HOA boards must keep finances stable at any cost | MyDesert.com | The Desert Sun: "It is true that even though owners may be about to lose their homes due to a variable rate loan gone crazy, they still owe their HOA fee, and that bill should be paid. Sadly, most who are about to lose their home don't have much interest in maintaining the association or its community.
The board of directors of an association with delinquent owners has a duty to place a lien on those units owned by anyone who fails to pay his or her maintenance fee on time. This is done in accordance with a delinquency policy established in the association's governing documents. Unfortunately, this is not inexpensive. The cost of collection is billed to the delinquent owner, but actually making that collection can be difficult. In the end, uncollected delinquencies are made up by increased fees to the rest of the owners."
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Nice headline. At any cost...to the owners. Notice how quickly this property manager jumps to placing liens on all delinquent owners ASAP.
4 comments:
This is the danger of recognizing these "professionals" as stakeholders. They are not stakeholders in one's home anymore than a mortician is a stakeholder in one's healthcare.
What an interesting Valentine's Day proposition - placing liens on homes.
Perhaps the "professional" property manager should recommend cutting expenses instead of threatening residents with the loss of their homes in order to sustain services the residents clearly don't want and aren't interested in supporting.
CID managers are stakeholders in the larger scheme of local government privatization and public policies in support of same.
It appears, from the many made homeless, in one of these groups, that liens in the way of fabricated offenses, or questionable assessments, and attorney fees are the liens being enforced, that are the tool to foreclose upon any unsuspecting homeowner. Doesn't seem legal!
Why do papers even print this self serving nonsense? I wrote to all the papers that carried Richard White's column after he encouraged forclosure as a remedy to someone one month late on dues.
I have a very entertaining series of emails from him that of course threatened me with legal action for giving my opinion to the papers...
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