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VS OTHER COLLECTIONS SOLUTIONS


                                                     Association        Funding      Collection           Collection
                                                  Financial Services   Company X     Company Y             Attorney

A licensed and insured collection company
                                                                         X
                                                                                                              ?


Will fund up to 100% of the lesser
of 6 months of maintenance fees or
1 percent of the rst mortgage
                                                                         X               X                    X


Does not charge an origination fee for funding         No Fee             $$$      Offers no funding   Offers no funding


Believes it is a good idea for associations to
foreclose on titles and will move to foreclose
on behalf of associations
                                                                         X               ?                    ?


Advances the cost deposits to foreclose
                                                                         X
                                                                                                              X


Guarantees that if legal costs & fees are not
collected, that the association is not
responsible for paying them.
                                                                                                            X


Is very transparent regarding its
collections costs & fees due from the
delinquent unit owner
                                                                         X               X                    X


Has a complete suite of collections,
 nancing & funding services
                                                                         X               X                    X


Has a statewide network of the
most quali ed collections attorneys
                                                                         X               X                    X


Has its own proprietary collections
software designed speci cally for
community associations
                                                                         X               X                    X


Services both HOAs & condo associations
                                                                         X
                                                                                                            
Has a responsive call center staffed by trained
& accredited collections professionals
                                                                         X               X                    X


Was selected to provide collections expertise
to an A-Rated company that is the country’s
 rst to insure against future maintenance
fee delinquencies
                                                                         X               X                    X


Pursues unit owners who have been
foreclosed upon for a personal
judgement (Write-Off Recovery™)
                                                                         X               X            At additional cost

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AFS VERSUS OTHER COLLECTIONS AND FUNDING SOLUTIONS

  • 1. VS OTHER COLLECTIONS SOLUTIONS Association Funding Collection Collection Financial Services Company X Company Y Attorney A licensed and insured collection company  X  ? Will fund up to 100% of the lesser of 6 months of maintenance fees or 1 percent of the rst mortgage  X X X Does not charge an origination fee for funding No Fee $$$ Offers no funding Offers no funding Believes it is a good idea for associations to foreclose on titles and will move to foreclose on behalf of associations  X ? ? Advances the cost deposits to foreclose  X  X Guarantees that if legal costs & fees are not collected, that the association is not responsible for paying them.    X Is very transparent regarding its collections costs & fees due from the delinquent unit owner  X X X Has a complete suite of collections, nancing & funding services  X X X Has a statewide network of the most quali ed collections attorneys  X X X Has its own proprietary collections software designed speci cally for community associations  X X X Services both HOAs & condo associations  X   Has a responsive call center staffed by trained & accredited collections professionals  X X X Was selected to provide collections expertise to an A-Rated company that is the country’s rst to insure against future maintenance fee delinquencies  X X X Pursues unit owners who have been foreclosed upon for a personal judgement (Write-Off Recovery™)  X X At additional cost