Wholesale deal please help... sorry double post

[Rito Altamirano]

hello all thanks for reading my post . So the other day i came across a deal here in las vegas nv, i spoke to the owner of a home who owns a home free and clear. In a nice part of the sw side of las vegas the comps on the area are 180 to 200k. The gentleman is asking 115k cash. Im think i can get it and add another 10k on top for a profit.  It only needs cosmetic repairs no more then 10k.  

Its a great deal number wise but heres the issue ... the title is not clear because he purchased the home at auction and said "they wont insure the home due to the hoa deeding" off the title. 

Is this deal possible and would any investors be interested in a deal like this or is this a deal to walk away from due to title issues

[Guy Raveh]

You may never be able to get clear title on this property and may never be able to sell it because no title company would insure it as it is. The owner didn't purchase the property. What they purchased was the HOA lien. Because of a NV supreme court decision the HOA lien currently supersedes the loan on the house in NV. Is that ever going to change? I don't know