Why risk not filing a lien? Could cost the association money. HOAs should not be debt holders for association members.

In 2017, we became extremely aggressive with delinquencies. My reasoning was this, how can the Board ask homeowners to pay a higher monthly assessment when we have not done all we can to collect from those owing us money?  We consulted with counsel and changed some of our by-laws, because simply, delinquent letters from HOAs usually fall on deaf ears.

We had our attorney file several liens, and miraculously, most paid in full.  The surprise was that the HOA gained a serious amount of unexpected $ in fees and interest.

However, we were small enough to consider the extenuating circumstances of three homeowners and gave them a break. Not all five Board members agreed in the approach, but the majority ruled. A new Board was put in place on May 3 and that Board will choose their own course of action going forward.

Tom