LRES White Paper Focuses on HOA Liens – NMP Skip to main content

LRES White Paper Focuses on HOA Liens

NationalMortgageProfessional.com
Mar 09, 2016

LRES, an Orange, Calif.-based REO and appraisal management company, is now offering a free white paper, “What Mortgage Servicers Need to Know to Prevent Liens from Destroying Investor Profits.”

According to the company, this new white paper eliminates some of the confusion over the lien position of HOA properties in relation to investors and mortgage holders, as well as provides guidance for loan servicers on how to protect the lien rights of their investors where conflicts arise between the various lienholders of a property residing in one of these communities. One recurring challenge occurs when an HOA forecloses on a property for unpaid association fees, and the servicer then faces significant risk of increased loss and even of losing its investor’s stake in the property. Since no investor would consider this acceptable, servicers are left in need of a better method of managing the HOA lien process. This whitepaper offers an effective strategy for dealing with HOA fees and liens over the life of the loan.

“Our new white paper delivers sound advice for servicers on how to effectively manage the intricacies behind the HOA lien process,” said Roger Beane, LRES founder and CEO. “Homeowner associations are very important to the housing industry as a whole, which is why it is extremely important for servicers to have a good understanding of the risks to be mitigated and the requirements for doing so.”  

Published
Mar 09, 2016
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021