Deliquency pocess for unpaid dues

Started by MikeC11 • 1 replies • 1230 views

💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

⚡ Takes 30 seconds

Already a member? Log in

MikeC11 (North Carolina)
Posts: 10

Posted:

What is the typical process for handling a homeowner who is deliquint on their dues. Couold you give me the step by step process. Notification, time frames etc. Thanks

GlenL (Ohio)
Posts: 5,491

Posted:

Mike you should have a written collection policy which should be given to all homeowners so that everyone knows what will happen and when; it should conform to your CC&R’s and NC law. We add a late fee after 15 days, file a lien at 90 days and start foreclosure proceedings after 120 days. When it is turned over to the attorney at 90 days he adds his fees and costs to the bill and when it gets to the foreclosure stage we can ask the court to appoint a receiver and collect rent from the owner of the foreclosed property.

Studies show that 5 out of 4 people have problems with fractions

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

✓ Ask follow-up questions
✓ Share your experience
✓ Get expert advice
✓ Access 350,000 discussions

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here