Delinquent Dues Payment Process Start Paym’t Rc’d? Yes 1 st Notication ?? 2 nd Notication ?? 3...
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Delinquent Dues Payment Process Start Paym’t Rc’d? Yes 1 st Notication ?? 2 nd Noticati on ?? 3 rd Noticat ion ?? Yes Yes Yes Has 30 Days Passed? Yes No No No No Lawyer Go To Page 2 Property Owner End Mgt. Co.
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Transcript of Delinquent Dues Payment Process Start Paym’t Rc’d? Yes 1 st Notication ?? 2 nd Notication ?? 3...
Delinquent Dues Payment Process
Start
Paym’t Rc’d?Yes
1st Notication
??
2nd
Notication
??
3rd
Notication
??
Yes
Yes
Yes
Has 30 DaysPassed?
Yes
No
No
No
No
LawyerGo To Page 2
Property Owner
EndMgt. Co.
Lien Process
LawyerFrom Page 1
Send Notification To
Property Owner
Process Lien Paperwork
Has Property Owner Made payment w/in
30 days ??
EndYes
No
Property OwnerNotified
Court
Has Property Owner Made payment w/in
30 days ??
Yes
Does BODs want to Proceed w/Foreclosure
???
LawyerTo Page 3
NoDoes BODs want to
renew the lien after 3 years
???
Yes
Yes
No
No
Foreclosure Process
LawyerFrom Page 2
Is the Property wholly owned
???
Mortgage CoProcess Foreclosure
PaperworkIs it a house or Property
???
No
YesHouse
Property
EndHOA can not proceed w/
Foreclosure on a Primary Residence
Legal fees & back duesare not refundable
But new dues areEnd
Owner buys back property
???
LawyerProcess Foreclosure
Paperwork
Legal & late fees + back dues
are refundable
Yes
CourtsCan go either way
Case by Case basis
No
Mgt. Co. /BODsGets all proceeds
From the sale
Case 1
Case 2 Case 1
Previous property ownerReceives some
Compensation & HOA receives all expenses
+ some compensation
