Posts Tagged ‘community association collections’

HOA & Condo Association Collections: How to Collect Unpaid Fees

Written by Mitchell Drimmer on . Posted in condo collection agency, Uncategorized

condo association collections

As part of a community association, it’s common to encounter those one or two owners (or more) who don’t pay their community association fees. Unfortunately, the repercussion of those owners who don’t pay affects those who do. Reliable paying members of an association could face increased fees, special assessments or reduced spending on community maintenance and amenities. Usually in this situation the community association has to enforce the condo association collections policy to establish consequences for continued non-payment.

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.

Why a specialized Collections Company Makes Sense for Your Community Association

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

Why A Specialized Collection Company Makes Sense For Your Community Association

In good times or bad times community associations (Condos and HOAs) will experience some level of delinquencies that affect the entire association. As a not for profit business your association depends on timely payments every pay period to maintain services to members of the association.  Failure to effectively act on a delinquent account does a disservice to the community and to the delinquent member as well.  By allowing a member of sink deeper and deeper in debt the association only makes it more difficult for them to remedy their problem.