Litigation Enforcement Group in partnership with it’s per diem counsel, Welcomes the opportunity to service your HOA/Community Association debt collection process. We understand that you may currently utilize the services of attorneys, however the return vs. attorneys fees are not cost-effective. We have taken a proactive approach to collecting your past due association dues. Our goal is to recover funds to the association and reduce the cost involved. With regard to collection of assessments, we believe that associations should pursue a vigorous enforcement policy. Litigation Enforcement Group and our per diem counsel, work closely with management and association representatives to ensure an efficient and coordinated effort to collect delinquent assessments. The collection of delinquent assessments can be a frustrating and time-consuming task. As such, we assist our association clients in the collection of delinquent assessments using a vigorous and consistent approach. We are experienced in, and are prepared to take action with respect to: filing liens against individual unit owners, initiating lawsuits for the collection of assessments and seeking enforcement of those judgments through garnishments, and, if necessary, foreclosing upon the property.
We have a collection agency license, which coupled with our in-house credit access capabilities allows us to obtain work and bank information to assist in the collection of outstanding judgments.
Below is a list of our services and cost.
Notice of Intention to Create A Lien (NOI)
This notice is required by law in order to create a lien on real property.
Flat Fee: $50.00
Service: $35.00 Personal per party.
Certified: $11.00 per party
Preparation and filing of lien
$65.00 per hour
Plus cost.
Statement of Account Preparation
$65.00 per hour
Notice of Intention to Sue (NOS)
This notice will be sent after a lien has been filed.
$35.00
Summons and Complaint
$75.00
Service Fee: $35.00 THROUGH $65.00 per defendant
Attorneys Fees: 15% charged to the debtor by our counsel.
JUDGMENT COLLECTIONS
$65.00 per hour
Notice of Intent to Foreclose (nof)
$75.00 plus
Service cost of $45.00
Foreclosing Lien^
$1,105.00
Includes title search, service, filing fees, bond fees, docket fees etc.
^Handled by per diem counsel
Per Diem Attorneys Fees
$125.00 per hour billed monthly for services requiring review by counsel.
+also Motions for Relief From Stay in Bankruptcy billed at normal rate as stated above and $250.00 Filing Fee also required.
Please be advised that our per diem attorney is a member of the Maryland Bar.
All other services billed
At $65.00 per hour.
SAVINGS EXAMPLE
Typical Collection Attorney Fees
MONTHLY
Preparing status report $225.00 per hour 5 hours =$1125.00
NOI and Service Fees =$4520.00
Reviewing Accounts $225.00 per hour x 75 hours =$16875.00
Total Recovered for Association = $5000.00
Total Paid vs. Collected =-$17520.00 to association.
WHY CHOOSE OUR OFFICE. ITS SIMPLE, WE ARE COST EFFECTIVE AND WE COLLECT "MONEY". WE DON'T WORK ON BILLABLE HOURS.
When you look at the overall savings to your association, coupled with the competent level of our collections analyst why would you continue to pay excessive cost and attorneys fees? Please contact Litigation Enforcement’s Group HOA Team at 443-485-9527 x 704 to sign up today.
CALL US TODAY TO DISCUSS YOUR OPTIONS
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Litigation Enforcement Group- is a company dedicated to the enforcement of judicial judgments. We purchase your judgment, in its entirety, usually on a 'future pay' basis, without application fees or up-front costs of any kind. We advance all the costs and expenses incurred in locating the judgment debtor and enforcing the judgment. We make our money only from the judgment debtor, at no direct cost to you.