If you have paid you annual assessment, this notice does not apply. I posted this notice so all residents can see the effort the Falls of Green Meadows Board is taking to collect all assessments. This is extra effort that is not needed if the residents would pay their assessments. The Board is also actively pursuing, to include foreclosure actions to collect delinquent assessments. This notice was mailed on on Thursday to all appropriate residents.
September 27, 2023
Hello, Falls of Green Meadows Homeowners
The Falls Board of Directors is requesting you pay your homeowner assessment in full immediately. If you need assistance or a payment plan, please let us know before your delinquent account is reported to the Credit Agencies.
According to Texas Laws, Homeowners must reach if you need any type of assistance.
Homeowners should call Cinthia Gordillo at Chaparral Management, to discuss payment plan options. She can be reached at (223) 244-6264
This notice will follow the guidelines provided below.
Payment Solutions Initiative 6-STEP PROCESS - The PSI Program is a simplified 6-step process, each with a flat all-inclusive fee charged to the Association, and subsequently the delinquent owner’s account.
WHAT WHEN COST
Step 1: Friendly Reminder 30 Days $10
Step 2: Demand Letter 60 Days $50
Step 3: Final Demand Letter 105 Days $50
Step 4: Intent to Lien 135 Days $150
Step 5: Notice of Lien Filing 165 Days $300
Step 6: Collection Warning Alert & DAP 195 Days $375 CREDIT REPORTING –
The PSI Program will also report delinquent accounts to Equifax at no charge to the Association or the Owner. The credit reporting process will also reward and build a positive credit history for most owners who keep their accounts current and further motivate all owners to pay on time.