You Know Longer Have to Pay For Your Neighbors' Problems - If your neighbor isn't paying condo fees, then you're paying them. And that's a problem. We are LM Funding, and we'll not only take this situation off your hands, but we'll give you money to help keep your association up and running during the collection process.

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News

Sarasota Herald-Tribune
Condo owners statewide could face increasing fees due to efforts by the Florida Bar. The Sarasota Herald-Tribune recently interviewed LM Funding’s Corporate General Counsel Aaron Gordon on this issue and why associations should pay attention.
February 2014

Palm Beach Post
LM Funding gaining statewide attention as Aaron Gordon continues to speak out about how a potential Florida Supreme Court ruling could financially hurt residents
February 2014

Fort Myers News-Press
News-Press real estate reporter Dick Hogan caught up with LM Funding’s Aaron Gordon to discuss efforts under way by attorneys that could increase operating costs for associations.
February 2014

Condo & HOA Management Magazine
LM Funding’s Aaron Gordon urges condo boards to keep an eye on the law lobby’s efforts to raise costs for associations.
January 2014

CNN Money
LM Funding President Sean Galaris speaks with CNN about issues related to “buying and renting foreclosures.
January 2014

Naples Daily News
LM Funding Corporate General Counsel Aaron Gordon warns condo boards to be vigilant as legislative session approaches.
December 2013

Condo & HOA Management Magazine
Another “bubble”? LM Funding president’s warning appears in leading trade magazine.
November 2013

Sarasota Herald-Tribune
An interview with LM Funding President Sean Galaris sheds light on a fragile real estate industry.
October 2013

Orlando Sentinel
Boards of directors should be vigilant of dangerous warning signs, according to LM Funding President Sean Galaris
October 2013

Sarasota Herald-Tribune
Don’t be fooled by current real estate trends, warns LM Funding President Sean Galaris.
October 2013

Naples Daily News
LM Funding president Sean Galaris warns condo boards to beware of reports of a “false recovery” in the real estate industry
September 2013

Tampa Bay Business Journal
LM Funding president Sean Galaris warns associations to beware of investors taking control of boards
July 2013

Tampa Bay Business Journal
LM Funding’s Aaron Gordon discusses how banks delay foreclosure process and payments to associations
July 2013

Naples Daily News
Associations should take action now to avoid bad bill
June 2013

South Florida Sun-Sentinel
LM Funding's Aaron Gordon gives kudos to defeat of banking lobby in Tallahassee
May 2013

CNN Money
LM Funding president Sean Galaris warns amateur real estate investors to be careful
May 2013

Fort Myers News-Press
Are elected representatives supporting your condo association?
April 2013

CondoManagement Magazine
LM Funding warns of legislation that could harm Associations
March 2013

Naples Daily News
Voters beware of proposed bill that could hurt condo associations
March 2013

The Palm Beach Post
Don't let banks fatten profits at expense of condo associations
February 2013

Condo & HOA Management Magazine
Do you understand the financial arrangement with your law firm?
December 2012

Naples Daily News
The question Associations should ask their law firm
December 2012

Orlando Sentinel
Conflict questions arise about law firms representing HOAs, banks
October 2012

Condo Management Magazine
Did You Know Your Attorney May Also Represent Banks?
September 2012

The Destin Log
Funding helps local condominium association get back on track
April 20, 2012

Florida Community Association Journal
Strategies For Associations’ Financial Recovery
January 17, 2012

Sun Sentinel
LM Funding opposes bill that penalizes condo associations
January 17, 2012

Florida Real Estate Journal
LM Funding: Sean Galaris
October 18, 2011

Condo Management Magazine
Recover More With A Professional Team
September 2011

Bloomberg Businessweek
Robo-signed mortgage docs date back to late 1900s
September 1, 2011

Sarasota Herald Tribune
How to stop a condo complex's slide into a slum
August 29, 2011

Bloomberg
Homeowner Associations in Need of Cash Sue to Force Foreclosures
August 24, 2011

HOA Leader
Turnaround Case Study: Venetia Country Club
July 2011

Orlando Sentinel
Collection fees bury homeowners late on association dues
June 10, 2011

West Florida Wire
Vengeance Foreclosures
June 2011

Florida Community Association Journal
"Vengeance Foreclosures" Unwise on Part of Condominium Boards
May 2011

Condo Management Magazine
Foreclosure by Associations Doesn't Make Financial Sense
April 2011

Condo Management Magazine
Vengeance Foreclosures Unwise on Part of Boards
March 2011

Tampa Bay Business Journal
Condo Associations Advised to Avoid 'Vengeance Foreclosures'
February 18, 2011

The Florida Real Estate Journal
'Vengeance foreclosures' unwise for condo boards
January 2011

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How It Works

It works like this: we’re going to make sure you’re not left holding the bag for something that shouldn’t be your responsibility. “We buy problems” means we purchase the right to collect delinquent dues on your behalf, making sure the Association never has to pay another legal bill again. Then we fund an amount equal to your worst-case collection amount immediately so you can operate your business. You can breath a sigh of relief right now if you want.

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Proof It Works

“We are very impressed by your firms’ expedience and follow up in providing the necessary funding which has taken a lot of financial pressure off of our Condo Associations.”
Dana Bessette, San Marino at Miromar Lakes Condominium Association, Inc.

“You have done a great job recovering full assessments on accounts in bank foreclosure… you have also been successful in obtaining accelerated assessments.”
Brenda Law, Greenacre Properties, Inc.

“Our association no longer has any legal costs in relation to collection of our assessments, and we don’t have to spend money on legal fees related to condos in foreclosure… LM Funding handles all the work for us and they pay for it even the comprehensive monthly reports.”
Ken Stoltenberg, Developer, Grand Central at Kennedy Condominium Association, Inc.

“LM Funding expects us to do everything possible to collect their money and all balances owed to the association…. and they have the money to make it happen.”
Bruce Rodgers, Owner, Business Law Group, P.A.

“LM Funding has become a partner to our association. The dedicated staff at LM Funding have helped us every step of the way in understanding the services and benefits of having LM in your corner.”
Jason Messer, Board Member, Westshore Yacht Club Townhomes II

“We could not have made a better decision. They shored up our cash flow issues by infusing an advance of the statutory amount due to us in foreclosure, thereby saving our Owners from a Special Assessment… They have been fair with the individuals who are delinquent or in foreclosure while representing the interests of the Associations.”
Carol L Schwab, Tropical Isles, Inc.

“Their aggressive collection tactics have brought this Association to a positive cash flow position and avoided a very large and damaging Special Assessment to the unit owners. I also enjoy being able to call an attorney and not worry about being charged.”
Diane Lee, Owner, DLG Management Services, Inc.

“LM Funding has been handling our collection on three of our properties for two years. Without LM Funding our properties would be in financial distress.”
James Wood, Property Manager, Presidio Realty, Inc.

“In these difficult economic times, LM Funding has helped us make a life changing impact for the Associations we serve. They have far exceeded the expectations of our clients and managers. LM Funding has made a difference and I highly recommend their services.”
Ryan Serra, Licensed Community Association Manager, The Continental Group

“A quick turnaround in initial funding on broken condo deals has saved our associations from filing bankruptcy.”
Diane Lee, Owner, DLG Management

“Nobody has better reporting to Boards of Directors of delinquent case status than LM Funding.”
Craig Caldwell, President, Condominium Associates, Inc.

“Two years ago, over 40% of the units in our condominium went into foreclosure and our condo fees stopped coming in. Our Association did not have cash to pay our bills, or keep the property up. We did not even have enough money to pay our annual insurance premium. Thank goodness for LM Funding, they gave our Association cash to pay bills and keep our insurance current.”
Don Jennewein, Board Member, San Isles Condominium Association

“Two years ago, over 40% of the units in our condominium went into foreclosure and our condo fees stopped coming in. Our Association did not have cash to pay our bills, or keep the property up. We did not even have enough money to pay our annual insurance premium. Thank goodness for LM Funding, they gave our Association cash to pay bills and keep our insurance current.”
Don Jennewein, Board Member, San Isles Condominium Association

“With limited options, we turned to LM Funding to provide financial assistance in funding our HOA and legal assistance taking over the debt collection process. Since working with LM Funding our association has been able to keep our legal expenses to a minimum and have seen our delinquencies shrink to only a few remaining properties.”
Jason Messer, Board Member, Westshore Yacht Club Townhomes II

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