In our experience as association attorneys, we have found that Safe Harbor discounts (12 months or 1%) have been frequently misapplied and may be recoverable in some cases. It’s important to know that your association may be entitled to these previously written-off fees, often in substantial amounts.
PeytonBolin PL is available to assist in the recovery of these funds.
How Does It Work?
The association provides PeytonBolin with a list of units, ledgers for those units, and a copy of the payoff or estoppel showing the reduction in amounts owed due to application of Safe Harbor discounts (12 months or 1%) in the last five years.
We research and review the required documents pertaining to each, and determine which ones may not be entitled to the write-off.
If we find some candidates for recovery, we will pursue these cases on a contingency basis. The association will not owe anything unless we recover money. (Upon recovery, the association will be responsible for costs.)