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HOA Resource Center

Most Recent Items

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What Documents Should be Kept for Successful Collections?

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 s Read More...
Topics: Collections
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Bankruptcy Basics

Bankruptcy … it’s the “four-letter word” that nobody wants to hear.  There are two types of bankruptcies that most individuals file.  A Chapter 7 bankruptcy (also known as a “liquidation” bankruptcy) will, upon completion, discharge the owner’s debt as of the date of filing.  A Chap Read More...
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Association wins at Colorado Court of Appeals

In March of 2014 the Colorado Court of Appeals overturned a Jefferson County District Court decision made against one of HindmanSanchez’ clients.  In the ruling the Court of Appeals agreed with the arguments put forth by Brianna Schaefer, Damien Bielli and Loura Sanchez. HindmanSanchez felt that Read More...
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Bankruptcy And Its Effect On Collecting Association Assessments

These materials concern themselves mainly with the effect of a bankruptcy on a homeowner association’s ability to collect its assessments. Put another way, the object of these materials is to acquaint association managers and Board Members with the skills that will be necessary to determine wheth Read More...
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Essential Documents in a Collection Trial

Has your association been involved in a collection matter that went to trial?  Very few of our collection cases make it to trial, but when they do, it can be unnerving for board members and managers because it may be unfamiliar territory.  This article will address the documents that are essential Read More...
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Scorecard for Your Collection Policy

How effective is your association’s collection policy?  Does it contain all the tools you need in this challenging economy to collect the maximum amount of money your association is entitled to?  Are your actual billing and collection practices consistent with your collection policy? Will the po Read More...
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When to Turn Over an Account for Collection

Often boards struggle with the issue of when to turn over a delinquent owner to the association’s attorney to begin the legal process of collecting unpaid assessments.   A recent survey in our monthly e-newsletter indicated that 66% of associations responding wait until after 90 days to start th Read More...
Topics: Collections
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The Squeaky Wheel Gets the Grease (Why Collection Policies are Essential)

In today's world most people, at one time or another, juggle their financial obligations.  And, for some owners and community associations, this juggling is a monthly fact of life.  The decision of who to pay each month is made not based on responsible, honorable principles, but day-to-day, in-the Read More...
Topics: Collections
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10 Ways To Weather The Economic Slowdown

Now that the economy is officially in a recession, there are a number of ways that an association can prepare for the inevitable increase in delinquent assessments so that the impact on association revenue is minimized.  The following are steps every board should consider taking.Adopt a formal coll Read More...
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A Practical Approach to Collecting Association Assessments

Collecting assessments is the life blood of community associations. The Board of Directors has a fiduciary duty to collect assessments from owners. If the board of directors fails to fulfill its fiduciary responsibility to ensure that assessments are received from all owners in a timely manner, it Read More...

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