Sunday, February 08, 2009

Foreclosures bringing bad debt - Home & Garden - MiamiHerald.com

Foreclosures bringing bad debt - Home & Garden - MiamiHerald.com: "In uncomplicated words, you assess the remaining members their share of the special assessment and then you take the bad debt and assess the members for the shortage. You must assess the foreclosed unit along with the other units. Then you treat the unpaid as a bad debt."
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And that's how you do the Special Assessment Pokey.

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