Community Association Collections Service™ (CACS)
Are you frustrated with your collections? If so, it’s time to hire a team that specializes in collections for community associations. Our Community Association Collections Service™ is very different from your current collections process. We advance 100% of the legal and collection costs and fees necessary to collect and foreclose (so no money is paid by the association to move ahead on collections). We specialize in collecting every penny of the amount due, limiting the effect of the uncollectable amount from the bank. We move quickly because our own funds are on the line, and if we don’t collect from the delinquent owner, we don’t get paid.
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Funding & Collections Service™ (FACS)
Community associations struggling to pay their bills while waiting for payment of delinquent maintenance fees now have an interest-free financial lifeline. Under our Funding and Collections Service ™ community associations obtain immediate cash – up to 100% of six months’ past due maintenance fees and special assessments – with the balance received upon collection of delinquent maintenance fees. Our guarantee: If we don’t collect, we don’t get paid. If your association does not require funding, our Community Association Collections Service™ (CACS) is the best way to recover past-due fees and assessments.
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Write-Off Recovery ™
Has your community association written off bad debts due to the first mortgagee taking title to a unit? Don’t leave money on the table! Allow our Write-Off Recovery™ team of skilled attorneys and collections professionals to pursue an offending debtor on a 100% contingency fee basis. We’ll also pay 100% of the collection and legal costs and collect these in addition to the total claim. If and when we collect, we are reimbursed our costs and retain a percentage of the amount collected. Don’t delay…due to a statute of limitations, our Write-Off Recovery™ team must get started today, or the association could miss out on this opportunity forever.
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Loans & Lines of Credit
When the bank says “No,” Association Financial Services is there for your association’s funding needs with a robust program of loans and lines of credit. AFS helps community associations solve their financial problems every day, regardless of their current financial situation. Our company is financed through institutional investors and private entities and is currently budgeted to provide more than $100 million in capital to community associations. We consider different lending criteria that enable us to help associations when banks cannot. In addition, we can structure a payment plan that fits every association’s needs. Ask us today about a loan or a line of credit that will get your association back on solid financial footing.
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Loan Work-Outs, Modifications and Refinancing
Is your association struggling with bank loan payments? Are you being overwhelmed with late fees and other penalties? Has the bank told you it will not renew your loan? Let Association Financial Services provide the solutions to these and other problems. We can help your association by guiding the process of modifying or refinancing your current loans for more favorable terms.
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Accounts Receivable Plus™
AFS offers tailored accounts receivable servicing based on your association’s particular needs. Accounts Receivable Plus™ (AR Plus™) can improve cash flow for the association, ensure better FHA compliance, improve communication with owners, and improve timely receipt of payments. AR Plus™ can be licensed through your property management firm, or contracted directly for self-managed associations.
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