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Category: Collections

Polis Issues new Restrictions on Evictions : The Effect on Community Associations

On October 21, 2020 By duponts1 In Association Management, Collections, Industry Events, Interesting News, Public Policy, Uncategorized

Governor Jared Polis reinstated a state eviction moratorium today which further strengthened the national eviction moratorium previously issued by the CDC in September 2020. The CDC action prevented most evictions from moving forward, but provided …

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House Bill 19-1189: Wage Garnishment Reform = Bad News for Associations

On February 25, 2019 By duponts1 In Collections, Legislation

So far, the 2019 legislative session has been fairly uneventful with regards to proposed legislation affecting common interest communities. However, last week the House introduced HB 19-1189 that, if passed, will significantly impact an association’s …

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Alternative Revenue Sources for Community Associations

On August 10, 2018 By duponts1 In Association Governance, Collections

Budget season is still far away for most community associations, however, it is never too early to address how an association can improve its ability to meet current and future financial needs. While regular assessment …

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Affordable Housing Lottery in Upscale Lodo Community

On May 22, 2018 By duponts1 In Collections, Interesting News

A new condominium complex is offering 33 of its one and two-bedroom units for sale at a price that is well below market value in an effort to increase affordable housing in the community. So, …

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Association Loans: Avoiding Default

On May 4, 2018 By duponts1 In Association Governance, Collections

It is not uncommon for an association to take out a loan to fund major repairs or renovations that become necessary in a common interest community. Whether the loan repayment is being funded through an …

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Minimizing Risk in Receiverships: Part II

On April 9, 2018 By duponts1 In Collections

I recently blogged about how to identify and avoid potential financial risks relating to receiverships prior to filing the lawsuit. Once a lawsuit has been filed, there are additional steps that an association can take …

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Minimizing Risk in Receiverships: Part I

On April 6, 2018 By duponts1 In Collections

A receivership can be an effective method for collecting delinquent association debt. Many associations, however, are hesitant to pursue this remedy as they feel that receiverships are ‘risky’ or not cost effective. However, performing some …

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Judicial Foreclosure Flowchart

On March 19, 2018 By duponts1 In Association Governance, Collections

For those who did not visit our booth or attend the CAI Spring Showcase, The Dupont Law Firm has prepared a flowchart (right click on the image and save to you computer or device) explaining …

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Don’t Overlook Acceleration of Assessments

On March 12, 2018 By duponts1 In Association Governance, Collections

If you have been reading this blog, you likely have seen the articles relating to the County Court collections process. While obtaining a money judgment against a delinquent owner can be an effective remedy, collection …

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Average Home Prices top $500k: Preparing your Association for a Market Correction

On March 9, 2018 By duponts1 In Association Governance, Association Management, Collections, Interesting News

A recent news story reported that average home prices in the metro Denver area now exceed $500,000. While that may seem like good news for homeowners, it likely signals that a correction is coming in …

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