IF YOUR SEPARATE INTEREST IS PLACED IN FORECLOSURE BECAUSE YOU ARE BEHIND IN YOUR ASSESSMENTS, IT MAY BE SOLD WITHOUT COURT ACTION. The Association's policy on the collection of delinquent assessments is as follows:
1. The Association's mailing address for overnight payment is: C/O Strong Management Company, 645 1st Street West, Sonoma, CA 95476.
2. An Owner may provide written notice by facsimile transmission or United States mail to the Association of a secondary address. If a secondary address is provided, the Association shall send any and all correspondence and legal notices to both the primary and secondary addresses.
3. The assessment is due on the first day of each month and delinquent if not received by the fifteenth day of the month. If delinquent, the Association will impose a late charge of 10% of the delinquent assessment or $10.00, whichever is greater, and interest on delinquent assessments, late charges and collection costs at an annual rate of 12% commencing thirty (30) days after the assessment becomes due.
4. After an account is sixty (60) days delinquent, management will send a letter to the owner advising the amount owing and the date to respond before the account is forwarded to attorney for legal action.
5. When an account becomes ninety (90) days delinquent, it is turned over to the attorney for collection. The attorney will provide an itemized statement of charges owed by the Owner, notify the owner in writing by certified mail of the collection and lien enforcement procedures of the Association, the owner’s right to meet and confer to dispute the debt, or discuss a payment plan, to request alternative dispute resolution, and to inspect the Association's records to verify the debt. The Association shall offer the Owner, and if so requested by the Owner, to meet and confer or participate in mediation.
6. If the account is not paid in full within thirty (30) days of the attorney's demand letter, a lien is prepared and recorded against the defaulting owner's property. Recording of the lien will be approved by the Board. The lien is mailed to the defaulting owner, along with a letter that describes additional penalties for nonpayment of the lien, and the procedures for foreclosure, and request mediation of the dispute.
7. An owner has a right to meet and confer with a representative of the Board to discuss resolution of the debt pursuant to the Association's Dispute Resolution procedures. An owner has the right to alternative dispute resolution with a neutral third party pursuant to Civil Code Section 5925 et seq.
8. An owner may submit a written request to meet with the board to discuss a payment plan for the debt. The board will meet with the owner in executive session within 45 days of the postmark of the request, if the request is mailed within 15 days of the date of the postmark of the Notice of Assessment Lien, unless there is no regularly scheduled board meeting within that period, in which case the board may designate a committee of one or more members to meet with the owner.
9. Prior to initiating foreclosure, the Association shall offer to meet and confer with the owner, or to participate in mediation. If the lien is not paid in full within thirty (30) days after it is recorded, and the delinquent assessments exceed $1800 or are more than twelve (12) months delinquent, the Association may file a lawsuit for a judicial foreclosure of the lien and a money judgment against the owner, or the Association may conduct a nonjudicial foreclosure of the assessment lien, or both. The Board shall approve the decision to foreclose. Notice of the Board's decision shall be personally served on resident owners, and mailed first class to nonresident owners.
10. Pursuant to the Association CC&R's and Civil Code §5650, all legal and administrative costs incurred in collecting the delinquent assessments are collected from the defaulting owner.
11. The Association shall record a release of lien within twenty-one (21) days of payment of all sums due the Association.
12. The attached “Notice – Assessments and Foreclosure” is incorporated into the Association’s Assessment Collection Policy.
Phone
Location
Woodside Way
San Mateo, CA
94410
Contact
Private Security