Are you interested in learning how to be a money raising machine or do you only want to analyze deals? 

I dealt with them on a short sale and it was a nightmare, they wouldn't negotiate on the amount owed and they didn't have a phone number, just an email, a fax machine and a UPS box.Acquiring title to an HOA property at the judicial auction is another story, the HOA gets paid on their lien and subsequent final judgment and you get title (typically clouded and subject to 1st mortgages).