Tag Archives: ability

FORECLOSURE as a last resort

Nobody wants to foreclose on a home – not a mortgage banker and certainly not a community association.  Countless Americans lose their homes when lending institutions are unable to collect mortgage payments.  In a perfect world, no one would ever face foreclosure – for any reason.

That’s why foreclosure should always be used as a last resort, applied only when the association has exhausted all other collection options, and only when a homeowner refuses to remedy a significant debt to the association.

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Lead the Way

What makes a good leader?  That’s hard to say.  Certainly, Community association Board presidents need to be organized.  They have to be willing to sacrifice some of their free time for Board business.  But they also must be able to move others to work toward a common goal – for free, of course.  For that, they need passion and vision.

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