Why Money Judgments Don’t Work for Assessment Mitch Drimmer of AXELA-TECH Money judgments are not an effective way for an HOA to collect delinquencies. It’s often more effective for an HOA…
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Is Your HOA or Condo Board Doing A Good Job? How Can You Tell If Your Board is Doing a Good Job? There’s a lot of talk in the media…
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How many times have you read a story about an HOA foreclosing on some unfortunate family for a fraction of the value of the home? For example, the veteran…
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The Truth About HOA Bank Foreclosure Mitch Drimmer This subject is very painful. We see it all too often in the HOA delinquency and collection world. And yet, it is…
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HOA Statement of Receivables A statement of receivables, or accounts receivable statement, is a document that details the outstanding charges owed to the community association. This can be from sources…
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Maintaining an Condo & HOA General Ledger The foundation of all accounting is the general ledger. Much like your checkbook at home, the Condo & HOA general ledger keeps an…
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Condo Deconversion: The Good, The Bad, and the Reality There’s a lot of turmoil in the housing industry today, and it’s hitting community associations hard. New restrictions from Fannie and…
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How The State and Federal Government Regulates Collections Collection Laws By State While every state must follow federal regulations, most states have additional laws that regulate how debt collectors interact…
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3 Reasons to Hire an HOA Collections Agency to Manage Your Delinquencies Mitch Drimmer Why Hire an HOA Collections Agency? Community associations have limited options to collect, and the traditional…
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