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…
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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…
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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…
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