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Company and educational updates from the team leading the way in association collections. Subscribe below to get email updates for insights on collections, industry changes, and best practices for your communities.

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Bursting Your Bubble?

Bursting your bubble? What if I told you that inflation was at 5.6%, gas was averaging $4.11 per gallon, and house prices had risen dramatically?  No big deal, right?  We are working our way through it… but those statistics are
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Foreclosures Increase as Moratoriums Expire

As we indicated in our August 9th, 2021 article, owners could still request COVID mortgage relief through September 30th, potentially extending forbearance until March 31st, 2022. In a recent article from DS News, the trend in active forbearance plans continues
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Foreclosure Despite Positive Equity

CNBC published an interesting article last week. Here are the key points, verbatim.  See if you can find the one that grabbed my attention: • Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage
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Vaccinate Your 2022 Budget

VACCINATE your 2022 budget Good News:  We are exiting the pandemic!  Many have found new freedom in their work routine, increased wages, higher home values, and healthy stock portfolios. Bad News:  Some have really struggled, and the programs that helped
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Expiration of Moratoriums

Expiration of Moratoriums (and what it means for community associations) The Federal moratorium on evictions and foreclosures expired July 31, 2021.  While this rule was specifically for federally backed mortgages, many other mortgage providers and agencies, including condo/HOA collectors, were
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COVID Relief and Artificial Ignorance

I have marveled at the way our economy has remained relatively healthy throughout COVID. Many of us expected a much more significant downturn, but some industries have actually prospered. Much of this can be attributed to the significant stimulus from
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Headed Toward a Cliff: Losing Your FHA Eligibility

I am surprised that I have not heard more about the risk of communities losing FHA eligibility amidst COVID-related delinquencies.  According to a recent article from CAI, the FHA will not secure mortgages in communities with greater than 10% delinquency. 
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RFP for Collections

GET YOUR FREE TEMPLATE TODAY! It’s completely free – and we only need your email address to send it over! When I owned a property management company, we went to great lengths to standardize our bidding processes.  We created online
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Texas Legal Update

As we have been discussing in previous legal updates, foreclosure during the pandemic has been a difficult decision for boards. They are facing the challenge of honoring their obligation to pursue past due assessments timely while balancing the importance of
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