NCS Plus Inc., doing business as RecoverHoaDues.com, has received its license from the Nevada Financial Institutions Division to act as a collection agency for homeowners associations in Las Vegas.
The New York-based company plans to take a “softer approach” to recovering past dues and liens, said Richard Slater, director of HOA operations. The firm charges $20 to collect past-due amounts, eliminating costly legal fees and preventing HOAs from filing liens that could lead to foreclosure.
“Many homeowners complain they could pay their late dues, if it weren’t for costly legal fees that get added to their bill,” Slater said.
RecoverHoaDues.com has recovered 40 percent of delinquent fees nationwide and prevented foreclosures for 781 families in 14 states, he said.
The company uses a phone and letter campaign, skip tracing and legal letters to get homeowners to work with their HOA to avoid being reported to credit-rating agencies such as Equifax and TransUnion, Slater said.
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