Don't Leave Money on the Table
Has your association written off bad debt due to a bank foreclosure? Most of this debt (also known as zombie debt) can be pursued and recovered.
No Cost-No Risk...Total Contingency.
Post Foreclosure Recovery is Axela’s collection service that recovers amounts due to the association that have probably already been written off as uncollectable.
If a unit owner has been foreclosed either by the community association or the first mortgage holder, chances are that they still owe the association money for unpaid maintenance fees. In most cases, the foreclosure did NOT extinguish that debt, and Axela will work to recover those dues on behalf of the association.
If you do not put these debts into collections, odds that you will recover them are zero.
Nothing ventured nothing gained. Don’t leave money on the table.
Post-Foreclosure Collection Process
Send FDCPA Demand Letter
Outbound Collection Calls
How it Works
We take tradition collection actions that are fully compliant with the Fair Debt Collections Practices Act. For example, we will verify the debt, perform a skip trace, send an initial demand letter, make out-bound calls, report the debtor to the credit bureaus, and continue to engage the debtor to encourage them to pay their obligations.
Post Foreclosure Recovery
Updated on 2019-12-23T14:25:26-05:00, by .