HindmanSanchez

Collections Resources

             

Collecting Delinquent Assessments – Why Does it Take So Long?

Date Posted: Sunday, October, 1st, 2017

It’s Tuesday night and your board is gathered around the table in the clubhouse reviewing the board packet with last month’s meeting minutes, vendor contracts to review, and the dreaded delinquency report. A collective groan escapes and your treasurer asks, “What can we do to collect on these delinquencies faster? Why does it take so… [Read More]

Collections in a Nutshell Part 2

Date Posted: Thursday, April, 28th, 2016

Small Claims Court – How Best to Proceed

Date Posted: Monday, November, 30th, 2015

With the recent uptick in the economy, individuals have more disposable income, which has attributed to an increase in small claims lawsuits getting filed against associations. Small claims lawsuits fall into one of three primary categories: 1) an alleged failure to follow or enforce the governing documents; 2) an alleged failure to properly and uniformly… [Read More]

Why Foreclosure May Be Your Best Bet

Date Posted: Monday, November, 30th, 2015

One of the greatest challenges community associations face is the collection of past due accounts.  As nonprofit organizations, the cash flow provided by payment of dues and assessments is vital to the association to function and fulfill its responsibilities to the community.  Nonpayment or delinquent payment of dues affect all homeowners in a community and prevent an… [Read More]

What Documents Should be Kept for Successful Collections?

Date Posted: Thursday, July, 31st, 2014

To make a collection case successful, it is important the association be able to document the origin of the debt. If an association cannot show where some or all of the debt comes from, the likelihood of recovery becomes very slim.  This article will address the documents that are essential for a successful collections action…. [Read More]

http://www.hindmansanchez.com/resources/newsletter/collecting-delinquent-assessments-take-long/

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