What do you do when you receive a check from a delinquent owner with a restrictive endorsement on it? Do you cash it? Do you return it? Do you call the attorney? A restrictive endorsement is a written statement sent with a payment that either defines what the check is written for (such as “Assessments for April, May and June”) or specifically states that it resolves all outstanding amounts owed. A restrictive endorsement may be considered an offer and settlement. By cashing a check with a restrictive endorsement, the casher may be viewed as accepting the offer. Read the article………………………
A neighborly dispute is headed to the Washington Supreme Court after a state appellate court…
Near Lake Conroe in the Cape Conroe subdivision, just off Fantasy Lane is a home…
Over the course of the next few blogs, we will be providing a brief overview…
Seven years ago, Erin Peyton made her home on this small island known for its…
As homeowners choose to rent out their properties within HOA communities, it's essential for homeowners…
Not too long ago a condominium association foreclosed its assessment lien against a deceased unit…