Recouping Unpaid Assessments - A New Approach

Written By: Isaiah A. Fishman

The recent recession has caused many condominium and homeowner associations to struggle with unit owners who refuse to pay their assessments. After all, from the point of view of a unit owner facing a foreclosure or going through bankruptcy, paying the condominium or homeowner association assessments is low on their list of priorities, especially since they do not expect to be a long term resident.