In our HOA, sometimes people who have fallen behind in their assessment payments want to develop a repayment plan. How long do you recommend that they be given to repay-- 3 months, 6 months, 12 months? Any other suggestions for succeeding with repayment plans? In a current case, the owner is several thousand dollars behind. She wants to pay several hundred dollars every month in addition to her assessment and pay off her back assessments in a year. Given her financial situation, I think she could make those payments.
Please drag open the comment box from right bottom corner to make it larger.
Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.