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ARIZONA HOAs GOING ON FORECLOSURE BINGE
- Homeowners’ associations in Arizona are going rogue and foreclosing on homes at a massive rate, according to a published report. In some cases, HOAs are foreclosing on homes where the owners have unpaid balances of $1,200 in HOA fees. HOAs have filed more than 3,000 foreclosures actions in the past two years in Arizona. There are about 9,000 HOAs in Arizona.
NATION’S ONLY CANNABIS-THEMED COLLECTION AGENCY TOUTS SERVICES
- CannaBIZ Collects claims to be the nation’s first and only collection agency aimed at the legal cannabis industry. The agency is focusing on commercial accounts between businesses, according to a press release it issued last night. It is run by Ross Gelfand, whose LinkedIn profile says he received an MBA and a law degree from Emory University in Atlanta.
ARM M&A SPIKES IN FIRST HALF OF 2017
- A summary of the revenue cycle management and ARM M&A deals from the first half of 2017 show a significant uptick in the number of collection agencies that were bought and sold. There was $4.4 billion of ARM deals closed in the first six months of 2017, up from $2.6 billion a year earlier.
CMAX FINANCE MOVES HQ TO CHICAGO SUBURB
- CMAX Finance LLC, a specialty lending finance company, serving small and medium size debt-buyers with flexible and dependable funding solutions is pleased to announce that it has successfully completed the move of its operations to Libertyville, Ill., a convenient suburb of Chicago.
WORTH NOTING: The famously technology-averse Amish are using more smartphones and computers … Here are six reasons why procrastinating is good for you … The average American spent the equivalent of nine days commuting last year … Is it time to re-think the 8-hour workday? … The most popular grocery store in every state … Motel 6 says it will no longer call immigration agents on guests it believes to be in the country illegally … Macy’s is hiring 80,000 workers for the holiday season … There was a terrorist attack in London this morning … Poor diet is a factor in 20% of all deaths, according to a new study … Hurricane Harvey caused a “demon” fish to wash up on shore in Texas .. Selena Gomez had a kidney transplant.
Hacks you should have known yesterday
SpaceX shares many of its rocket failures
The Daily Digest is sponsored by TCN, a leading provider of cloud-based call center technology for enterprises, contact centers, BPOs, and collection agencies worldwide.