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 .

Condo Collection Agency

Calling debtors is always a difficult and sensitive task especially for those people who are delinquent on their Condo or HOA maintenance fees. People are very sensitive about their homes, as they well should be, and calls of this nature can be very disturbing. However, in order for a community to be able to operate properly everybody has to pay their fair share. So how should a call like this sound like?

By Mitch Drimmer, VP Association Financial Services

Community associations are faced with having to deal with collecting delinquent assessments in good times and bad. If a community association were to advertise for a collections company this is how it may appear.

HELP WANTED FOR COLLECTIONS

The board of directors of our community association is looking for a collections solution that will not only help us recover our delinquent assessments, but will not cost us five dollars to collect one dollar. We have been working with our community association attorneys, and although they know the community association business well, they are not effective with their collections efforts. We need more than an attorney placing a lien and then maybe foreclosing on said lien. We need action and we need it now because our collections are costing us an arm and a leg, and we are not seeing any return on our investment with our current solution.