We understand that uncollected assessments and other fees can place a huge burden on an association and its members, but Equity Management offers a multistep process to assist your association in a cost-effective manner with the successful collection of past-due assessments.
Our collections services include:
Sending an initial letter of delinquency. We send an itemized letter to each delinquent homeowner.
Notice of intent to file lien. Upon Board approval, Equity Management will submit a letter to the delinquent homeowner informing the homeowner of your association’s intent to file a lien against their home if appropriate payment is not received within 30 days.
Filing the lien. Equity Management in coordination with lien services and/or attorneys will prepare the lien and account.
Preparing and delivering materials. Upon Board direction, Equity Management will prepare the account materials and deliver them to your preferred lien service provider or collection agent to move forward with advanced collection proceedings.
