2011 Financial Forecast


Assessment collection tips for community associations. Lender foreclosure delays contribute to continuing rise in delinquent assessments for condominimium, homeowner associations and housing cooperatives in 2011.

Although association boards of directors cannot prevent delinquent assessments, planning ahead to address the expected increase in the number of delienquent owners can cushion the financial impact on the association.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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