Banking Law

HOMEOWNERS ASSOCIATION DEBT COLLECTION: A BASIC SUMMARY

by: Karen Kurth and Timothy Erb For most homeowners associations, owners of property within the association are bound to pay annual or monthly assessments to the association to cover common expenses incurred by the association to operate the association. The amount and nature of the common expenses will vary depending upon whether or not the association is a condominium, attached town-home, detached town-home or single family home association. Such common expenses often cover costs incurred by the association related to insurance, maintenance, property management, and other costs incurred by the association to own or maintain common elements. The declaration, which is recorded against title to the property, not only typically requires each owner to pay assessments, but also specifies the..

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Attorney Thomas R. Wentzell joins Barna, Guzy & Steffen, Ltd.

Barna, Guzy & Steffen LTD. announces the addition of a new associate to our firm. Thomas R. Wentzell has joined the firm’s Real Estate and Banking Law departments. He will be working closely with attorneys practicing in the firm’s growing Real Estate and Banking areas serving existing clients and enhancing the firm’s ability to serve new areas of the community. Tom was a law clerk for Barna, Guzy & Steffen’s Business and Employment Law Litigation group from January 2012-April 2013 while he was completing his law degree at University of St. Thomas School of Law. He is returning to the firm from his recent position as a Compliance Analyst at Ameriprise Financial in Minneapolis. Tom graduated cum laude from University..

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