What happens if my account is delinquent and I don’t respond to the letters or the collection attorney?
The goal of every association is to preserve the value of the community’s assets and the property values for each homeowner. When assessments go unpaid, homeowners are negatively impacted because the financial responsibility of the community are equally shared among all neighbors. Delinquent accounts can mean unpaid bills and put the community in jeopardy. Rules and regulations in the community can dictate strong fines for compliance and delinquent accounts.