Hi Folks,
quick question to any apartment owners that are on their Management Company's board of directors or to anyone who may know also.
Is it possible for a management company to sell some of their debt (monies owed to them by apartment owners) the same way that a credit card company or bank can sell your loan debt to other companies?
I am sure there is a hefty discount that might apply but might be attractive in getting something back from long term debtors who may not pay up even after lengthy court proceedings.
Thanks
DeeJay
quick question to any apartment owners that are on their Management Company's board of directors or to anyone who may know also.
Is it possible for a management company to sell some of their debt (monies owed to them by apartment owners) the same way that a credit card company or bank can sell your loan debt to other companies?
I am sure there is a hefty discount that might apply but might be attractive in getting something back from long term debtors who may not pay up even after lengthy court proceedings.
Thanks
DeeJay