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Condos Seek Aggressive Steps to Curb Delinquent Fees
Condos and cooperatives face rising delinquencies as joblessness and a soft real estate market erode revenue. Agencies propose stricter collections, temporary dues increases, and special assessments to cover fuel, taxes, and maintenance. Lawyers urge prompt action, lien filings, foreclosures, or evictions, plus notices to lenders and possible court judgments to claim rents or garnish wages.
MENTIONED IN THIS ARTICLE
Eroll Brett
New York City
Stephen M. Marcus
Braintree, Mass
Marcus
Bob Kirkland
Professional Property Managers
Virginia Beach
Small Claims Court