Homeowners Fees

What do I do if the closing doesn’t happen?

If documentation has not been received indicating a successful closing, YMG's closing coordinator will reach out to the closing attorney to check on the status. For unsuccessful closings, the closing hold on your account will be removed. Any payments that were received and held during the closing hold will be applied to your account as [...]

By |2023-05-17T18:51:36+00:00May 17th, 2023||Comments Off on What do I do if the closing doesn’t happen?

What does “Closing Hold” mean for me?

YMG immediately stops payments from being received on any accounts on a closing hold. This is done to maintain the accuracy of the closing statement that was sent to the attorney. It is important that this information is accurate, as that amount will be collected at the time of closing. No late fees will be [...]

By |2023-05-17T21:54:04+00:00May 17th, 2023||Comments Off on What does “Closing Hold” mean for me?

I’ve scheduled a closing date for the property I’m selling. What happens next?

Once a scheduled closing date for sell of your property is determined, your closing attorney (or the homeowner) submits closing documentation to YMG. Once the closing documentation is received, YMG will put the account on a “closing hold”. A packet of information will then be sent back to the closing attorney. This documentation includes, but [...]

By |2023-05-17T21:17:28+00:00May 17th, 2023||Comments Off on I’ve scheduled a closing date for the property I’m selling. What happens next?

What happens if my account is delinquent and I don’t respond to the letters or the collection attorney?

The goal of every association is to preserve the value of the community’s assets and the property values for each homeowner. When assessments go unpaid, homeowners are negatively impacted because the financial responsibility of the community are equally shared among all neighbors. Delinquent accounts can mean unpaid bills and put the community in jeopardy. Rules [...]

By |2023-05-17T21:19:10+00:00May 17th, 2023||Comments Off on What happens if my account is delinquent and I don’t respond to the letters or the collection attorney?

What happens if I don’t pay my bill?

Each association’s documents can require a different set of rules. Often if there is non-payment on an owner’s account, the covenants expect a late payment fee and interest to be assessed on the account. If the account continues to go unpaid, a preparation of account fee will also be applied to the owner’s account. Should [...]

By |2023-05-17T21:30:00+00:00May 17th, 2023||Comments Off on What happens if I don’t pay my bill?

What is a “Special Assessment”?

When the Board of Directors determines the need for a capital expense that is above and beyond the normal budget for the community, a special assessment may be required. Often, a vote is needed from the community to approve the added expense. Special assessments can cover additional expenses such as an unexpected property loss, deferred [...]

By |2023-05-17T21:32:28+00:00May 17th, 2023||Comments Off on What is a “Special Assessment”?

How do I pay my dues?

YMG offers easy and convenient payment options: Secure Online Payment through the YMG's homeowner’s portal (Preferred).You can find access to the portal via our Homeowner Login button.

By |2023-05-17T21:44:21+00:00May 17th, 2023||Comments Off on How do I pay my dues?

Will I receive a bill from the HOA?

Many homeowners still receive coupon books once a year at the expense of the association. Every year more and more of our communities elect to go “paperless” to save their association the added expense of these coupon books. Additionally, homeowners have the opportunity to go “paperless” themselves by signing up for eStatements in lieu of [...]

By |2023-05-17T21:44:51+00:00May 17th, 2023||Comments Off on Will I receive a bill from the HOA?
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