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OnDemand Course

Collection Issues for Condominium and Homeowners' Associations

In today's economy many associations are faced with the all too common reality of more and more owners not paying their periodic assessments. On top of that, associations are then faced with the tough decision of deciding how best to address the unpaid assessments and how best to use association funds in pursuing said delinquent amounts. This OnDemand Webinar will address relevant legal issues and practical considerations related to collection issues currently faced by condominium and homeowners' association. This program will provide valuable information to assist associations in navigating through this process. Guidance will also be provided as to the steps and legal options associations are faced with when dealing with a variety of collection issues. Other items discussed will include post judgment relief and the possible legal barriers or pitfalls an association may face in attempting to collect the unpaid assessments.


Runtime: 87 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Collecting Assessments: Legal Rights, Remedies, Procedure and Limitations

  • Laws Governing Assessment Collection Actions
  • Uniform Common Interest Ownership Act
  • Applicable and Conflicting Federal Laws
  • CC&R and Other Governing Documents

Pursuing Owners Personally - the Money Judgment

  • Election of Remedies
  • The Pros and Cons of Collecting on a Money Judgment
  • Money Judgment Litigation: Step-By-Step
  • Money Judgments as Association Assets

Lien Foreclosure

  • The Automatic Statutory Lien
  • The Contractual Lien Pursuant to the CC&R
  • Judicial Foreclosure vs. Power of Sale
  • Lien Priority
  • Notice of Lis Pendens
  • Judicial Foreclosure: Step-By-Step
    • Preliminary Title Review and Initial Demand
    • The Foreclosure Complaint
    • The Answer
    • Default of Disclaimers of Interest
    • Final Judgment
    • The Foreclosure Sale
    • Deed on Upon Foreclosure Sale
    • Reinstatement, Satisfaction and Redemption

Post Judgment Relief

Fair Debt Collection Practices Act

Bankruptcy

Recent Economic Trends Affecting Assessments Collection and Lien Rights

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 18, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Quinten T. Cupps

Sacks Tierney P.A.

Quinten T. Cupps, Esq.

  • Attorney at Shaw & Lines, LLC
  • Practice includes all aspects of community association law, including assessment collection, lien foreclosure, litigation, insurance defense, property taxation and valuation issues, document interpretation and general corporate law, as well as drafting related documents such as lease agreements, purchase contracts, resolutions, etc.
  • Represents or has represented planned communities, condominiums, office condos, timeshares, apartment complexes and owners of single-family residences throughout Arizona
  • Contributing writer of articles published in industry magazines and of materials utilized in instructing community associations managers as well as members of association boards of directors
  • J.D. degree, University of Toledo; B.A. degree, Brigham Young University
  • Can be contacted at [email protected] or 480-214-5505
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 389893
Published 2012
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