Public replay to Carl:

You have rasied many issues and I am only going to address a few.

First, we have had very few cases, if any where the delinquent fees have approched $10,000.00. We have a couple, one in bankruptcy and another in an estate that are far above the usual delinquency amount, but they are being resolved.

When we sell accociation acquired units through our closed bid auctions, we incur no sales costs. When we sell the acquired units through HGVC Realty, their commission is 25% and we get a discounted rate from them.

Our delinquency rate is very low, below 5%, and is not a major problem for the association. It is not uncommon is lose a few dollars on sales of units in weeks in the high 20's and all the 30's, but we usually make money on all the other weeks. All in all, I think we gain a few dollars on foreclosure sale.

Our main objective is to get new or existing owners to buy the delinquent weeks. Our association is not in the rental business and we welcome those who wish to add to the presently owned weeks.

As a Board, we are always sorry when we have to increase maintenance fees, but look around at your other expenses. Do they go up or down? Our Board is in the same economical situation with the economy in general, our costs go up and we have no other way to cope with it.

Lynn L Perkins