Assessments Collection During a Recession

Community associations have never faced the current amount of delinquent assessments and mortgage foreclosures. Unlike the federal government, an association cannot print more money. Yet, the annual budget is still calculated based on 100% participation. 

Increase Revenues Without Raising Dues

Raising annual assessments is one of the most unpopular actions taken by an association board... maybe even more so during these difficult economic times. Following are five ways for an association to increase revenues without raising dues. 
Rome & Goldin, P.C., Attorneys practices in the area of community association law and offers deferred payment of attorney fees for most collection services until the funds to pay for them are collected from the delinquent homeowner.
Legal Advice & Collections of Assessments Contact Information

We charge a low annual fee of $650 for legal advice. By utilizing email responses, we keep down the cost because it is much more efficient than letters and phone calls. The other advantage to email over phone consultations is that the Board has our advice in writing, and can retain copies of the emails in the Association records.

Although our collection fees are incurred at the time of service, the bulk of the fees are not payable by the association until the funds are collected from the delinquent homeowner. In this way, the association does not throw good money after bad, and the burden for the attorney fees is effectively shifted from the homeowners who pay on time to the delinquent homeowner. We do not receive a portion of what is owed to the association for delinquent assessments, but rather the attorney fee is added to what the delinquent homeowner owes. Property managers and Board members are able to directly view the detailed status of legal collections online using our ReadyCollect service. To see a copy of our Agreement click here.

 

Mailing Address
Rome & Goldin P.C., Attorneys. 707 Whitlock Ave., Suite E-15 Marietta, GA 30064 map

Phone
(770) 428-6002

Fax
(770) 428-6003

Email
info@hoa-attorneys.com


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