buying homes from hoa auctions

The advantage of purchasing a property in an auction of HOA Liens is that a purchaser may be able to purchase a property which has equity.  If the purchase price at the Lien Sale plus the encumbrances which were not foreclosed out are less than the value of the property, the purchaser could obtain a equity position in the Subject Property.  Because the uptick in HOA lien sales is a relatively new trend, as well as the unsettled status in some manner of lien priority between HOA liens and trust deeds, purchasers should be aware of the exigencies of purchasing at HOA Sales.