Tag Archives: delinquency

Is foreclosure best option to get debt paid?

by: Mike Hunter

mike_hunterCharlotte attorney Michael Hunter specializes in community and condominium association law for the firm of Horack Talley.

Q. It seems in today’s economy that a lot of HOA foreclosures don’t result in a collection of the debt owed to the HOA. The owner either abandons the property, or the HOA lien is extinguished by the foreclosure of a superior deed of trust to a mortgage lender. It seems the HOAs rack up a lot of fees to foreclose against homeowners that are going to walk away from the debt one way or the other. Is there a better option?

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Billing and Collections

Billing and CollectionsBilling_Collections

 Comprehensive, efficient and systematic collections process

  • Embedded best practices from the collections industry
  • Monthly Account Statements via US mail or eMail
  • Works in conjunction with the community's specific collections procedures and collections attorneys
  • Collection process is systematically more aggressive as the delinquency continues
  • Minimizes expenditures for collection...
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eManageSuite Billing and Collections

eManageSuite

Billing and CollectionsBilling_Collections

 Comprehensive, efficient and systematic collections process

  • Embedded best practices from the collections industry
  • Monthly Account Statements via US mail or eMail
  • Works in conjunction with the community's specific collections procedures and collections attorneys
  • Collection process...
Read more