Need to ask if these were purchase money notes, refinances or equity based notes as there are differences in the disposition of collateral and redemption rights and equitable positions of borrowers.Bankruptcy courts may go the cherry picking route, the Trustee probably doesn't have a clue as to the note market or valuations and the asking price is negotiable.

(S)he must petition the court that handled the auction because there may be other liens, etc. that need to be added to her costs. 

The builder developer could offer the neighbors a partial interest buying him out, In such cases the property may need to go to court to patrician the interests forcing sale if the builder goes there.

If the home looks like a rental it will most likely function at a lower mark.

If anyone is interested, I wrote an article about a case involving Encinitas, California homeowners that sought to protect their homes by fixing seawalls, but ran into the force of government.The California Court of Appeal Allows California Coastal Commission to Force Permitting Concessions for Seawalls on Encinitas Homeowners - http://www.businessjustice.com/the-california-cour...

Then you have to use the courts to deal with something that is more easily dealt with by the condo association. 

I have a called a couple of the courts around San Antonio and no one can seem to direct me in a good direction.  

Summary ejectment procedures must now be handled in district court rather than magistrate court necessitating hiring an attorney to evict a lease option tenant for breach.

I was able to retain an attorney, present my case in court, demonstrate that I had the financial means to provide a better lifestyle, and show that I was not bound to a job (more flexibility).

Either way, court is probably not the way to go.