Community Debtors at all time low!!!
Monday, August 11, 2008 @ 2:43 PM
Wow some great news, we thought that the owner "Benalflat" had dissapeared in a couple of our old Blogs as we had neither seen nor heard anything from them recently, but we have just been informed by our administrators that they have paid nearly 8000 euros into the community account, clearing the last 4 years community fees, plus interest and legal charges! WELL DONE EVERYONE involved for keeping the pressure on our debtors - it does get results.
Its a fantastic success story for the community, as you will have read in the AGM minutes, through the new discounted charges system our administrators introduced, we reduced the debtors from 50K euros down to 14K over the past 12 months which was a splendid effort, however 12K of that belonged to Benalflat and Janet Hua Le Ho 2 longstanding debts we had passed to the lawer to initiate legal action to sell their apartments through auctions so the community could get paid. It now looks as though we will have been successful in getting all that 12k repaid by the end of this week, leaving us in a situation with just one owner that seems to pay as and when they feel like it and a couple of owners that always pay the interest and one quarter in arears.
Earlier in the summer, we received a complaint from one owner regarding the level of charges and interest the community had implemented on their outstanding debt, the administrators answer on behalf of the community was a simple one, you chose to ignore the payment requests so pay up or legal costs and interest will get higher! They paid up in full !!!!!!
There cannot be many communities along the CDS that have less than 2K outstanding on their community fees!!!
Once again this all points to the fact that our community is being well run, the complex is in great shape and with all the funding coming in we are able to budget, not only to keep the standards up, but to improve on them. Confirming our intention to make GGM2 one of the best places to live on the Costa del Sol.
Well done again to Alison and all the team at Intercala who do get pushed by the presidente and the committee to work tirelessly on getting our money in for us. If we can now concentrate all our chasing efforts on the one debtor we now have outstanding we can hopefully get that resolved soon - we will be in "zero debtor" situation.....What an achievement!
Joke, Ivett and Dave are today having a walk around to inspect all the work done, changes made and repairs that are needed whilst joke has been away. Updates on that report will follow.