Tag Archives: getting

Turnaround Case Study: Venetia Country Club

In just nine months, an association in Largo, Fla., went from more than $350,000 in delinquencies–and near-collapse–to having reserves in the bank. Here, we speak with board member Scott Simms about how Venetia righted its sinking ship by getting non-recourse capital from LM Funding in exchange for giving LM the right to keep interest and late…

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Foreclosure: HOAs Blow Up Mortgages

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Homeowner associations struggle daily with how to pay the bills as more and more HOA fees go unpaid on housing units in or near foreclosure. That means HOA members are left holding the bag for unpaid mortgages in their communities — and end up paying higher fees or getting fewer services.
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