Super Priority Lien Basics

October 13th, 2010
Posted By
Valerie Farris Oman
A lien is a document that records a debt, using a condo unit as collateral for the debt. Ordinarily, a lien against real estate has “priority” based on the date the lien is recorded. Once a lien is recorded, it becomes next in line to any liens p… Read More
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Categories: Collections
Tags: assessments, collections, condominium act, horizontal property regimes act, lien priority, new act, old act, super priority lien

The Carrot Approach to Collecting Assessments

August 26th, 2010
Posted By
Valerie Farris Oman
Association attorneys can talk all day long about the “stick” approach to collecting delinquent assessments, because that’s what we do – we get involved after a delinquency already exists. However, the “carrot” approach to collecting asse… Read More
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Categories: Collections
Tags: assessments, carrot and stick, collection, collections, delinquency, policy, voluntary compliance

Good Policies Mean Good Collections: Making the Most of Delinquent Assessments

July 8th, 2010
Posted By
Valerie Farris Oman
We recently had an article published in the May/June 2010 editions of the Community Associations Journal, published by the Washington State Community Associations Institute. The article discussed our belief that adopting, understanding, and consisten… Read More
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Categories: Collections
Tags: assessments, collection options, collection policy, collections, delinquency