HOAs & Condos…Beautiful Dreams or Horrific Nightmares

The property is beautiful, and the apartment or house is just what you have been dreaming about. This place is shouting “welcome to your new home” as loud as possible. It’s what you have always wanted but the question remains; is this a good place to buy? When you buy a house that is not part of an Association the relationships are between you, the house, and the neighbors. When you buy a property in a Condo or HOA another component is added – you are not just purchasing a house or apartment, but you are essentially entering into a business partnership with a bunch of people that you don’t… Read More

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HOA & Condo Collections

The Needy, The Greedy, & the Seedy. HOA & Condo Collections

Not all HOA & Condo delinquencies are created equal and each one has it’s unique circumstances. However, in most cases the delinquent owners can all fall in to one of three categories: The Needy, The Greedy, and The Seedy. The only question remains is: How do we handle these HOA & Condo Collections? The Needy member of an association may have fallen into bad circumstances either due to unforeseen financial events, unfortunate circumstances, or even by circumstances that often happen at community associations. People lose their jobs and sources of income or have their investments go bad due to no fault of their own, their family economy suffers a loss… Read More

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