LAW FIRM RESCUES HUNDREDS OF HOAS AND CONDOMINIUMS IN FLORIDA RECOVERING $125M FOR NOT-FOR-PROFIT ASSOCIATIONS
Miami, Florida – Association Law Group (ALG), one of Florida’s leading HOA and condominium law firms with offices in Miami and Ft. Lauderdale, has recovered close to $125,000,000 for its clients in past due maintenance fees and other liabilities since the recession first began. During the peak of the financial crisis, many HOAs and condominiums found themselves in desperate times as delinquencies skyrocketed and owners stopped paying their maintenance fees, in many cases abandoning bad investments they made, while leaving the rest of the homeowners in such properties holding the bag. In some buildings, the percentage of delinquencies reached as high as 30%-50% or more of owners not paying. Such delinquencies crippled the ability of many not-for-profit associations to manage and operate their buildings or even pay for essenti al services such as water, garbage pick-up, fire-safety equipment and insurance.
“If it was not for Association Law Group, I don’t think our association would have survived financially,” stated Brian Bussey, vice president of The Oaks as Miami Gardens Condominium Association, Inc. “We had a delinquency rate of close to 70% at the peak of the recession, but now we are financially stable thanks to ALG recovering close to a half a million dollars for our association, with no out-of-pocket fees.”
To maximize such recoveries for its clients, ALG had to innovate a number of new legal strategies like terminating mortgages against major banks while battling with thousands of speculators, lenders, and judicial purchasers over amounts due. Some cases took years of litigation, as banks stalled their own judicial proceedings and foreclosure purchasers attempted to avoid their financial liabilities. But ALG’s aggressive legal approach worked and the firm and has now handled over 25,000 collection cases for its clients.
“We are pleased to have been able to provide such an important service to our clients during very difficult economic times,” stated Ben Solomon, managing partner of ALG. “An association’s maintenance fees are typically its only source of revenue. Associations need such money to pay their bills on time, keep their properties up, and avoid making the rest of the owners pay an unfair share,” stated Solomon.
About Andre Brown
Andre Brown is a decorated combat veteran who served for 15 years in the United States Marine Corps and completed 7 tours of combat in support of Operation Enduring Freedom and Operation Iraqi Freedom before retiring from active duty in October of 2014. During his tenure in the military, Mr. Brown received over a dozen medals and commendations for his dedication and service to our country. Now, Brown is bringing his military experience, work ethic, and talents into the corporate world. Andre M. Brown was recently hire by Association Law as their in-house media contact and public relations liaison to spearhead the firm’s advertising, marketing and publicity campaigns. He is also a licensed real estate professional and a graduate from Connecticut School of Broadcasting where he studied c ommunication, radio, television and film. He is an active involved with Miami Association of Realtors’ Young Professional Network Leadership Council and serves as the Director of Communications and Veterans Affairs Liaison for the Builders Association of South Florida (BASF). He was recently elected as the Director of Education for Veterans Association of Real Estate Professionals.