Tuesday, August 31, 2010

Arizona HOAs turn to hardball tactics

Arizona homeowners associations are not accepting a resident's foreclosure as an excuse when it comes to collecting unpaid dues, assessments and fines.
Already forced to raise member dues and cut services to cope with unprecedented delinquency rates, HOAs also are turning to skip traces, collection agencies, process servers and out-of-state attorneys to collect what is owed.

But amid the crackdown, not all debtors are being pursued with equal vigor. The recently foreclosed-on family that lives in the area is far more likely to be subjected to draconian collection tactics than an out-of-state or out-of-country investor.
HOA managers and their critics agree that the system is inequitable. Managers say it's an unfortunate byproduct of their responsibility to get the most out of their collection efforts. Critics say all debtors should be treated equally.


Read more: http://www.azcentral.com/news/articles/2010/08/30/20100830hoa-arizona-service-critics.html#ixzz0y7BmVHzN

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