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Write Off Recovery™. Recovering Bad Debt for Community Associations. What Are You Leaving on the Table?. 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.”
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Write Off Recovery™ Recovering Bad Debt for Community Associations
What Are You Leaving on the Table? • 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.
The Write Off Recovery™ Solution • 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.
What’s the AFS Difference • 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.
Do not delay…Sign Up Today 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.
