We routinely attempt to contact the HOA at the time we receive the listing in prelist to start the process; as HOA payouts are the number 1 reason title can not close in time on our properties. Still not help as several of the attorneys representing the HOA defaults currently are refusing to provide a payout until the CT is provided showing the ownership change. In some of the counties we work in that's a 4-5 week process. We are listing and selling the properties and attempting to close before the CT is recorded..and then waiting 10-14 days to get an HOA payout once they see the CT.

And then of course the attorney fees are outrageous with additional late fees etc...getting to be more and more of a mess in my area despite the decrease in REO's. I guess the short sale closings are following the same cycle and that cant help their days to close either..