Sperlonga, based in Arlington, Va., has published a white paper entitled, ‘The Hidden Threat of HOA Liens: Why Delinquent HOA Accounts are a Threat to Investor ROI and First Mortgage Lien Positions.’
The white paper, authored by Sperlonga Chairman Matt Martin and Senior Vice President Brent Stokes, details the pitfalls that homeowner association (HOA) liens for unpaid accounts pose for the mortgage and residential mortgage backed securities industries.
‘There are over 350,000 HOAs in the country,’ Martin says. ‘The mortgage process has not historically tracked them in order to communicate on things like presenting claims for payments or monitoring delinquencies.’
The white paper is available at the company's website.