Contact
Amber VermillionAssociation Management, Inc.
avermillion@amitx.com
713.984.7256
“This important seminar is a mission critical tool designed to help community associations proactively address the growing challenges of foreclosure in their communities,” said David Regenbaum, CEO of AMI. “As a leader in the marketplace, AMI continues to educate and provide community associations with the solutions and tools they need to manage homeowner concerns and perform their jobs more efficiently and cost-effectively.”
Collections and Foreclosures: How to Comply
with the New Texas Legislative Requirements
Speakers: Attorneys Roy Hailey & Brad Kitchens of Butler|Hailey
This free educational event had a great turnout.
AMI is dedicated to providing our Board Members, Community Members and Developers with solutions to any association management challenges or concerns.
Community associations across the U.S. continue to struggle with major financial challenges stemming from the mortgage foreclosure crisis and economic downturn. To help associations effectively manage these important issues, Association Management, Inc. (AMI), a FirstService Residential Management company, will host “Collections and Foreclosures: How to Comply with the New Texas Legislative Requirement” on April 12, 2012 in The Woodlands, Texas.
The free educational seminar will be presented by Attorneys Roy Hailey and Brad Kitchens of Butler | Hailey, which specializes in assisting and representing property owners associations and developers.
According to a recent Community Associations Institute (CAI) survey, approximately 25% of community managers reported vacancy rates greater than 5% as a direct result of foreclosure. Uncollected assessments from vacant homes place added financial strain on the remaining homeowners, as well as on community associations, which rely on assessments to fund essential services and amenities such as landscaping, utilities, trash pickup, road and building maintenance, swimming pools and playgrounds.
AMI’s upcoming Collections and Foreclosures seminar will outline proven steps that community associations can take to effectively manage foreclosure-induced budgetary shortfalls while remaining in compliance with new Texas legislative requirements.
