Tag Archives: Selling debt

Condo owner shares her LM Funding HOA horror story

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By Deborah Goonan, Independent American Communities Today’s blog is an update on LM Funding, the controversial company that has been the subject of two class action lawsuits.  While the Tampa Bay Times recently reported that LM Funding has been able to stave off one class action lawsuit, the company still faces a second class action lawsuit by condo associations, claiming deceptive trade practices and charging illegally high interest rates. Ironically, on its website, LM Funding claims it Continue ReadingCondo owner shares her LM Funding HOA horror story→

No Kidding! LM Funding opposes regulation of HOA collections policy

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By Deborah Goonan, Independent American Communities   Sometimes I read an editorial opinion letter that just screams “propaganda” and oozes hubris. This is one of those times. As you read this arrogant spin on why HOAs ought to be able to pursue assessment collections without any reasonable limitations, keep in mind its author: Aaron Gordon, General Counsel for LM Funding Company. House bill could damage Florida’s real estate recovery http://www.sun-sentinel.com/opinion/commentary/fl-agcol-oped0308-20160307-story.html Let’s see, Gordon thinks that Continue ReadingNo Kidding! LM Funding opposes regulation of HOA collections policy→