Delinquent Dues Payment Process

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Presentation transcript:

Delinquent Dues Payment Process Mgt. Co. End Start Yes Paym’t Rc’d? No Has 30 Days Passed? 1st Notication ?? Yes Property Owner Yes No 2nd Notication ?? No Yes No 3rd Notication ?? Yes Lawyer Go To Page 2

Lien Process Lawyer End Court Lawyer Has Property Owner Made payment w/in 30 days ?? Lawyer From Page 1 Send Notification To Property Owner Yes End No Process Lien Paperwork Court Has Property Owner Made payment w/in 30 days ?? Property Owner Notified Yes Does BODs want to renew the lien after 3 years ??? No Yes Does BODs want to Proceed w/ Foreclosure ??? No No Lawyer To Page 3 Yes

Foreclosure Process Lawyer Lawyer End End Case 2 Case 1 Is it a house or Property ??? Is the Property wholly owned ??? Lawyer From Page 2 Property Mortgage Co Process Foreclosure Paperwork No House Yes HOA can not proceed w/ Foreclosure on a Primary Residence Lawyer Process Foreclosure Paperwork Legal fees & back dues are not refundable But new dues are End End Owner buys back property ??? Legal & late fees + back dues are refundable Yes No Courts Can go either way Case by Case basis Previous property owner Receives some Compensation & HOA receives all expenses + some compensation Mgt. Co. /BODs Gets all proceeds From the sale Case 2 Case 1 Case 1