I bought a condo at a HOA auction in Florida last year. This was my first time and I did not know anything about primary and secondary liens. Anyways there was a mortgage on the property. I did everything I could to save the property. The owner was living in the property and I begged her to allow me to buy the property through a short sale and she refused and would not cooperate with me at all so I had to go through the courts and legally evict her.

I spoke to a few real estate attorneys who advised me to try to rent it out to recoup my losses because there was no hope, so I did. The bank contacted the tenant and told her that because it was a reverse mortgage she as the spouse can live in the home. She stopped the foreclosure proceeding and the bank rescheduled the sale and started a loan modification (or whatever thats what she told me). The date of the sale came around and the bank tried to stop the sale again but the judge denied it and the bank bought the property at the foreclosure. A few weeks after the foreclosure the association contacted my tenant and told them to pay them rent or the association will evict them and sent me a copy of the letter.

That was almost 2 months ago. I am still listed as the property owner, I am confused and I feel like I am in limbo.

Can someone explain what is going on to me. Thank you