Collection Attorney
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Homeowner Associations Face Collection Problems
Many Arizona homeowner associations are faced with a very serious situation. Many homeowners are not paying their monthly assessments. In January 2009, the situation is not improving. Many of the persons not paying their HOA assessments are the same homeowners no longer paying their mortgage payments.
Unfortunately, associations that are experiencing the worst pains are those that experienced heightened sales activity during the heyday of easy mortgages. One association we are familiar with is the victim of bad timing. The developers completed construction just as the mortgage qualification process … Continue Reading