Possible Investment

[John O'Neal]

I work in Property Management for HOA's, and a situation arose a few months ago that I found quite interesting.

An elderly owner of a unit within one of the HOA's we manage, was taken away by authorities because he was not deemed fit to take care of himself (severe dementia). Mortgage is paid off, he has no family or next of kin to take over the property. Once the delinquency of his monthly HOA Dues reach $1,800.00, the HOA will be foreclosing on the unit.

I feel kind of scummy thinking about capitalizing on this poor guys situation, but if not me, someone will. Is there some way of obtaining this property before it goes into foreclosure, or does the process have to resolve no matter what? Any insight whatsoever would be great. Thanks!