Recovering Bad Debt for Community Associations

 When a first mortgagee forecloses and pays the association only a portion of what is owed on that unit, the association is stuck with a “write off.”  The foreclosure does not extinguish this debt and the association can and should to pursue the old owner for this loss.  If the association acts within a timely manner, your association’s money can be recovered.

 If your association had a write-off as a result of a first mortgage foreclosure, we'll collect that for you on a 100% contingency fee basis. If we don’t collect, we don’t get paid.  Collections are expensive and associations just don’t have the money to do them well. AFS will pay 100% of the collections costs, so you don’t have to  When we collect, we split the recovered maintenance fees 50%-50% with the association.

 AFS specializes in debt collection for community associations only.  Our write off recovery is perfect for associations because there is no risk involved.  AFS is experienced in collecting aged, unsecured consumer debt of this type...a specialty in itself.  AFS has more resources, expertise and insight for your association than do traditional debt collectors.

There is a statute of limitations on collections. Act now or risk losing the opportunity to recover this money. There is nothing to risk…but there is money to recover.