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
CACM Legislative Activities – May 2011
Please keep your eye’s on the following proposed bills as they may effect how your association does business. AB 771(Butler) Common interest developments: requests for documents: fees. Introduced: 02/17/2011 Last Amend: 05/10/2011 Status: 05/11/2011-Action From SECOND READING: Read second time.To THIRD READING. Location: 05/11/2011-A THIRD READING Calendar: 05/12/11 6 ASM ASSEMBLY SECOND READING FILE Summary: … 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
