Tag Archive: assessments

Super Priority Lien Basics

A lien is a document that records a debt, using a condo unit as collateral for the debt.  Ordinarily, a lien against real estate has “priority” based on the date the lien is recorded.  Once a lien is recorded, it becomes next in line to any liens previously recorded – first come, first served.  This…

The Carrot Approach to Collecting Assessments

Association attorneys can talk all day long about the “stick” approach to collecting delinquent assessments, because that’s what we do – we get involved after a delinquency already exists.  However, the “carrot” approach to collecting assessments – essentially preventing or at least reducing delinquencies – is equally important and can save associations a lot of…

Good Policies Mean Good Collections: Making the Most of Delinquent Assessments

We recently had an article published in the May/June 2010 editions of the Community Associations Journal, published by the Washington State Community Associations Institute.  The article discussed our belief that adopting, understanding, and consistently enforcing a clear collections policy can mean the difference between successfully collecting money owed to your association, or not. Please follow…

Tag Archive: assessments

Super Priority Lien Basics

A lien is a document that records a debt, using a condo unit as collateral for the debt.  Ordinarily, a lien against real estate has “priority” based on the date the lien is recorded.  Once a lien is recorded, it becomes next in line to any liens previously recorded – first come, first served.  This…

The Carrot Approach to Collecting Assessments

Association attorneys can talk all day long about the “stick” approach to collecting delinquent assessments, because that’s what we do – we get involved after a delinquency already exists.  However, the “carrot” approach to collecting assessments – essentially preventing or at least reducing delinquencies – is equally important and can save associations a lot of…

Good Policies Mean Good Collections: Making the Most of Delinquent Assessments

We recently had an article published in the May/June 2010 editions of the Community Associations Journal, published by the Washington State Community Associations Institute.  The article discussed our belief that adopting, understanding, and consistently enforcing a clear collections policy can mean the difference between successfully collecting money owed to your association, or not. Please follow…