ASSESSMENT COLLECTIONS: HOW DO YOU KNOW WHEN THE BANK HAS FORECLOSED? – Article by by John R. MacDowell, Esq

Associations rely on assessments. In most cases, they are an Association’s only source of revenue. Yet the lack of equity in homes restricts an Association’s ability to recover unpaid assessments. Often, an Association can expect to receive payments only after the lender has foreclosed and taken title. Only then is an owner in place with … Continue reading

How Bankruptcy Affects Assessment Collection – Article by Sean D. Allen

So, your Association has a homeowner who is delinquent on his assessments. Before you are able to make any progress on collection and before a lien is recorded, you receive notice that he has filed for bankruptcy. What happens next? The moment a debtor files for bankruptcy, an “automatic stay” is imposed. The automatic stay … Continue reading

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 38 other followers

  • Blog Stats

    • 144,605 hits
  • Contact Us

    Amber Property Management 27261 Las Ramblas, Suite 100 Mission Viejo, CA 92691 General email mark@amberpm.com and or tracey@amberpm.com Office (949) 429-5831 Fax (949) 429-5933