I’m particularly interested if anyone has experience buying HOA liens at auction where the foreclosed owner exercised their right to redemption within the 90 day redemption period.
(Answer under the assumption there are no mortgages recorded against the property.)
Who reimbursed your purchase amount? Was it the trustee that took your cash at auction? Did the redeeming owner have to pay you interest? If they did have to pay interest, at what rate? How long did it take to get repaid (assume they waited until the 89th day after the auction to redeem)? Did you have to take legal action to get your money back from trustee or is it an automatic process that follows some civil code?