Question: Our Association is involved in pending litigation, and we have reached a tentative settlement with the opposing party. We need to vote on approving the settlement; however, one of our board members is out of the country and cannot be reached at this time. Can the 4 out of 5 board members just vote to approve the settlement?
Question: We have a member who is delinquent in their association maintenance fees. The Board feels bad for the owner and their current situation. We want to make a hardship exception for this individual. Can we make a hardship exception for this owner to delay payments or to waive late fees?
Question: Does it make sense for our Association to sell unpaid collection accounts to a third-party judgment recovery company for a cash lump sum?