Kingspark Homeowners Association

HOA Dues Collections

Apr 08, 2009

Update on the HOA Dues Accounts Receivables - Kingspark HOA Dues are mandatory and tied to each Property Deed. The Dues are used to maintain the existing HOA properties, such as, Clubhouse, Pool, Tennis Courts, Entrances, Cud-De-Sacs, Common Areas, Trees, and Picnic tables.
HOA Dues are billed Quarterly. They are collectable within 30 days. Late Fees and Finance Charges are assessed on delinquent Dues. All this information is available for review in the HOA Manual. If Dues continue to be delinquent then the next action taken is a Lien is filed with the Cleveland County Court. If the issue is still not resolved then a claim is filed in Small Claims Court. If a Collection Violation continues then the HOA Attorney becomes involved and files for a Judgment and an Asset Hearing. Collection is a very serious matter.
Current HOA Collection Statistics:
90 days 15 Homeowners Outstanding
180 days 14 Homeowners Outstanding
270 days 3 Homeowners Outstanding
Liens 7 Homeowners
Small Claims Judgments 2 Homeowners
Asset Hearings 3 Homeowner
Bankruptcy 1 Homeowner

The names of the individual Homeowners with Outstanding Dues have not been listed to honor their privacy. It has been requested many times to publish the AR Report in the Quarterly Newsletter. The Board of Directors has not selected that option, yet.
Thank You to the 310 Homeowners who are current on the their HOA Dues! It makes a great impact on the upkeep of the HOA properties and the HOA budget. Thank you for making Kingspark a ?“Great Place to Call Home?”.