Unresolved common charge and assessment debts jeopardize essential services. Collection and foreclosure efforts help restore financial order, compel compliance with obligations, and preserve the long-term viability of community governance and shared resources.
Liens as a Tool for Enforcing Payment
If a unit owner falls behind on assessments, the association can place a lien on the unit. This limits the owner’s ability to sell or refinance until they pay the outstanding balance, securing the board’s interest.
Why Foreclosure May Be the Solution
In many cases, filing a lien is only the beginning. To truly collect, the association often needs to move forward with foreclosure proceedings, which function similarly to mortgage foreclosure and result in stronger enforcement.