With an Association delinquency amount of $71,000 or approximately 16% of the Beckett Ridge membership, the Board decided it was time to look at their collection options.
It was obvious most delinquent owners were ignoring the monthly late notices. Small Claims Court had collected several thousands of dollars but the per Owner collection costs were expensive.
The Board decided to hire a collection agency. In June, 83 delinquent owners were turned over for collection. Through the end of August, this method has collected over $9,000 that was due the Beckett Ridge HOA.
Any delinquent owner who has not paid in full or set up a payment plan has been reported to the credit bureau agencies.
The board will review the remaining delinquent accounts and likely will put together another group for Small Claims Court.
As a reminder, any unpaid Association fees (assessments, late fees, legal fees, etc.) wil be added to the 2012 assessment when those invoices are mailed out in December. Assessments will be due on January 31, 2012 and must be posted to your account by the due date. If you do not receive your invoice by January 1, 2012 it is your responsibility to contact Towne Properties.
