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By CondoAssociation.com • November 19, 2016

How to build a HOA re-payment plan for delinquent owners

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.

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
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