HOA delinquencies are surging across the U.S., driven by declining household liquidity and rising association operating costs. Total HOA liens exploded by 41.7% between 2022 and 2025, while foreclosure filings jumped 46.1%. This shifting landscape exposes mortgage servicers to major financial and operational friction, including REO bottlenecks and regulatory compliance fees. Moving from reactive crisis management to proactive portfolio surveillance with Cotality's PIM platform enables automated risk tracking and protects your capital.
41.7%
Spike in total U.S. HOA liens over three years, jumping from 177,260 in 2022 to 250,951 in 2025.
41.7%
Spike in total U.S. HOA liens over three years, jumping from 177,260 in 2022 to 250,951 in 2025.
47.5%
Conversion rate of HOA liens to foreclosures in Minnesota, the highest enforcement rate in the country.
