Community Association Issues…Where Did Everything Go?

Written by Mitchell Drimmer on . Posted in COMMUNITY ASSOCIATION COLLECTIONS, FLORIDA COMMUNITY ASSOCIATION COLLECTIONS.

Although this article may seem to be Florida specific it relates to all community associations throughout the nation.

On July 1, 2014 in Florida a new law goes into to effect that was legislated under HB 807 to section 718.111(12) of the condominium act.  This new law obligates “outgoing board members to return all official records … to the incoming board.” Now as benign as this may seem it speaks to a greater problem and that issue is: Where are all the association’s records?   Why did the legislature have to go out of its way to create a specific law to obligate a proper transition from one board to the other?  There must be a problem here.

Community Association Governing Documents…Are They Up To Date?

Written by Mitchell Drimmer on . Posted in Uncategorized

Periodically in every state of the United States (mostly it would be annually) the state legislature gets together, and most of the time they change the laws. Bills are introduced, old language is deleted, and new language is inserted. The statutes are brought up to date to meet the new challenges that evolve as time marches on. In many states statutes are changed in regards to community association business. What about your community association? Do you review your By Laws, Rules & Regulations, Covenants, Conditions and Restrictions (CC&Rs) to keep up with the dynamic and ever changing conditions in a volatile industry?

Aggressive Community Association Collections

Written by Mitchell Drimmer on . Posted in COMMUNITY ASSOCIATION COLLECTIONS

As a collection agency for community associations, I meet with a lot of boards and am usually greeted with some good natured humor about debt collecting. Television and film have given us a vast amount of stereotypes to choose from that range from a gangster with a baseball bat to a foul mouthed outbound caller. I gently advise the boards that, contrary to their wishes, I will not break anybody’s legs nor will I harass anybody, because both actions are highly illegal and not at all effective. Yet, I do promise resolute action that one may consider aggressive. So what is aggressive community association collections?

Fannie Mae required to Pay Condo ALL Delinquent Assessments and Fees

Written by Mitchell Drimmer on . Posted in COMMUNITY ASSOCIATION COLLECTIONS, CONDO COLLECTIONS, CONDOS, FLORIDA COMMUNITY ASSOCIATION COLLECTIONS., HOA COLLECTIONS, MARYLAND COMMUNITY ASSOCIATION COLLECTIONS, SNAP COLLECTIONS, VIRGINIA COMMUNITY ASSOCIATION COLLECTIONS, WASHINGTON D.C. COMMUNITY ASSOCIATION COLLECTIONS

After Loss in Appellate Court where Lender Did Not Act Properly
Significant and Historic Victory for Condos

Miami, Florida (May 15, 2014) The Florida Third District Court of Appeal recently ruled in favor of the Alden Hotel Condominium Association against Federal National Mortgage Association (Fannie Mae) requiring Fannie Mae to pay the association nearly $100,000 plus attorneys fees and costs, following an appeal during a non jury trial.