Our Champaign County HOA lawyers understand that the coronavirus pandemic and its economic effects could have a massive impact on local HOAs. In this article, we explore how the current economy is similar and different to the 2008 recession, and how to plan for a potential future economic downturn. You need a strategy tailored to your unique needs. Are you already involved in a home foreclosure? Are you behind on mortgage payments? How about your credit cards? It’s important that people take their financial temperatures now before issues crop up. Consult with one of our attorneys today. Going into uncertain times with a road map is invaluable.
Our attorneys can analyze your situation and help you understand timelines, best and worst-case scenarios, what options you have, and when to exercise them.