Written by: Mitch Drimmer
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. Regarding community association collections one option is to hire a collections agency to do the work for you.

Many Florida homeowner associations have faced the issue of collecting delinquent assessment fees after foreclosures. Since there are considerable amounts involved in a delayed foreclosure action, homeowner associations should be aware of the amount that they may or may not be able to recover. Consider using a debt recovery service to ensure you receive the maximum amount of the money owed.

SNAP Collections is an easy, efficient and cost effective HOA collections platform for homeowner associations. Our goal is to ensure that homeowners associations recover more money on delinquent accounts than any other collections solution in the industry. Below are the most common ways in which properties are transferred during a foreclosure and what can be recovered.

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 .

When interviewing a new service provider for an association, one of the first questions asked by the board of directors is: “How long is your contract for?” For most vendors there is an absolute beginning and a defined end to their tenure as service providers, but for a collection solution this is a much harder question to answer. If the board of directors is satisfied with their choice of collection solutions be it an attorney or a collection agency and they do not dismiss them the end of the agreement for services is almost impossible to predict because it depends exclusively on when the delinquent units “settle out.”