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COVID-19 and HOAs

2020-07-24T14:17:03-05:00

By Bruce Jenkins, Attorney, Jenkins Bagley PLLC The COVID-19 pandemic has impacted the physical and emotional well-being of people across the world. People living in homeowner associations are obviously not immune. Federal, state, and county regulations are proliferating in an effort to slow the spread of the virus. People have lost their jobs and face significant challenges. The strains placed upon individual owner’s finances will ultimately place a strain on the association’s finances. It is often said assessments are the life blood of the community associations. These assessments are utilized to deliver essential services in maintaining the health, welfare, and condition [...]

COVID-19 and HOAs2020-07-24T14:17:03-05:00

Best practices for collections during the pandemic

2020-07-24T14:17:38-05:00

By John Richards, CCAL; Attorney, Richards Law PC As it pertains to the HUD issued Mortgage Letter 2020-04, Homeowners Associations, and the foreclosure moratorium I will do my best to address it here. It is up to the HOA to decide how they want to proceed during this challenging time.  HOA dues are not included as part of the moratorium on Federal Housing Administration (FHA) backed mortgages or loans. This is simply because the protections recently granted apply only to federally backed loans – which HOA dues are not. However, best practices for our industry may yield a different result.  A [...]

Best practices for collections during the pandemic2020-07-24T14:17:38-05:00
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