Colo. bills require community manager credentials, limit foreclosure powers

04/30/2013 | Community Media of Colorado

Colorado legislators are considering two bills that would require HOAs to offer a payment plan for delinquent homeowners before pursuing foreclosure and call for community managers to be professionally credentialed. "It's important to remember that HOAs are nonprofit organizations," says Westwind Property Association's business manager, Jessica Hanson. "We're not out there to make money off the hard times of others. Any way we can work with people to get them caught up on their dues is good for the whole community."

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