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. One option is to hire a collections agency to do the work for you.

As a collections platform for community associations, SNAP Collections will assist your community in recovering money quickly and efficiently, so the other members don’t have to pay for the shortfall. We have provided the pros, cons and outcomes if you were to choose a collections agency over an attorney to handle this matter .

A written delinquency policy is crucial to have in every community. Typically, this type of document consists of any information regarding delinquencies within the community, along with the consequences for continued non-payment of maintenance fees.

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.

As a member of a condo it is my dream and fantasy to keep our maintenance fees low and avoid the necessity of special assessments.  I never want to see my monthly fees go up, and it terrifies me that I could get slapped with a special assessment of an unknown amount.  I also wish for world peace, a cure for all diseases, and an end to world hunger.  Unfortunately, as noble as these dreams may be I know that they are not possible.  So what to do?