Collecting On Judgments
Sometimes owners in a community don’t pay their assessments. Often, the Board of Directors must file a lawsuit to collect the delinquent assessments. The lawsuit is filed in small claims court or the civil court in the county where the property is located. Typically, owners do not respond to the lawsuit and the Association receives a “default judgment.” But a judgment is only as good as the Association’s ability to collect the judgment. Read the article……….
It takes more than a neat, attractive condominium or town house to make a sale at a fair price. Buyers
Collection issues are particularly challenging to owner associations when an owner files for bankruptcy. Owners can file 3 different ways