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, interest, and late 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

4. Demand letters will continue to be sent every month with the updated owed amount

5. If the account balance reaches $8,000 or more, a small claims action (or a lien on the property) will take place

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

7. 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