|
Item |
Value |
Comment |
|
Assessment Frequency |
Semi-Annually |
January 1 and July 1 |
|
Late Date |
15th |
|
|
Late Charge |
$15.00 |
|
|
Late Interest |
N/A |
|
|
Rebill Date |
15th |
|
|
Rebill Amount |
$20.00 |
|
|
Pre-legal Demand Letter Date |
Sent at 45 Days |
|
|
Pre-legal Demand Letter Amount |
$50.00 |
Demand is always sent 30 days after the rebill and account assessment is delinquent |
|
Pre-legal Final Demand Letter Date |
Sent at 60 Days |
Final Demand is sent both Standard USPS Mail and Certified Mail with a review of the account to verify assessment is still delinquent |
|
Pre-legal Final Demand Letter Amount |
$150.00 |
Fee includes any/all postage and handling |
|
Lien Date |
Prepared at 75 Days |
Lien is sent to the Desert Ridge Collections Attorney for review/signature and then sent back to FirstService Residential in order for FirstService Residential to record the lien with Maricopa County |
|
Lien Amount |
$300.00 |
This includes the recording of lien and the release of lien when delinquency has been cured |
|
Collection Date |
77-80 Days |
Once lien is recorded, account will be transferred to the Association’s collection Attorney for any collection work needed |
|
Collection Attorney |
Sent at 80 Days |
Maxwell & Morgan |
|
Attorney Legal Demand Letter |
$225 + $100 |
Due diligence search – Letter requesting payment or lawsuit will be filed |
|
Summons and Complaint |
$338 |
Money Judgment/Justice Court Processings-Attempt collection of the delinquency |
Revised & Adopted: 1/28/15
