The Extraordinary Remedy of Receivership
Courts many times have characterized receiverships as a drastic, extraordinary remedy. They have called it a powerful weapon that should be used sparingly and only where clearly necessary. It follows naturally from this common judicial view that an association should carefully approach the question of whether the uncommon remedy of a receivership should be used as a collection tool. A careful analysis and review of the facts and circumstances of any collection matter should be performed so that the association can make an informed decision about whether to pursue this extraordinary measure. Click here to read more.
SWOT Analysis: An Excellent Tool for Association Planning
As associations continue to grow, boards of associations are quickly learning that taking the time to plan two to five years in advance is a great investment of time and resources. An important part of the planning process is a scan of the internal and external environments - otherwise known as a "SWOT" analysis. What makes SWOT particularly powerful is that, with a little thought, it can help you uncover opportunities that you are well placed to exploit. And by understanding the weaknesses of your association, you can manage and eliminate threats that would otherwise catch you unaware. Learn more.
Assignment of An Association's Lien In Foreclosure
In the current market, many associations do not have the financial resources or the desire to own properties within their community that are going through foreclosure. This article explores some of the benefits of assigning an association's lien to a third party investor which can help the association to recover more of the debt owed including unpaid assessments, fees, and attorney fees and costs.
Most of our articles are PDF and you must have Acrobat Reader to open them. If you do not have Acrobat Reader, please click below to download it for free.
