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As more homes come under the jurisdiction of homeowner or condo associations, related liens are becoming a major impediment to a seamless transition of purchased and REO properties. Chronos is the industry leader in offering HOA and COA Solutions that bridge the gap between lenders, servicers and community associations to ensure the lines of communication remain open at all times—even after a property has completed foreclosure. Our services expedite the identification, delivery, and resolution of outstanding account balances related to association fees. Using unique technology and one-of-a-kind HOA account management tools such as Community Association Locator and Delinquency Check, Chronos helps investors, servicers and lenders save time and expense by identifying and managing potential HOA obstacles.
One of the most stubborn challenges in resolving COA or HOA Liens is the lack of a central repository of the contact information for these Homeowner and Condo associations along with the property/unit addresses within those associations. Therefore, discovering a lien, then tracing the key data to cure it can be a source of time and expense, especially in larger portfolios. Chronos Solutions uses a robust and proprietary database unlike any other in combination with an impactful process to ensure your transaction will stay on course.