Quote:
Posted By TimB4 on 12/29/2020 5:46 AM
If the $5,700 is for what you owe (and not any late fees), I would say absolutely.
If it includes late fees, I would ask for a meeting - explain the situation and ask that the late fees be waived.
You don't want them to turn the matter over to collections.
Based on my reading about what a bank does when the bank, by mistake does not bill enough to a borrower for a mortgage, I agree with the above. Realistically:
-- I believe the law says PeterG6 does owe this money. (And yes, the HOA staff are jerks for messing this up. Still, from my reading the law is on the HOA's side here.)
-- For PeterG6 to fight so as not to pay any of what the HOA is now demanding, in my experience an attorney would be essential.
-- If PeterG6 has documentation of his attempts to pay each year, then bring this to the meeting TimB4 proposes above.
-- If PeterG6 needs a payment plan, then ask for this meeting and ask for such a plan, explaining the situation.
-- Some banks will be open to settling for less than the amount owed. You could say at this proposed meeting that you are willing to pay $3000 to settle the debt, but you are strapped and cannot pay more, ever. The fault was the HOA's (though again, the law is on the HOA's side here). You are asking for the HOA to own this reality. See what the HOA board says.