SidneyP (Florida)
Posts: 302
Posts: 302
Posted:
I need help again before I go to this finally long over due meeting (Tues.25th).
I have mentioned this before in my post but I need opinions on my thoughts about this. I have been asking for the Board to draw up a collection policy, showing each step that is taken, the late fee and interest and time lapse between the the first notice, intent to lien, foreclosurer....This has never been done...
BUT...last March the Board and PM decided to charge a $25. late fee each month late and a 1.5% interest. The PM ask if they wanted it retro. The President said yes....
Not only did the PM add these fees to the invoices that were delinquent but even went back and added these charges to some HO's that had already paid. (paid late but already paid before these charges were even approved and in the minutes.
I have told the Board and the PM that this was not a legal action, they could not do this w/o giving the HO's written notice of a policy....As usual, I was told that I was just trying to stir up trouble. This is what is told to me any time I call them on the breaking of the CC&R's and FL.SS.
Am I right or wrong? and if I am right what can be done about this practice? I have also stated that the Association could be sued. Right or wrong?
I have mentioned this before in my post but I need opinions on my thoughts about this. I have been asking for the Board to draw up a collection policy, showing each step that is taken, the late fee and interest and time lapse between the the first notice, intent to lien, foreclosurer....This has never been done...
BUT...last March the Board and PM decided to charge a $25. late fee each month late and a 1.5% interest. The PM ask if they wanted it retro. The President said yes....
Not only did the PM add these fees to the invoices that were delinquent but even went back and added these charges to some HO's that had already paid. (paid late but already paid before these charges were even approved and in the minutes.
I have told the Board and the PM that this was not a legal action, they could not do this w/o giving the HO's written notice of a policy....As usual, I was told that I was just trying to stir up trouble. This is what is told to me any time I call them on the breaking of the CC&R's and FL.SS.
Am I right or wrong? and if I am right what can be done about this practice? I have also stated that the Association could be sued. Right or wrong?