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Assessments form the financial lifeblood of a property owners association (“POA”). In the event that an owner does not pay their assessments, the results can be detrimental to the long-term health of the POA. Therefore, it is important for POAs to begin the collection process in a timely manner. If a board chooses to wait,Read more

The lifeblood of all types of property owners associations (POAs) is the collection of monthly, quarterly, or annual assessments.  Assessments pay for things such as common area maintenance and insurance, amenities like pools, gyms and tennis courts and other responsibilities covered by the POA, so when an owner fails to pay their assessment, it isRead more

There is no denying that the last few years have been challenging. As we continue to see uncertain economic times, property owners’ associations (POA) and their managers could be faced with a multitude of bankruptcy filings from homeowners with past due assessments this year and for years to come. The purpose of this article isRead more

By Clint Brown The bankruptcy process is a complicated set of procedures for all property owners association (POA) directors and community managers. In a prior blog post, we discussed the bankruptcy basics to provide directors and managers insights to navigate this difficult subject. We are going to continue that discussion in this article as weRead more

https://youtu.be/6oLZe23elu4 With COVID-19 Shelter-in-Place Orders firmly in place for cities, counties and the State of Texas, many community managers and board members are asking how bankruptcy is being affected. The short answer is not much. Overall, owners in property owners associations (POAs) experiencing financial difficulty are still filing Chapter 7 and Chapter 13 bankruptcies. BankruptcyRead more