoring, how they are arrived at, and the information that is taken into consideration to determine them.

The study revealed some surprising information.  Eventhough credit scores affect Americans in many important ways including the price they pay for credit and insurance many people are mis-informed about the entire process.  This is shocking as your credit score can not only affect your ability to get credit but also impact on your ability to obtain employment.

In my journeys through the community association world I go to a lot of conferences, seminars, board meetings and read hundreds of articles about how to best manage and govern a community association.  It has almost become a cliché that communication is the most important aspect in managing an association.  While I don’t disagree, I also believe that information and facts are just as important and it is a commodity that is sorely lacking. Plainly stated Solid Information Is Critical

HOA Financial Reports

Monthly HOA financial reports are required by the Board every accounting cycle, whether it be quarterly or biannually. There is a ton of information out there for board members to help them understand how to state questions to ensure that HOA financial reports are correct. However, some members find it difficult to know which questions to ask in order to make sure everything is correct before giving it to the Board. Snap Collections is here to offer you advice and a checklist to ensure pristine HOA financial reports each month.

Super Priority Lien Cases

In the last week my phone has been ringing off the hook and my e-mail inbox has been stuffed with questions about two recent cases coming out of a DC Court of Appeal and a Nevada Supreme Court decision.  In both of these cases it seems as if the courts have ruled that a community association with a superlien can wipe out a bank in a foreclosure action.