December 2007
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CONTENTS
Majority Rules: But what if the minority won’t stop fighting?
Changes To Colorado's Foreclosure Law Taking Effect January 1, 2008
Association Checklist to Ensure Receipt of Notices of Foreclosure
Bankruptcy and Collections: What you need to know
Association Checklist to Ensure Receipt of Notices of Foreclosure

In order to ensure your community association receives notices of foreclosures on homes located in your association, your association should ensure that:

 

ü      A determination is made where the association would like to receive notices of foreclosure.  (Associations typically prefer the association's management company or legal counsel to receive such notices.)

ü      The liens your association records for past due assessments include the address or addresses where your association would like to receive notices of foreclosure.  We recommend you always include your attorney's address even if the lien also references your management company's address.

ü      A notice of address is recorded in the public record at the Clerk and Recorder's Office of the county where your association is located that provides notice of the address per the Declaration where your association will receive notices of foreclosure.  You can contact us at hoalaw@hindmansanchez.com to request a free form to use for this.

 


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Published by HindmanSanchez P.C.
Copyright © 2007 HindmanSanchez P.C.. All rights reserved.
These materials have been prepared by HindmanSanchez P.C. for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel. Please do not send us confidential information until you speak with one of our attorneys and get authorization to send that information to us. If you wish to initiate possible representation, please contact Loura Sanchez.
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Additional Resources:  The Community Associations Institute (CAI) is a nonprofit organization that provides education and resources to community associations. To find out more about CAI visit www.caionline.org
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