Recovering fees at closings

I am president (and currently acting treasurer)of a small (21 unit) homeowners association. It is all volunteer. We have a unit that is past due for over 3K. I received a call from a realtor today, who says they have an offer on the property. What do I need to do to make sure the past due fees will be paid to us on closing. We are in the Minneapolis (MN) area.

John if you have not placed a lien do so tomorrow. This is very important to recoup the HOA money. I believe in MN you have a similar statue as we have now in FL. All unpaid assessments, fees, and fines are jointly and severally liable with the new owner. The HOA should also prepare an Promissory Estoppel certificate (you can probably download a form). This is the HOA defense that the homeowner owes the HOA for these assessments. This document will have to be given to the agent for the closing.

John:

Your closing statement of fees should reflect the assessments due, late fees, any attorney fees, membership fees and or transfer fees related to that unit. The closing attorney will collect the funds at closing for the HOA.