http://motherjones.com/politics/2010...tion-foreclose

Soldier in Iraq Loses Home Over $800 Debt

— Flickr/US Army

Capt. Michael Clauer's homeowners' association foreclosed on his family's $300,000 house and sold it for $3,500. The buyer then resold the house to a third person.
<-- They forgot to mention the 'third person' is the company who owns the HOA management company.

Fuck the HOA and the greedy mofo who did this. Unfortunately, lately it's becoming more common for the HOA boards to sell a 'foreclosured prop' to one of their family members and he/she sells it back to the HOA for upto 1000x the price to make a quick buck.