Wedgewood Park Homeowners Association

What Wedgewood Park Homeowners Association's governing documents say

Wedgewood Park Homeowners Association (Grand Junction, CO) is a standard single-family HOA. This document is a Dues Collection Policy and Procedure that outlines the specific fees, timelines, and enforcement steps when a homeowner falls behind on assessments. It does not contain any other community rules beyond collections.

• Assessment due dates and payment: Assessments are set annually by the Board, must be paid in full by January 1, and are due regardless of whether a statement is received.
• Delinquency fees and timelines: Late fees and escalation fees: $15 late fee after 31 days, plus a $5 Delinquency Alert fee; $25 official delinquency notification fee; $15 additional monthly fee after 60 days; $50 Intent to Lien fee at 90 days; $100 lien recording fee at 120 days; $25 at 180 days plus legal costs; and additional $25 at 210 days if foreclosure process begins.
• NSF fees: A $45 fee is charged if a payment is returned for insufficient funds.
• Lien and foreclosure: All delinquent accounts become a lien on the lot. The Board may eventually initiate foreclosure proceedings, and the owner must pay recording and release fees (e.g., $50 for a release document, $150 if management records it).
• Repayment plans: An owner may cure delinquency by setting up a repayment plan to pay the balance in equal monthly installments over up to 18 months.
• Voting rights suspension: Voting rights are suspended while an owner's account is delinquent.
• Language assistance: An owner whose primary language is not English may request written notifications in their primary language, with the extra cost paid by the Association.
• Landlord liability for tenants: If an owner leases the property, the owner remains personally liable for all assessments, fines, fees, or penalties caused by the tenant.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.