Collections

Collections Policy

The association applies the following automatic schedule for delinquent accounts to all residential, live/work, and commercial units at Castleberry Point. As per our declaration, homeowners are responsible for all charges on their account, including, but not limited to, dues, water/sewer charges, violation fines, fees, late fines, and interest charges.

1. When an account reaches a 30+ day balance of $2,000 or more, the collections process begins, and all legal fees related to any collections activities will start to accrue against the account

2. First, a demand letter is sent to the unit owner after this threshold is reached

3. At any point in this process, the homeowner may pay off their full account balance, which will include all legal fees accrued so far

4. The unit owner has ten (10) days to either pay off the entire balance in AppFolio or reach an agreement with the board on a payment plan

5. If 10 days pass and the above conditions do not occur, a lien will be placed on the property

6. If the account balance reaches $10,000 or more, a collections action will take place (likely a small claims suit)

7. Once the balance reaches $25,000 or more, the association will begin foreclosing on the unit

8. If the account is not paid in full, the unit may be foreclosed on and sold to a new owner, likely within one (1) year

It is important to note that failing to pay your HOA charges, water/sewer bills, property taxes, or mortgage could ultimately result in the foreclosure of your unit. It is essential that you keep all of your balances in check.

COLLECTION PAYMENTS

For closing and collections matters only, please make check payments out to:

Castleberry Point Condominium Association, Inc.

and mail them to:

Thrift McLemore
c/o Castleberry Point
1000 Parkwood Circle SE
Suite 375
Atlanta, GA 30339