MSN's Real Estate section has a good articles on delinquencies and their effect on the association. Click here to read the article.
A highlights from the article:
But as a board member, you also know that your association has to keep collecting dues in order to stay afloat. Board members "have an obligation, a fiduciary responsibility to collect assessments and continue to provide the services and amenities that residents expect," says Frank Rathbun, spokesman for the Community Associations Institute.
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