Assessment Collection Services
We handle all aspect of the collection process from start to finish. Our extensive experience will assist the property management companies, board members and property owners to recover the fund in a best professional collection methods.
We manage the association’s assessment and collection policy as aggressively as the Board directs through the pre-lien, lien process and up to initiating foreclosure. At that point, the history of accounts moving into foreclosure, are turned over to the Association’s collection attorney.
We provide delinquency aging and collection status reports for the Board of directors at every board meeting.
The billing and collection process can turn into an unpleasant situation for homeowners and board members alike. We’re here to help alleviate the challenges faced by many self-managed associations as well as those communities which are professionally managed. Our team is comprised of trained, experienced, and compassionate professionals, so you can rest at ease with the knowledge that the receivables for your community are in trustworthy hands.
The financial health of the homeowners association depends on the ability to collect the delinquent HOA dues and assessments members owe. Board members have a fiduciary duty to enforce members’ obligations to pay assessments and to collect delinquent dues owed to the association. In order to fulfill this duty, the board needs a timely and cost-effective means of collecting delinquent assessments from members.