Tuesday, March 18, 2014

Debtors Update - Feb 14

The latest debtors report is now available for download here: 28-02-14 List of debtors by block

We are pleased to highlight following a lot of enforcement work over the past 1-2 months the debt level is decreasing and is now at the lowest level ever

Over the past few weeks more enforcement work has taken place and we are hoping to see a further reduction next month as well.

All residents are reminded to check their statements and report any payments that may have been missed to the management office without delay.

Currently there are several major disputes owing to sub sale issues whereby an outstanding amount wasn’t settled during the sale process and they have now found that they are liable for any sums owed.

Any sums owed are attached to the unit and not an individual so it will not be possible for the JMB to either write it off or commence recovery proceedings from a previous owner.

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