Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Brainstorming about collecting late condo fees? - Am recent member of BOD of condo assn. A unit owner is very delinquent in condo fees ($xx,xxx); the owner wants to set up a payment plan which would take 10 years to pay off. To avoid foreclosure, the BOD is considering it. Should we limit it to 6 months to see if the owner isn't just buying time? Should we charge interest? Hate to not accept some payment since it's a tough economic time. Owner wants to avoid collections and bankruptcy obviously. -
