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Former foreclosed condo owner tries to buy back unit with lien


Question:

Our 182 unit Condo association placed a lien on a unit and the condo board authorized our attorney to foreclose to take the title on the unit so we could rent it. When the sale date of the condo was on the docket, for some unknown reason a buyer bid and bought the condo lien, she thought she was buying a unit for $13,000, but the mortgage company has their lien sale date in a couple more weeks. One of the board members is complaining that something "fishy" was going on. This is the first time I have seen this in the 3 years I have been on the Board. Does any one have experience it this type of situation?


Answers (8)

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