Best practices for collections during the pandemic


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 [...]