A condominium association in Milwaukee has historically faced heavy delinquency issues. Through The Condominium & HOA Law Team’s assertive collection methods, the firm collected more than $290,000 in assessments, interest and legal fees for the association since 2013. A substantial portion of the $290,000 resulted from the sale and/or rental of 10 units that became owned by the association. In addition to selling the units free of mortgage obligations, the association was able to rent multiple units prior to relinquishing ownership through mortgage foreclosures, recouping not only the legal fees associated with taking ownership of the units, but also the delinquent assessments, interest and late fees.
Lesson: With the right attorneys, sometimes an association can obtain ownership free and clear of any liens or mortgages, including substantial first mortgages.
A collection attorney who specializes in condominium law can best pursue all the remedies allowed the association under the governing documents and state law. The HB Condo & HOA Law Team has a proven collection strategy. Since 2012, our team has collected over $9 million in dollars and property.
