HOA owned homes due to Foreclosure

[Gina M Coen]

I learned that my HOA has foreclosed on and currently owns over 100 houses in my community. I would assume that it's not convenient for them to own these properties as:

1. They will have to continue to pay any liens on the property (if previous owner is not) or risk getting foreclosed on

2. They probably prefer having residents paying HOA dues.

What are the "rules" for these HOA owned homes? I know that the HOA can only foreclose on these homes maximum for what they are owed. Now that they own these homes, can they sell them for full price if they choose to, or do they still have to accept only what they are owed?

Thanks!