What is the basis of LMF’s Funding & Assignment Agreement from the Association’s perspective?
LMF will provide a purchase proposal based on each Association’s specific situation. The general premise of our agreement is that LMF purchases assignments of delinquent Association assessment balances, and the Association authorizes LMF’s attorneys to lien collect upon Associations behalf. The Association assigns its rights to collection proceeds to LMF. LMF offers a true win-win transaction. LMF’s Purchase Agreement is based upon the philosophy that the association will be better off with LMF’s deal under every possible scenario.
