HELP FOR CONDOMINIUM OWNERS AND ASSOCIATIONS
Kieth, thank you for the following information:
Hello Marki,
In lieu of the real estate market, we’re encountering a plethora of unit owners behind on their homeowner association (HOA) dues. This potentially depreciates the value of the other unit owners who are current because banks will not refinance or lend to other unit owners/buyers when too many units are not making payments. Moreover, if the person is foreclosed, the property may sale for significantly less in the future. And this will negatively impact the value of the other units, widening the gap between what is owed and the property value.
We’ve been 100% successful in having all unit association dues paid in full by executing a short sale for those behind on payments. Additionally, this helps stabilize condominium prices. If you own a condo or know someone who does, and there are certain unit owners who are behind on their respective HOA dues, please contact us. We are willing to come to your next association meeting and discuss ways to salvage, maintain, and improve condominium values. For those out of state, we’d be available for a conference call.
Call us now to assist in making your HOA financially healthy and to protect you condominium value.
Regards,
Keith Fenceroy, JD/MBA
Legal Counsel
