Can SOMEONE please explain to me why LLCs bid on HOA liens

[Christian Paolo]

Hello,

I have been following the daily foreclosures for South Florida now for the past 24 months, everyday i look at the daily activity to get a sense of the pricing and overall market. I keep seeing LLCs bid on the these HOAs and I know they are not rookies or this is a "mistake"

Could someone explain to me what you can do with an HOA lien ? and worst case scenario ?

Auction Sold

09/27/2017 09:08 AM ET

Amount $17,100.00

Sold To 3rd Party Bidder

Final Judgement Amount $17,093.76

Whats their BEST and WORST case scenario to invest $17,100 USD ?

You can PM me the answer if this is one of those "industry secrets"

Thanks,

Christian