At HOAleader.com, debt collection has always been one of the most popular topics on our site. Perhaps it's because this is one of an HOA board's fundamental
tasks—and because it can be fraught with emotion and conflict—conscientious board members are eager to know how to collect the money their association is due from members unwilling or unable to meet their obligations.
In this report, our editorial team and experts on HOA law, management, and collections from across the country provide information you can begin
implementing immediately to collect money due your association more quickly and easily.
You'll get critical information on:
- Why you need to create a collections policy and what to include in it
- What you need to know about delinquent fees
- Dos and don'ts when notifying owners of delinquencies
- When and how to work with owners on repayment plans
- What you need to know about the lien process and how to decide whether to foreclose on a lien
- The role of your lawyer and manager in debt collection
- What debt collection
companies do—and how to avoid unscrupulous ones
- A quick-summary of what to and not to do in collections
- Sample forms, from a uniform collection to a policy payment reminder to a repayment plan
- Plus much more!
Best regards,
Matt Humphrey
President
Plain-English Media
