the preceding article reviews the problem with hoa defaults in ca. -- sounds a lot like la -- but la has a lot more defaults than it should have -- i believe that the last stated number was 100+ members not paying -- that is unacceptable and this bod needs to consider a better approach to this problem then just carrying these properties for years and having everyone else pay their way-- a collection agency can go after delinquent payments and follow up with filing liens and reporting these delinquent members to the various credit rating agencies -- these people aren't concerned about the financial welfare of the community assoc and therefore the assoc should not be concerned about the consequences of the credit rating being dinged up -- even if la gets nothing financially out of this action it is worth it to send a message that la will pursue all methods to collect defaulting fees and that will lead some to either pay up or perhaps sell their properties -- any way that these non paying members are removed is beneficial to the community--a difficult financial environment may be just around the corner and the bod should prepare to take strong action to go after defaulting members and the fees or else they will be looking for a special surcharge to cover the operating expenses to operate la --that will be bad for the bod
WE'RE MOVING TO A NEW ADDRESS !!!!!!
YES I HAVE MOVED THE BLOG TO A NEW ADDRESS AND HAVE A NEW NAME
STOP OVER A TAKE A PEEK AT THE NEW LOOK!
LAKE ADVENTURE BLOG
http://www.lakeadventureblog.blogspot.com
I WILL CONTINUE TO RECEIVE MY EMAILS AT
lachipper@gmail.com
ubfriend@aol.com
STOP OVER A TAKE A PEEK AT THE NEW LOOK!
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Saturday, November 15, 2008
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