This is a win-win situation for them because even if they move out after one year, they are not obligated to pay the second year cost but you have increased your properties value.

The contractor in particular that I have been talking to is a strong local player with connections throughout the town. 

You should know your audience and realize that you have already had responses from some "big players" in the game.  

Thought it was a win-win.. but almost verbatim as Rich mentioned, i got the "but i did all this work for you" line every. single. month. from then on until i finally booted him out. 

If you have the winning bid, you are required to pay the full amount, usually within a couple hours.Even after you win, the Owner has a certain amount of time to redeem the foreclosure and take the property back.

Hi, in FL - I noticed a situation where the sub association recently foreclosed, and now the Master HOA for the same is scheduled to foreclose aswell within weeks apart.Does that mean that whoever was the winning bid on the sub-association foreclosure will be wiped out when the master association proceeds, does it have seniority? 

Unsure if I'll win, however my civil cross complaint means she has some explaining to do. 

I'd have your VA simply establish that the owner is interested in selling, and then follow up yourself to determine what type of transaction would create a win-win for both parties.

The tortoise always wins.

Instant equity and cash flow for me. win-win!