For the safety of our clients, we are available for virtual meetings via Zoom.

Pratt & Associates

  • Home
  • Practice Areas
    • HOA Law
    • ADR, Mediation, Arbitration
    • Real Estate Litigation
    • Easement, Encroachment, & Boundary Disputes
    • Real Estate Transactions
    • Construction Law
  • Our Attorneys
    • Sharon Glenn Pratt
    • Rosalia Burgueño Tapia
    • Patricia A. Wendleton
    • Pierce Gore
    • Grant Turner
    • Christopher W. Loweth
  • About Us
  • Testimonials
  • Blog
  • Contact
408.369.0800
  • Home
  • Latest News
  • Delinquent Dues During the COVID-19 Pandemic
 

Delinquent Dues During the COVID-19 Pandemic

Delinquent Dues During the COVID-19 Pandemic

by Pat Geddie / Monday, 11 January 2021 / Published in Latest News
HOA attorneys

As the COVID-19 pandemic continues into 2021, many people are still facing continuing financial struggles. Condo and homeowners can easily be included in those dealing with unemployment, underemployment, business failures or underperformance, medical bills, and more. When dealing with any of these, it is easy to imagine how people can fall behind on their HOA obligations.

What should HOAs do? After all, the association must pay its bills whether or not there is a pandemic. Should HOAs initiate foreclosure actions to stay current on their obligations? Are there other options?

There are options to ensure the HOA gets paid that do not involve foreclosing on one or more homeowners. For example, an HOA can place a lien on the properties that are delinquent to ensure payment without foreclosing. The HOA can suspend any foreclosures until owners are able to return to work, and the HOA can negotiate payment plans with delinquent owners. If owners still will not catch up after they are earning income again, then discuss the HOA’s next steps with an experienced attorney.

If delinquent accounts might tighten the HOA’s cashflow, the board might borrow the funds from reserves for the time being. In California, boards can do this with a membership vote. The board must either repay the borrowed funds back to reserves within one year or even decide to delay repayment if the board finds that a temporary delay is in the best interests of the HOA.

Contact an HOA Lawyer in California

In these difficult times, HOA boards should be aware of their options aside from foreclosure when members fall delinquent due to temporary job loss or other pandemic-related financial circumstances. Never hesitate to seek advice and assistance from the California HOA attorneys at Pratt & Associates. Contact us online or call 408.369.0800 to discuss your situation.

Tagged under: HOA attorneys, HOA collections attorney
  • HOA Law
  • ADR, Mediation, Arbitration
  • Real Estate Litigation
  • Easement, Encroachment, & Boundary Disputes
  • Real Estate Transactions
  • Construction Law
Get a case evaluation.
Call now 408.369.0800
Sharon G. Pratt
Rated by Super Lawyers


loading ...

Best Real Estate Lawyers in San Jose
Echojournal Cover Issue 1
CONTACT US

Call us at 408.369.0800 or fill out the form to schedule your consultation.

CONTACT US

408.369.0800 - Phone
408.369.0752 - Fax

CONTACT US

408.369.0800 - Phone
408.369.0752 - Fax

OFFICE LOCATION

634 North Santa Cruz Avenue Suite 204
Los Gatos, CA 95030

OFFICE LOCATION

634 North Santa Cruz Avenue Suite 204
Los Gatos, CA 95030

  • Home
  • Practice Areas
  • Our Attorneys
  • About Us
  • Testimonials
  • Blog
  • Contact
Copyright © 2021 Website design by FirmFinder
TOP