Purpose
The Purpose of Forclosusure Solutions
As the economy has taken a serious downturn unit owners in numerous Condominium Associations across the state have struggled to remain employed, creating a trickle down disaster effect, mortgages are being defaulted on, association assessments are becoming seriously past due and the financial integrity of these associations are being compromised, leaving vendors unpaid and the Association Board of Directors without any options.
Without the necessary income flow, Associations risk a lapse on necessary insurance policies, missing major scheduled improvements such as roof repairs and painting as well as other unforeseen emergencies such as floods. Given the current shape of the economy, going to a bank for a loan large enough to cover the delinquent assessments is out of the question. Borrowing from reserve accounts will only work for so long before those reserves are depleted, assuming that there are properly funded reserves in the first place.
Enter Foreclosure Solutions. Foreclosure Solutions was created with the intent of providing necessary cash flow to Community Associations in dire need of financial relief. Foreclosure Solutions assumes the bad debt of your community allowing vital everyday operations to resume as normal. Call today for a free consultation and allow Foreclosure Solutions to be your solution to financial crisis!
