What Servicers Must Know About HOA/COA Super Liens
Homeowners associations (HOAs) and condo owners associations (COAs) are different breeds altogether. Many servicers incorrectly assume they can service these properties much like traditional properties, but there are far too many complexities behind HOA/COA super liens that servicers must fully grasp before placing themselves at risk. Servicers that do not keep tabs on the changing rules and the new state-level proposals currently being considered in state houses across the country are lacking critical information in the risk mitigation process. So, before servicers get involved with HOA/COA properties, they must be prepared to know the answers to these top important questions. Read the article………….
First, always remember that CONTRACTS ARE LEGAL INSTRUMENTS ENFORCEABLE AGAINST YOUR ASSOCIATION. Be sure to read them carefully, properly bid
Successful homeowners associations function smoothly by basing community operations on transparency, accountability and communication. This requires exhibiting these values at