Buying from HOA

[Royce Talbo]

I'm not familiar with how foreclosures work and was wondering if I should pursue this property. 

property was sold for $249,900 in July 2004

HOA has attained title, I am assuming they have foreclosed on the property and this is not just a lien, this was in may 2013

Tax is current and not due till 2015

tax records assess property at $404,800

trulia has it at $382,800

so my question is that if HOA has the title that means that they already foreclosed and I can go directly to them to purchase? How can I find out which bank holds the mortgage and will they let me do take over payments?