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Receiverships
new option for condo associations As condominium foreclosures have multiplied in South Florida, condo associations have borne the brunt of the problem, with residents left behind forced to pay higher fees to fill the condos' coffers... |
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Complexes
with many deadbeats may lose out on Fannie Mae
Loans Yet another barrier to landing a mortgage after the housing crash: Mortgage giant Fannie Mae isn't buying loans backed by condos in developments where more than 15 percent of unit owners are behind on their monthly fees... |
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Finance:
Cash Advance While other association's were slashing expenses, this condo association chose a different approach. They hired Association Financial Services. |
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When
foreclosure is finished, it's time for neighbors to
pay You pay your mortgage on time, keep your house shipshape and are paid up on all of your condo or homeowners association fees. It is clear you have not contributed to the mortgage mess… |
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Ken Arnold & Alex Moskovitz on PBS's Wealth & Wisdom Television Show |
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Condo
boards innovate to get needed money Company gives associations cash, and then collects the dues. Cash-strapped associations took out loans, raised fees, curtailed services or even fired management companies as past-due assessments piled up... |
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Association's
look to cash advance for help Two years ago, Captiva Lakes Villas in suburban Miami was struggling to pay its water and garbage collection bills, and its condo association was mired in a $60,000 budget shortfall. Like other homeowner associations around the ... |
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Condo
Associations: Caught in the Squeeze Throughout Florida, the number of condominium units in foreclosure is growing... |
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The
Foreclosure Economy: Some businesses turn housing
bust into a boon In South Florida's real-estate gold rush, the promise of instant wealth drew thousands of players into the local housing market. Cheap money flowed from lenders' coffers lubricating a vast matrix of builders, sellers and buyers. No credit, bad credit, no problem... |
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Debt
collection agency targets homeowners associations Association Financial Services, a debt collection agency in Hallandale Beach, is taking on a market niche, soliciting homeowners associations where a lack of payments could force them to cut services or raise fees for paying members... |
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Company
makes money collecting what homeowners
association's can't Homeowners associations plagued by deadbeat owners face little choice but to cut services or raise fees to cover people who aren't paying... |
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Financing
firm offers option for struggling homeowners
associations An upstart firm based in Hallandale Beach offers associations a new option...“It gives the association a hell of a lot of breathing room.”... |
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Before
buying into a multifamily residence, research the
ins and outs of the homeowner's association How well do you know your prospective homeowners association? |
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Association's
grappel with economic downturn...may
overassess by 10 to 20 percent The souring economy has condo and homeowner associations facing the same problem as many owners: less money... |
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Skipped
dues crunch home associations A modest housing tract, set amid pecan trees here in suburban Phoenix, faces big problems: About 40% of its homeowners aren't paying their association fees, leaving neighbors with higher assessments and reduced services... |
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Cash-Strapped
boards must be creative in finding ways to
keep condos running With dozens of owners in the 449-unit complex in the West Kendall area of Miami-Dade County failing to pay their maintenance fees, the board has struggled to find enough cash to keep the complex running properly.... |
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When
Normal is Best: How an Accounts Receivable
Servicing Firm Can Help Your Community There’s no doubt that these are tough financial times for condominium and homeowners associations... |
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Condo
association's go with the guaranteed monthly cash flow A trio of young executives has developed what they call a breakthrough business: guaranteeing on-time payment of condo and homeowners fees to associations... |