Words of wisdom #hoamanagement #hoaliving #homeownersassociation ? ?
HOAMCO (Homeowners Association Management Company)
房地产
Prescott，AZ 1,075 位关注者
The Industry Leader in Community Association Management
关于我们
Since 1991, HOAMCO (Homeowners Association Management Company) has successfully handled every aspect of community association management. Check out our website: www.hoamco.com HOAMCO is a full service community association management company servicing the needs of over 150,000 homeowners in 17 markets. From condominium communities to custom home developments, HOAMCO provides service levels that are unsurpassed.
- 网站
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https://www.hoamco.com
HOAMCO (Homeowners Association Management Company)的外部链接
- 所属行业
- 房地产
- 规模
- 501-1,000 人
- 总部
- Prescott，AZ
- 类型
- 私人持股
- 创立
- 1991
- 领域
- Management Services、Property Management Services、Lifestyle Services、Developer and Builder Services、Education和Marketing Services
地点
HOAMCO (Homeowners Association Management Company)员工
动态
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What is the Corporate Transparency Act? What are the filing requirements that it creates for community associations? #HOAMCO #homeownersassociation #communityassociation #homeownership
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Words of wisdom #hoamanagement #hoaliving #homeownersassociation ? ?
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Happy Labor Day from HOAMCO! #laborday #hoamanagement #hoamco #homeownersassociation
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Welcome Will Rogers Equestrian Ranch, in Queens Creek, Arizona! #hoamanagement #homeownersassociation #communityassociation #homeownership #hoamco #willrogersequestrianranch
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Words of wisdom #hoamanagement #hoaliving #homeownersassociation ? ?
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What in the World is Escheatment? By Michael Franciosi, HOAMCO Vice President of Operations Quite simply, escheatment is the process of an institution handing over unclaimed property to its state. We may see this in the case of an abandoned bank account—the bank, after having tried to contact the owner of the account unsuccessfully, must escheat the funds to the state. One can actually search online for unclaimed property in any respective state. Give it a try and see if you have may have any unclaimed property held by a state in which you have lived! But, in the meantime… how does this impact homeowner associations? A Homeowners Association or Condominium Association would be, in essence, the “institution” that may be holding funds that belong to someone else. This generally arises from a refund needing to be issued to a prior homeowner who had a credit balance (prepayment) on his ledger at the time that the property changed title. Although HOAMCO sends refund checks to prior owners with credits on their accounts, if the title company or the seller (prior owner) has not provided a good forwarding address, the checks, when sent to the old property address, often end up being returned by the post office. Another situation that we see is if the amount of the refund is not perceived as substantial, the prior owner simply does not cash the refund check. Regardless of the reason, if an association has in its possession any funds for prior owners, those funds are considered “unclaimed property”. An association cannot legally keep this money—therefore, HOAMCO undertakes the responsibility on behalf of our clients to escheat to the state this “unclaimed property” in order to keep the association compliant with the law.
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Words of wisdom #hoamanagement #hoaliving #homeownersassociation ?
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Words of wisdom #hoamanagement #hoaliving #homeownersassociation ?
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Words of wisdom #hoamanagement #hoaliving #homeownersassociation ?
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