Precedent Management

News and Articles™™ Blogpost™ was created by Precedent Management for the user who has a periodic need for community association (HOA) contact information, identify if a property is subject to an association, request specific documentation or order a HOA lien search.™ is designed to help real estate lawyers, servicers, title companies, financial institutions, investors, real estate aggregators and other individuals to address their HOA issues from the convenience of their computer.


NRMLA Annual Conference

News - Precedent Management

--> Precedent will be attending the NRMLA’s National Conference in San Francisco, held from November 13th through the 15th. Hope to see you there. [More]

HECM Assignment and HOAs – Are you Doing It Right?

News - Precedent Management Home Equity Conversion Mortgages (HECM) have recently become a very popular product with Americans as they enter their senior years and utilize the equity in their homes to lighten the burden on their financial situation and increase the quality of their lives. The large numbers of HECM loans serviced has led to increased regulatory oversight and policies, and increased responsibility for servicers. A little noted passage on page 4 of the HUD Mortgagee Letter 2017-05 is beginning to get the attention of HECM servicers nationwide. Mortgage Letter 2017-05 is focused on HECM Claim Type 22 (CT-22) Assignment Requests, and among other things requires HECM servicers to provide contact information for HOA/Condo Associations and proof that all fees are current for assignment requests to HUD to be processed. What does all of this mean and how can servicers take advantage? [More]