Re: Do any communities defer dues? | <– Date –> <– Thread –> |
From: Kathryn McCamant (kmccamantcohousing-solutions.com) | |
Date: Mon, 5 Aug 2019 09:30:58 -0700 (PDT) |
I would check your local jurisdiction and mortgage lender laws. After the recession and the millions of foreclosures that came with it, they changed a lot of the regulations to limit the amount you could collect on pass due dues at closing. Katie -- Kathryn McCamant, President CoHousing Solutions www.cohousing-solutions.com On 8/4/19, 9:12 AM, "Cohousing-L on behalf of Sharon Villines via Cohousing-L" <cohousing-l-bounces+kmccamant=cohousing-solutions.com [at] cohousing.org on behalf of cohousing-l [at] cohousing.org> wrote: > On Aug 4, 2019, at 7:44 AM, Alan O'Hashi via Cohousing-L <cohousing-l [at] cohousing.org> wrote: > If you do decide to allow people to generally defer, there should be some means to encourage them to pay up front, like, compounded interest, and personal guarantees, etc. I would think this would only be done when there is a question of hardship and a date for which the unit will be sold or put up for sale. And done formally with a lien against the property, costs to be paid from the sale/estate. In the long run, this might be the least expensive way to deal with the rare case of catastrophic or terminal inability to pay. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org _________________________________________________________________ Cohousing-L mailing list -- Unsubscribe, archives and other info at: http://L.cohousing.org/info
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Do any communities defer dues? Sunny Sabbini, August 1 2019
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Do any communities defer dues? Alan O'Hashi, August 4 2019
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Re: Do any communities defer dues? Sharon Villines, August 4 2019
- Re: Do any communities defer dues? Kathryn McCamant, August 5 2019
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Re: Do any communities defer dues? Sharon Villines, August 4 2019
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Re: Do any communities defer dues? fergyb2, August 6 2019
- Re: Do any communities defer dues? Kathryn McCamant, August 6 2019
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Do any communities defer dues? Alan O'Hashi, August 4 2019
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