the usatoday has an article regarding skipped dues that are putting a crunch on home owners assos.--- this is an article you should read--- the link is
http://www.usatoday.com/money/economy/housing/2008-05-26-condo-fee_N.htm
there has been at both meet the candidates night and the open bod meeting questions regarding the ability of some members to pay their dues and also questions in regards to members who are delinquent in paying their dues -- this is going to be AN ISSUE THAT NEEDS TO BE CAREFULLY ADDRESSED by this bod--- everything from how the payments may be made easier for some who are having difficulty with the current payment schedule to increased efforts to collect chronic delinquent past dues from those members who just aren't paying-- the asso. should not have to carry anyone-- yet being realistic we are in a difficult financial time and every method possible must be looked at to insure that la is adequately funded -- assos. do go bankrupt in these situations and la must tread carefully
some members may need monthly payment schedules for a limited time-- but with this also comes a need to have a backup plan in place to more strongly pursue these members if they don't maintain their modified payment schedules
chronic delinquent member dues need to be more aggressively pursued-- most cases these people are just not responsible and need extraordinary methods to collect the dues (many inherited these properties from a family member and have little to no interest in the property or the community)-- so if a collection agency is the first method in recovering these dues then that is what should be done-- second if after a specified period this fails to get the fees paid then a lien should be placed on the property--when this property has sufficient liens against it then la should move to acquire this property with the purpose of reselling it asap so as to return it to a income generating property-- (i've had a response to this idea that we don't have enough accounts to interest any collection agency--- that's crap -- for the right fee and the right company they will do this--- even answering services offer this service -- how hard can this be -- of course you have to want to do it and since no one in house has the gumption to do it we'll need an outside service)
yes all this takes more work and perhaps more legal expenses but the welfare of the community is more important than the additional workload for the office staff or additional legal costs (to minimize the legal cost and to be effective try hiring a real attorney -- the one handing the 12' wide issue is already over her head and much like g. bush see sees that issue goin into the next year and beyond????? god help us!)
rough financial time means real careful planning is required ---la has a lot of large financial obligations in the upgrades to the utilities that are required to satisfy the government and they can't be delayed -- that leaves la with the possibilities of cuts in staffing, services and etc. if it's financial situation deteriorates
no one wants to see that happen to la!
Tuesday, May 27, 2008
skipped dues crunch home assos.
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I thought I read the attorney was going to send letters threatening to put a lien on the property? Given LA's financial obligations a collection agency may be too costly but losing thousands in lost dues may be worth the cost. I was interested in a few lots on the For Sale by Owners list and it turns out many want out and are years behind on dues with no intention of paying up. If they sell they would actually owe money at closing so they're asking unreasonable prices.At least the realtor gets some turn around.
ReplyDeleteWas the 12' wide attorney at the meeting? She said at least another year or more? What was her reason? According to March minutes she replied to the township ordinance changes and was setting up a face to face meeting. That was almost three months ago. I believe she's from E Stroudsburg, not local or even our county. Wonder why LA didn't go with a local attorney that would have some connections with the township ? You're right, she's out of her league on this issue and LA should look for a replacement. Another year of fixing roof leaks and making floor repairs. I hate to buy a new one that will have the same problems.
I have a comment about the current dues schedule.....Everytime we turn around we change something because we are morons on The Bod at La. Do you think we went Back to Quarterly Payment schedule The a working class Family can afford People would make a payment reguarly? Also there is alot seniors with a limted income feel the same way. Wake up you get a collection agencey you loose a big percentage to fees. Brillant sease the land how many lots do we have now that Joco and association owns and can't turnover. The 12 ft wide issue will never go through. Stop wasting money so the all year rounders will have biggers trailers and everyone will suffer with little or no electric or water.I rather pay for my own electric put a meter up on my lot.I got a chance of getting anew meter before we can actually order the proper grade wire.
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