Bought HOA Lein (Not on purpose)

[Tim Czarkowski]

I have been buying at foreclosure auctions recently and doing pretty well. Unfortunately last week I purchased what I believed to be a first but it ended up the mortgage company was re-foreclosing the HOA lien because of an error. Needless to say my title company was not doing what I thought they were and confirming which lien was actually being foreclosed. I was planning on switching companies after this deal because the guy seemed disorganized and did not really seem to understand what I was doing. One deal too late I guess. I purchased the lien for 12,700 and have a buyer lined up at 38,000. The first mortgage balance was 33,000 back in October. So basically if I'm looking at losing my entire investment at a minimum and maybe a little more after closing costs. My question is do I have any other options? I am meeting with my attorney on Friday to discuss it but I would love some other opinions on what to do.

I need to act quicker on my gut. I was using this guy because he works out of my office, so it's who the broker pushes us towards. He claimed to know what he was doing but he seemed unable to answer some of my questions and asked others he should have known. Oh well, it could have been a much more expensive lesson then it was I suppose.