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Your question implies that your association and its board pursued a cause of action -- whether through negotiation, mediation or a court of law -- and was awarded a cash settlement.

Realistically, based on the cause of action, the monies awarded were awarded based on a series of claims that included evidence.

The monies, therefore, are best applied to cure the basis for the claims. Any excess funds can be disposed of based on the best advice given to the board.

If you believe that you are being denied funds due you as an owner in this process, your best advisor will be your association-savvy attorney.

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Q: Does the homeowners association have the right to keep settlement monies from the homeowners?
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