HOA and Condo Pre-Foreclosure Analysis Tool

HOA and Condo Pre-Foreclosure Analysis Tool

If you have ever been faced with the decision on whether or not to foreclose on a home or unit based on the home or unit owner’s default on making payments to the association as required by the association’s governance document, you know it can be challenging to say the least. Using your “gut feel”…

What is a Lockbox in the Property Management Industry?

What is a Lockbox in the Property Management Industry?

You may have heard of the banking term lockbox which refers to a bank-operated mailing address to which homeowners mail their payment checks. The checks are then delivered to a bank payment processing facility.  This is a more secure and faster way to deposit physical owner payments. When checks are delivered to the lockbox, they…

Enhanced Collections for Homeowners Associations HOAs and Condo Communities

Enhanced Collections for Homeowners Associations HOAs and Condo Communities

Community Financials is happy to announce a powerful new partnership for clients.  We have enhanced our collections program (“Easy Collect”) with our new collection partner Axela Technologies, a national company based in Florida. After Community Financials’ sends out the courtesy late letter(s) Axela takes collections to a new level. The collection activities performed by Axela…

Community Financials Visit with TOPS Software in June 2019

Community Financials Visit with TOPS Software in June 2019

One of the software programs we use at Community Financials is TOPS.  TOPS is the largest software company in the HOA & condo industry as measured by the number of management companies using it.  It has 5 times as many clients as the next largest competitor Caliber which we also use.  Community Financials visit with…