Office Closed

The Northern Virginia Management office will remain open during normal business hours, but the lobby will be closed, and business will be transacted via phone or email.  Payments can be put through the mail slot on the office door.  We thank you for your cooperation as we work together to stop the spread of the virus.

DELINQUENCIES

DELINQUENCIES

Northern Virginia Management, Inc. has an ongoing, effective delinquency program. After reviewing the Association’s governing documents, Northern Virginia Management, Inc. makes recommendations for implementing a delinquency policy, if one does not exist. If one does exist, Northern Virginia Management, Inc. will follow it. Northern Virginia Management, Inc.’s standard procedure for handling delinquencies is that after the 10th or the 15th of the month, depending on the Association’s policies and governing documents, Northern Virginia Management, Inc.’s accounting department generates and forwards a delinquency notice to the owner. A late charge is applied, if permitted. If funds have not been received in another 15 days, it is then followed up by a second delinquency notice. After that time, depending on the policy of the Association, records are turned over to the association’s collections attorney. Collection action then becomes a legal matter and advice is rendered for acceleration of fees, if provided, foreclosure against the unit, or other legal remedies.