Our development is only 1/3 built (37 total) but no new condos have been built in over two years. The developer may or may not complete the remaining units. He was forced by the declarations & by-laws to turn the association over to newly elected board in August. I am the new treasurer. Our financial condition is poor. We raised assessments and have begun to collect on three delinquent owners to increase cash flow. A 4th unit is also delinquent but is now owned by FHLMC (Freddie Mac). My question is how do we get FHLMC to pay their assessments? They are receiving some of the benefits as members of the association but are not paying for it.