The Bankruptcy Roadblock: How to Protect Your Association

The situation is all too common: The Association has a delinquent owner that owes several thousand dollars in past-due assessments and other fees. The Board took every step it needed to by following its collections policy, placing a lien on the property, and filing foreclosure. As the long foreclosure process comes to a close, the board is looking forward to getting a new owner in the unit. The property is set for sheriff’s sale when suddenly, everything comes to a halt: the delinquent owner has filed for bankruptcy.   Read the article………..


Related Articles

Building a Supportive HOA Community

With recent tragedies like the Orlando mass shooting, it’s more important than ever to focus on community in your HOA

Pet Policies in Boards and Associations: From No Pets to Petopia

Although it may sometimes feel as if our pets have the run of the land, humans are still the masters

The Three R’s of HOAs: Rules and Regulations

When most people hear the term “the three R’s,” they probably think of the phrase “reduce, reuse, recycle” that they