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Thank You for Paying On-Time! The Spring Creek Court Homeowners Association, Inc., enjoys a high percentage of homeowners paying the mandatory $395 annual property assessment on or before January 1st of each year. To all those homeowners, congratulations and THANK YOU! Your continued promptness and cooperation make it possible for the HOA to pay ongoing operating expenses in a timely manner and to reserve funds for future capital improvement projects.
The Costs of Paying "Short", Paying Late, or Not Paying at all Over the years, a few Spring Creek Court property owners have found themselves abruptly engaged with the Association's collections attorney. This happens when a homeowner fails to pay their annual property assessment in full, or at all, and chooses not to respond to subsequent letters and notices from the HOA's managing agent, or repeatedly claims "the check's in the mail". When this happens, the homeowner is on a path to incurring very expensive legal fees that, alone, can amount to 3 or 4 times the $395 annual propertry assessment fee. And that doesn't include late-payment finance charges that are added to the homeowner's account for each month the assessment account balance remains unpaid. The least expensive way to pay the $395 annual property assessment is to pay-in-full, on time.
Extended-Payment Plan (optional) If you are unable to make payment-in-full for your annual property assessment in the month of January, you are strongly urged to apply for the optional extended-payment plan without delay to avoid the involvement of the HOA's collections attorney. 1.
Contact the HOA's managing agent immediately (Kay
Serventi at Preferred Management Services - NOTE: The managing agent is not authorized to negotiate the standard terms of the optional extended payment plan. 2.
Respond immediately to letters and notices from the HOA's
managing agent. Make the effort to be engaged, 3.
Respond immediately to letters and notices from the HOA's
collections attorney. Ignoring or turning away the
Spring
Creek Court Homeowners Association, Inc.
Every Spring Creek Court homeowner is required to pay an Annual Property Assessment in an amount specified by Article XI of the Association's Bylaws (2004) and in years thereafter as determined by action of the Association's elected board of directors and posted on this website. Absentee homeowners are not excused or otherwise released from this obligation. The named property owner of record is solely responsible for paying the Annual Property Assessment. Every homeowner receives from the Association's managing agent an Account Statement (invoice) towards the end of the year. The individualized Account Statement is mailed to the property owner of record and indicates the assessed property address, amount of the property assessment, and payment due date (January 1 every year). The current Annual Property Assessment rate has remained unchanged since 2010. Homeowner in Default... A homeowner that fails to pay the Annual Property Assessment in-full in January of any year and subsequently fails to pay-in-full prior to the specific payment deadline announced in a formal Notice of Delinquent Property Assessment will be considered to be in "default". Notices of Delinquent Property Assessment are issued by the HOA's managing agent and delivered via USPS first-class postage and certified mail. Notices of Delinquent Property Assessment always "advertise" a specific pay-in-full payment deadline before referring a default homeowner account to the Association's third-party collections attorney. If the advertised payment deadline lapses without action or remedy by the default homeowner, the default account is then referred to the HOA's collections attorney. When a default homeowner's account is placed in the hands of the HOA's collections attorney, the homeowner is facing the power of law. The collections environment is never pleasant, and positions the default homeowner to face the following reality:
1. The HOA's collections attorney collects 100% of the amount owed by a default homeowner - 100% of the time. 2. The default homeowner pays 100% of the collections attorney's fees - 100% of the time. 3. The default homeowner pays 100% of outstanding late-payment finance charges - 100% of the time. 4.
The HOA board does not desire or seek to influence the collections
attorney's fee schedule. Attorney ("legal") fees 5.
When the HOA's collections attorney engages a default homeowner,
the default homeowner's debt, including NOTE:
A "short" payment (a payment less than the full amount
owed) will not be recognized or accepted as payment, 6.
The HOA board will not, under any circumstances, intervene in the
collections attorney's efforts to collect payment-in- NOTE:
The time to request an HOA board hearing is before a default
homeowner's account has been turned over to 7.
The collections process, including the accumulation of associated
legal fees and late-payment finance charges,
The least expensive way to pay the $395 annual property assessment is to pay-in-full, on time. The most expensive way to pay the $395 annual property assessment is to "short" pay, pay late, or not pay at all, and then ignore written notices and certified mail delivery attempts from the HOA's managing agent and/or collections attorney.
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