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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]
The story of Army Capt. Michael Clauer's family, whose Frisco, Texas home was sold out from under them after his wife failed to pay -- or sporadically paid -- their homeowners association dues ...
Sample dunning record, from a 1913 business manual. Dunning is the process of methodically communicating with customers to ensure the collection of accounts receivable . Communications progress from gentle reminders to threatening letters and phone calls and more or less intimidating location visits as accounts become more overdue .
Those delays ended up costing Gibbons her home. Out of the blue, she received a notice of foreclosure by her HOA, plus a bill for $34,000 in late fees, interest charges and, ultimately, attorney fees.
You typically see these fees in newer developments where the HOA provides basic services and enforces the bylaws that all buyers must agree to when purchasing the property. The national average ...
Receiving numerous cease and desist letters may be very costly for the recipient. Each claim in the letters must be evaluated, and it should be decided whether to respond to the letters, "whether or not to obtain an attorney's opinion letter, prepare for a lawsuit, and perhaps initiate [in case of letters regarding a potential patent infringement] a search for alternatives and the development ...
Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
After these letters have served their original purpose, a letter collection gathers them to be republished as a group. [1] Letter collections, as a form of life writing, serve a biographical purpose. [2] They also typically select and organize the letters to serve an aesthetic or didactic aim, as in literary belles-lettres and religious ...
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