Month: June 2020

I recently explained how lucky the banks are when they foreclose on a unit or a home and take back ownership.  The law protects them, and despite how much the unpaid condo or HOA assessments are, the bank is only responsible for the lesser of one year of assessments or 1% of the mortgage.  Many…

So here is what you need to know in a nutshell: Mortgage defaults are soaring.  In fact, homeowners stopped paying mortgages in record numbers in April.  It was the largest one month increase ever recorded. Under Florida law, that spells financial disaster for our condos and HOAs.   Keep this in mind as you read…

So this blog will discuss the collection process from the association’s perspective.  It will tell you what the association must do if it wants to attempt to collect from an owner who is not paying their assessments.  It does not tell you what to do if the bank already started foreclosure proceedings or if the…

In a few days it’s July 4th.  Our country’s birthday.    USA flags will be flying everywhere, even in our community associations and even if the Board in that association says take it down.  With the political upheaval sweeping the country, this year I anticipate receiving complaint about owners or renters displaying flags that are not…

Sorry, but I’m just not interested this week about blogging about condos or HOAs.  Not with the devastation I see on my TV.  Not with the destruction I see to the city I grew up in.  This week, we have larger, national issues to focus on. It simply bothers me when people post that our…