Assessment Collection in an Economic Crisis – Article By Paul W. Windust, Esq.
California law affecting non-judicial and judicial foreclosure of assessment liens can be complex. Recent legislation illustrates a governmental policy favoring the resolution of many assessment disputes in Small Claims Court. This, coupled with reduction of property values and equity brought on by the current economic crisis and real estate meltdown, can make assessment collection in … Continue reading
I still owe HOA Fees after I filed Bankruptcy and Surrendered my Home? – Article written by Michael G. Doan
Technically yes. Debtors are frequently surprised to find that they are still personally liable for HOA fees after filing for bankruptcy, even though they have moved out and for all intents and purposes made known their intent in the bankruptcy that they are surrendering their property back to the bank. Such liability is the result … Continue reading
Can a HOA Garnish Your Bank Account? – Article by Michael Wolfe
Home owner’s associations, also known as HOAs, are organizations in which members — usually residents within a planned community — agree to a set of rules designed to uphold aesthetic and, in some cases, behavioral standards, within a particular community. When a person moves into a community, he may be required to sign an agreement … Continue reading
Have a “Q”? Because we have your “A” – An amazing complied list of HOA Q & A – Article by hoaqanda.com
JUSTIFIED EXPENDITURES Q. Can the board of directors of our association spend association funds on what amounts to a political issue? The board wants to spend funds to stop a nearby development, based on the belief that it will harm the value of homes in our community. A. Absent a prohibition in the … Continue reading
How Foreclosures Work – Article’s by Charles W. Bryant & Foreclosurequestionsguru.com
You made smart decisions on the path to realizing your dream of homeownership. You prioritized your spending and saved enough money for a small down payment. Your mortgage broker was creative, accommodating and worked out a loan that fit your budget. You signed the closing papers, got the keys, moved in and settled into what … Continue reading
Condo Association or HOA Collection Policies for Fees and Assessments – Article by CondoAssociation.com
Assessments are the life-blood of condo associations and HOAs. Yet only in a very fortunate few condo associations can collection of assessments be left to a laissez faire process. Most condo associations need to have a cohesive and consistent collection process to thrive and not merely survive. This article deals not only with the process … Continue reading
Delinquent Assessment Collections by Homeowner Association Boards: Why Small Claims Court May Offer a Most Efficient Means to Collect – Article by R. Bruce Crowe, Esq.
It is likely not news to most homeowner association boards of directors that the economic downturn over the past couple of years has resulted in a substantial increase in the number of delinquent assessment payments made by individual members of many associations. The necessity for the boards to collect assessments is mandated because the … Continue reading