| IT'S NOT PERSONAL... |
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IT'S BUSINESS.... The current economic downturn has affected many associations in a personal way. Unfortunately we are seeing some of our neighbors and friends going through financial difficulties and unable to pay maintenance fees and/or their mortgage payments on time. It is difficult to separate personal feelings and sympathy for Community Members, but it has to be remembered that a Condominium Association is a BUSINESS that must treat delinquent accounts like any other efficient, professional entity would. Florida Statutes and Condominium Documents have specific collection procedures. With the currnet foreclosure crisis it is more important than ever for condominium associations to stay on top of delinquencies. The Florida Statutes require us to send "Intent to Lien Notices" 45 days in advance of legal action, even though this is very difficult to do with friends and neighbors. The notice must be mailed via certified and regular mail. The vast majority of our homeowners have an excellent payment history. You may have been traveling and missed the maintenance fee bill. Please don't misinterpret a letter from your Association reminding you to pay. You may think it's a harsh communication but please remember it's not personal: It's BUSINESS and it's the Associations most critical obligation. |