FIRST COLLECTION LETTER SAMPLE to be sent via regular and certified mail TO: Owner in Debt Address NOTICE

OF NEW DEBT COLLECTION PROCEDURE AND MANDATORY RE- PAYMENT

RE:

Dear Owner: I am writing to notify you of the new Assessment Collection Procedure adopted by the Macassar Gardens Condominium Association (the Association) at the December 2002 board meeting. This new procedure will directly impact you due to your outstanding assessment debt with the Association. PLEASE TAKE THIS VERY SERIOUSLY! READ ALL OF THE INFORMATION BELOW AND ENCLOSED. PLEASE CONTACT THE BOARD IMMEDIATELY UPON READING THIS INFORMATION! The following items are enclosed for your review: New Assessment Collection Procedure (adopted unanimously December 2, 2002) The portion of Pennsylvania Statute that states the Condominium Association receives an automatic lien on the Property upon Assessments becoming due and not paid, and gives the Association the authority to file an action for the JUDICIAL SALE of units failing to make assessment payments. A draft copy of a Payment Agreement Current invoice which details your outstanding assessment.

Our goal is to collect all assessments, fines and interest owed the Association since all of the owners in the Association rely upon each other to do their part to keep the Association financially stable. As part of the collection procedure ALL units with assessment debts MUST enter into a Payment Agreement OR THE ASSOCIATION WILL FILE AN ACTION FOR JUDICIAL SALE OF THE UNIT. A JUDICIAL SALE MAY CAUSE YOU TO LOSE YOUR HOME AT THE TIME OF THE SALE AND MAY IMPACT YOUR CREDIT. You should understand that this is a very serious situation and you should contact a lawyer to fully understand you rights, responsibilities and the consequences. Once again the goal of this procedure is to collect the substantial money collectively owed to the Association by delinquent owners. The goal is not to utilize the harsh collection procedures available. Please work with us to resolve this situation! You have thirty (30) days from the receipt of this letter to make payment arrangements for your delinquent assessments. This will require your entering into a Payment Agreement with the Association. You may enter into the Payment Agreement by attending the Board meeting scheduled for [insert date] at [insert address]. Thank you for your cooperation in this matter. If you have any questions, please do not hesitate to contact me. Cc: President, MGCA Treasurer, MGCA