A few months ago the members of our H.O.A. were asked to vote on two amendments. Both related to "bad debt." Both were recommended by the attorneys recently hired by the Board of Directors. One passed. One failed.
The Law Firm that "We" hired is Goede and Adamczyk. Our Board asked this firm to pay special attention to unpaid Association Fees or monthly maintenance dues. This is roughly $250.00 per month per home.
When someone does not pay their dues, it is the remainder of the community that picks up the cost. We see these costs added into our budget. On an individual basis the cost is low, but the trend is going up. The focus on collections is wise.
Since the above mentioned firm was hired we have recouped $118,769. 66.
This is "Our Money" and it is nice to see it coming back to us. This is a positive for our community.
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