Foreclosed Units Are Accumulating Thousands In Common Charges!

Foreclosed Units Are Accumulating Thousands In Common Charges!

When a condo is abandoned, it can take the bank at least 2 years, or maybe even 3, for the property to be put on the foreclosed auction block before it is even sold. In the meantime, the apartment will accumulate the monthly common charge over a period of time. Once it is sold, there is no guarantee the condominium will ever see that common charge money, even if a lien has been posted against that unit.

Unpaid common charges hurt everybody in the condo community – not to mention the cost of legal fees associated with collecting arrears.

At Precision Management, we have a strategy that is unheard of in this industry. It is the secret solution your Board needs to know to collect back all those unpaid common charge!

Solution