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5/14/2018 12:18:21 PM
 
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Section 5: OPA Board Subject: Great Expectations & Potholes Msg# 1013615
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In the Parke we arranged with three homeowners to have one year payment plans and did not file liens. They have not missed a payment.
Why risk not filing a lien? Could cost the association money. HOAs should not be debt holders for association members. |
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For reference, the above message is a reply to a message where: Every property with a past due assessment gets a lien filed, regardless of payment plans. Payment plans only mitigated a personal judgement on the property owner. Any title company would validate the liens prior to settlement. Thanks for the info Brett. In the Parke we arranged with three homeowners to have one year payment plans and did not file liens. They have not missed a payment. For the group, and while we are discussing money, here is some info taken from the last Board meeting: As of January, OPA has 235 delinquent accounts, with 137 in the current year. 84 accounts are with attorneys, 14 with payment plans and 137 liens have been filed. Since May 2017 (about a year), our Bethesda legal firm has recovered $278,729.00. There were 95K in legal fees, $4K written off and the rest paid off by the homeowner in the settlement. Tom |
| Calendar |
Special Board Meeting - Board Room
11/21/2024 - 7:00 P.M. 3 days or less away! |
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OPA Board Meeting - Golf Clubhouse
11/23/2024 - 9:00 A.M. 3 days or less away! |
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OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
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OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |