Florida Homeowners Association Uses "Reverse Foreclosure"

This is a good idea if your state foreclosure laws will allow this.   The problem:  properties in the middle of a forclosure tend not to pay monthly fees.  And in this economy, the bank drags its feet on the foreclosure, because it will have to pay fees once title transfers.

One answer that worked in Florida is a "reverse foreclosure."   Attorneys went to Court and compelled title to transfer.  Notices were waived, necessary hearings were waived, and it worked:  the Court transferred title in one day.  Now the Bank must start paying monthly assessments.

The Homeonwers Associations figures it saved eight more months of zero fees from the unit in question.    See more about this here.    Consult with your state laws to see if you can do the same.   If you can --you should.