Recovering Bad Debt for Community Associations

When a first mortgagee forecloses and pays the association only a portion of what is owed on that unit, the association is stuck with a “write off.”

The foreclosure does not extinguish this debt and the association can and should to pursue the old owner for this loss.

If the association acts within a timely manner, your association’s money can be recovered.

If your association had a write-off as a result of a first mortgage foreclosure, we'll collect that for you on a 100% contingency fee basis. If we don’t collect, we don’t get paid.

Collections are expensive and associations just don’t have the money to do them well. AFS will pay 100% of the collections costs, so you don’t have to

When we collect, we split the recovered maintenance fees 50%-50% with the association.

AFS specializes in debt collection for community associations only.

Our write off recovery is perfect for associations because there is no risk involved.

AFS is experienced in collecting aged, unsecured consumer debt of this type...a specialty in itself.

AFS has more resources, expertise and insight for your association than do traditional debt collectors.

There is a statute of limitations on collections. Act now or risk losing the opportunity to recover this money.

There is nothing to risk…but there is money to recover.