Our Assessment Recovery
Creation of Account
Upon receipt of your request to proceed with assessment recovery, we create an online MAGC account for management and board access.
County Records Search &
30-day Demand Letter
Within 1-3 business days of receipt of your request, we perform a county records search to confirm ownership of the property and send a letter demanding payment within 30 days.
10-Day Lien Letter
If not paid after 30 days, a lien is recorded against the property. Another letter is sent to the debtor with the recorded lien and a demand to pay within 10 days to avoid additional collection action.
Proprietary Collection Report & Recommendation
If no payment is received after 10 days, we prepare a researched report to determine the likelihood of collecting assessments via court action or foreclosure.
Court Action or Foreclosure
If our report shows a high probability of collecting from the debtor, we will typically recommend filing suit in circuit court, which may include a request for money judgment or foreclosure. If there is a low probability, we typically recommend foreclosure of the lien by advertisement.
Easy Assessment Collection with MAGC
To make it easy for community associations to keep up to date on assessment delinquencies and enforcement, we have developed the online MAGC system. MAGC is a free service that allows you to monitor the status of matters without needing to send an email or make a phone call – though we are always available should you need to contact us. Our condominium and homeowner association clients can log in to access all documents related to a file, obtain a daily update of account balances and view detailed information about all actions taken. You will also get an automated status report.
View a Brief MAGC Tutorial
- Unlike other firms, we will never charge you for routine contact with us via phone or email to ask questions about delinquent accounts.
- That’s our success rate on collecting all amounts owed to our association clients, including our fees and costs.
- The information you need is available online, which means you always know the last action taken on an account as well as the next action to be taken.
Let Us Get to Work for You Today.
Articles on Assessments
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