HOA foreclosures

[Douglas Trimmer]

I'm a real estate investor in NC. I recently purchased a property through an HOA foreclosure. There is still a bank mortgage on the property. I'm not the borrower and so the bank won't work with me on taking over the loan. As the original owners let the property go into default and foreclosure will I be given the opportunity to purchase the home before the public. I am the deed owner but I don't know what rights that gives me in regards to NC foreclosure law. Any help is appreciated.