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

Posted by AmberPM on December 9, 2011 · 1 Comment

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 →

Category Bankruptcy, Foreclosure · Tagged with AB 2016, Amber Property Management, assessment collection, board of directors, California Civil Code at Section 2924b(f)), Civil Code Section 1351(a), Condo, FORECLOSED, HOA, Homeowner Association, Orange County Property Management, Property Management, Senate Bill 1511, Single Family Home, Townhome

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

Posted by AmberPM on November 3, 2011 · Leave a Comment

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 →

Category Bankruptcy, Learning Tools · Tagged with Amber Property Management, Association, bankruptcy, board of directors, chapter 13, chapter 7, collections, Condo, creditors, HOA, Lien, Orange County Property Management, post-petition debts, Property Management, Single Family Home, Townhome

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  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
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ASSESSMENT COLLECTIONS: HOW DO YOU KNOW WHEN THE BANK HAS FORECLOSED? – Article by by John R. MacDowell, Esq

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

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