Delinquencies. This one single word causes
every homeowner association board member to shudder. And for good
reason. In the current economical environment, money is tight for
everyone, but when homeowners fall behind on their payments, the entire
community suffers. Even those who stay on top of their payments are forced
to make sacrifices to fill deficit gaps caused by delinquencies.
According to the source listed below, the best way to
keep an HOA community running smoothly is to have clear, decisive delinquency
policies. By applying a concrete, uniform policy situations caused by
delinquencies are kept fair for everyone. It also helps to have an
experienced property manager to help collect delinquencies. LandArc has
long experience in taking appropriate measures to handle homeowner
delinquencies. Collection agencies have proven very effective partners in this
process, and attorneys are also needed in select cases.
For more information about this topic, click on the
following link: http://realtytimes.com/rtpages/20120919_hoadelinquencies.htm
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