The “No Initial Fee Assessment Collection Service” offered by Michael T. Chulak & Associates provides the following benefits to homeowner associations:

1. No up front fees or deposit is required. All fees and costs are billed directly to the delinquent homeowner.
   
   
2. Unlike lien services that offer non-judicial foreclosure services, the judicial foreclosure procedure we utilize, provides two ways to collect delinquent assessments. First, a judicial foreclosure permits the association to force the sale of the property if payment is not made. Secondly, a money judgment permits the association to seize wages, accounts receivable, bank accounts, stock and other property. Thus, the judicial foreclosure procedure substantially increases the chances of your association collecting delinquent assessments as compared to the non-judicial procedure used by lien services.
   
   
3. The collection results obtained by starting a judicial foreclosure are excellent. The threat of a lawsuit is very intimidating, resulting in most debtors paying their delinquent assessments quickly.
   
   
4. Our assessment collection service is attorney supervised. Thus, we make certain that the collection process fully complies with the California Civil Code, the Federal Fair Debit Collections Practices Act and your association’s CC&Rs.

You may ask: Why do lien services use the non-judicial foreclosure process to collect delinquent assessments? The answer: Only attorneys can practice law by filing lawsuits and using the courts.

If your association is experiencing delinquent assessments, call us today for a no cost consultation and review our Legal Services Retainer Agreement.